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Intel rises on report of potential investment or partnership talks with TSMC

ReutersSep 26, 2025 8:48 AM

** Shares of chipmaker Intel INTC.O up 4.6% at $35.55 premarket

** INTC has approached Taiwan Semiconductor Manufacturing Company (TSMC) 2330.TW about investments in manufacturing or partnerships, according to a Wall Street Journal report on Thursday

** The article follows a Bloomberg report that said INTC has approached Apple AAPL.O for securing an investment

** Earlier this month, the struggling chipmaker secured a $5 billion investment from AI chip giant Nvidia NVDA.O, which will make it one of Intel's largest shareholders

** AAPL and TSMC in April had discussed a preliminary agreement to form a joint venture to operate INTC's chip making facilities, including TSMC acquiring a 20% stake in INTC

** Three of 45 brokerages rate the stock "buy" or higher, 37 "hold" and five "sell" or lower; their median PT is $23

** As of last close, INTC up nearly 70% YTD

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