Intel (INTC) stock jumped 16% Tuesday following a report that its rivals Broadcom (AVGO) and TSMC (TSM) are exploring potential deals with the chipmaker that would split it into two. The Wall Street Journal reported late Saturday that Broadcom (AVGO) is considering making a bid for Intel’s product business, which designs semiconductors for computers and…
PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing. Intel’s interim co-CEOs have admitted that selling off Intel’s manufacturing business to improve its financial status isn’t off the table, according to multiple reports. Interim co-CEO David Zinsner, who is also Intel’s Chief…
By Max A. Cherney (Reuters) – Intel’s foundry, or contract manufacturing business, has signed up Amazon’s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel’s shares rose roughly 8% in extended trading after CEO Pat…