INTC stock price: Intel jumps over 10% after report that Broadcom, TSMC bids could split the struggling chipmaker

The American chipmaker missed out on the generative AI boom and is now in talks with rivals to which it lost market share, according to a report from the ‘Wall Street Journal.’

Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are in talks to divide the ailing American chipmaker’s business into two parts, according to the Wall Street Journal.