Last week, we reported of a Wall Street Journal post claiming that TSMC was in talks to take control of Intel's fabs in some kind of joint venture. Now it's being reported that is not the case, while yet more reports say that TSMC may indeed take Intel's fabs in a deal that sees Broadcom snap up the chip design side of Intel's business.

Within the next several weeks, Intel is likely to be broken up into at least two, possibly even three or more pieces, as the world’s largest chip-making firm or foundry operator, Taiwan Semiconductor Manufacturing Co (TSMC) and the world’s number two chip design firm Broadcom divide its assets up.

The American chipmaker missed out on the generative AI boom and is now in talks with rivals to which it lost market share, according to a report from the ‘Wall Street Journal.’ Shares of Intel Corporation (NASDAQ:INTC) surged over 10% on Tuesday on the news that rivals Broadcom and Taiwan Semiconductor Manufacturing Co.