Intel Stock Surges on Speculation of TSMC Deal | Global News Avenue

Intel(INTC) Stocks jumped Thursday, extending their recent rally in speculation about a deal with Taiwanese semiconductor manufacturing companies (TSM).

Baird analysts said Wednesday that the legendary chipmaker has been the subject of discussion, involving a U.S. chip building partnership with TSMC.

TSMC can send engineers to Intel’s foundry business as part of such businesses and may start a new entity jointly owned by TSMC and Intel, which may benefit from the U.S. government. Funds under the “Chips Act”Analysts said. Intel’s Casting business Having been working hard to keep up with TSMC, losing $13.4 billion in 2024.

A TSMC spokesperson declined to comment on the deal, and Intel did not immediately respond to a request for comment.

Discussions were held as Vice President JD Vance Said Tuesday The Trump administration hopes to design and manufacture artificial intelligence chips at home. Policies that benefit U.S. chipmakers could benefit Intel’s foundries, which manufactures chips for third parties in the United States.

Intel’s shares have invested more than 9% in trading Thursday afternoon to $24.52, up nearly 30% so far this week. But even with recent earnings, the stock has fallen more than 40% in the past 12 months.