Intel Becomes Potential Takeover Target Of Broadcom, TSMC: Reports
Summary
Intel has become a potential takeover target of U.S. infrastructure giant Broadcom and Taiwanese chip foundry behemoth TSMC, according to multiple reports. The latest report, from The Wall Street Journal Saturday, said Broadcom has “informally discussed with its advisers making a bid” on Intel’s chip design business, which includes its Core and Xeon CPUs for PCs and servers, respectively. All three news publications reported that TSMC—which is Intel Foundry’s top competitor as a contract chipmaker with advanced capabilities—has sought the potential deal at the encouragement of the Trump administration. However, a White House official told The Wall Street Journal and Bloomberg that President Trump would likely not support a foreign company owning Intel’s factories. Intel has been the source of acquisition rumors for several months in light of growing financial challenges that prompted the semiconductor giant last August to announce a $10 billion cost-cutting plan that resulted in the company slashing more than 15,000 jobs.
Classifications
AskAI Classifications
LabelsLinked Companies
