Key Takeaways Intel shares jumped Thursday, extending their recent rally on speculation of a deal with TSMC.Intel could collaborate with TSMC to potentially spin off its foundry business into a new U.

Intel and TSMC declined to comment, but the report kept the momentum going for Intel shares on Thursday. Still, it's worth noting that Intel's stock fell 58% in 2024 and at Thursday's close was down 45% in the past year.

An alleged US government plan to encourage Taiwan Semiconductor Manufacturing Co (TSMC) to form a joint venture with Intel to boost US chipmaking would place the Taiwanese foundry giant in a more disadvantageous position than proposed tariffs on imported chips, a semiconductor expert said yesterday.