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.

Shares of Intel jumped on Tuesday morning, the first day of trading since new reports emerged over the weekend that the chipmaker is the center of acquisition talks once again.

Intel shares jumped 9% in early trading after The Wall Street Journal reported that Broadcom and TSMC were eyeing separate deals that would break the U.S. chip maker in two. Read more: