Taiwan Semiconductor Manufacturing (TSM) and Broadcom (AVGO) are considering pitching deals to acquire separate pieces of Intel (INTC), The Wall Street Journal reported late Friday, citing people familiar with the matter.
Broadcom is interested in Intel's chip-design and marketing business, while Taiwan Semiconductor is eyeing Intel's chip manufacturing plants, the report said.
The two companies are not collaborating and no formal proposals have yet been submitted to Intel, the report said.
Taiwan Semiconductor's possible acquisition of Intel factories would entail US government regulatory approvals. The administration of President Donald Trump has indicated it would be reluctant to allow foreign ownership of Intel plants, the report said.
Intel, Broadcom, and Taiwan Semiconductor did not immediately reply to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.