Intel shares pop 10% on report Broadcom and Taiwan Semi could break up company

Core Insights - Intel shares experienced a rally of over 10% following reports of potential bids from Broadcom and TSMC, which could lead to a split of the company [1][2] Company Developments - Broadcom is reportedly considering a bid for Intel's chip design and marketing segment, while TSMC is interested in acquiring a stake or full control of Intel's manufacturing facilities [2] - The discussions between these companies are informal and no official bids have been filed as of yet [2] Industry Context - Intel has faced significant challenges in recent years, resulting in a substantial decline in market value, losing billions [3] - The company has struggled to keep pace with the advancements in artificial intelligence that have benefited the broader semiconductor industry [3]