Intel Acquisition Rumors Heat Up
* INTC surged Tuesday following reports that AVGO and TSM are exploring bids.
* AVGO may target Intel's design services, while TSM considers acquiring its factories.
* Speculation has persisted amid Intel's challenges in implementing its turnaround plan.
* INTC shares have plunged 60% in 2024, prompting CEO Pat Gelsinger's departure.
* Intel, Broadcom, and TSMC have not commented on the reports.
* INTC shares gained over 5% in premarket trading, offsetting a 46% decline over the past year.
* AVGO shares remained stable, while TSM's U.S. shares rose marginally.