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Intel stock jumps 16% on potential breakup rumor
Intel Corp.’s stock price rose by 16% to US$27.39 on Feb. 18, driven by speculation about a potential breakup involving Taiwan Semiconductor Manufacturing Co. (TSMC) and Broadcom Inc.
This increase is Intel’s largest single-day gain since March 2020.
Intel has faced challenges in recent years, including falling behind competitors and missing advancements in AI chips.
Recent Intel developments
| Timeline |
|---|
12-Feb-2025 🌐 Intel taps Israeli executive as interim data center chief
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07-Feb-2025 💼 Intel to cut 58 more jobs
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04-Feb-2025 ⚙️ Intel delays AI chip designed to rival Nvidia
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31-Jan-2025 💰 Intel receives $2.2b funding from CHIPS Act
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30-Jan-2025 📉 Intel set to report Q4 earnings as shares drop
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| 18-Jan-2025 📈 Intel’s stock jumps amid buyout rumors |
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