US media: Broadcom and TSMC are eyeing Intel's spin-off deal

On February 16, according to the Wall Street Journal, Broadcom (AVGO. O) and TSMC (TSM. N) are each eyeing a potential deal that could split Intel (INTC. O) in two, according to people familiar with the matter. Broadcom has been keeping a close eye on Intel's chip design and marketing business and has informally discussed a bid with advisers, but may only bid if it finds a partner for Intel's manufacturing operations. Broadcom has not submitted any documents to Intel. TSMC has been looking into taking control of some or all of Intel's chip factories, possibly as part of a consortium of investors or other structures. Broadcom and TSMC are not working together. Breaking up Intel would bring it in line with an industry shift in recent decades to specialise in either making chips or designing them, rather than both. Frank Yeary, Intel's interim executive chairperson, has been leading discussions with potential acquirers and with Trump administration officials concerned about the fate of the company, which is seen as vital to national security, according to people familiar with the matter. Talks about Intel's factories are at an early stage, and the Trump administration has asked TSMC to explore the idea, according to people familiar with the matter.