• Intel is on the block

    A report ($) from the Wall Street Journal states that Broadcom and TSMC are in independent talks with Intel about splitting the company into two pieces, with Broadcom taking the chip-design business and TSMC taking the manufacturing arm. Intel shares rose on the news, an indicator that the market thinks this is a good idea.

    The news is breaking (this past Friday), so it’s very early in the process. There are some hurdles, especially US government approval. There are some national security implications, and Intel received a large payout from the US CHIPS act, which has strings attached.

    This news suggests that Intel’s run as a standalone company may come to an end after 57 years. There’s no telling what might happen to the brand.