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Broadcom, TSMC Eye Deals for Parts of Intel, Report Says

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KEY TAKEAWAYS Broadcom and Taiwan Semiconductor Manufacturing Co. are reportedly weighing plans to bid for Intel that would result in the storied chipmaker breaking up.According to The Wall Street Journal in a report Saturday,
According to a report by the Financial Times, Broadcom and TSMC are considering acquiring parts of Intel's business. Intel has been attempting to sell its programmable chip unit, known as the PSG (Programmable Solutions Group), which could be valued at up to $10 billion. This interest from Broadcom and TSMC comes as Intel has been facing challenges in its core markets and is looking to streamline its operations. The potential sale could help Intel focus on its core competencies while providing Broadcom and TSMC with opportunities to expand their portfolios in the semiconductor industry. However, no final decisions have been made, and the discussions are part of Intel's broader strategy to divest non-core assets.

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[ https://www.msn.com/en-us/money/technology/broadcom-tsmc-eye-deals-for-parts-of-intel-report-says/ar-AA1z9Euz ]