Intel's stock rises by 11% due to news of a potential deal with TSMC.

Shares of American technology company Intel Corporation jumped nearly 11%, as the stocks experienced strong buying pressure following news regarding potential deals between Broadcom and TSMC.

In this regard, some news reports indicated that Intel is likely to enter a deal with major artificial intelligence companies Broadcom and TSMC in order to sell its chip designs and factories to each of them.

Earlier reports suggested that Broadcom is looking into the chip design and marketing business of Intel, while TSMC may present an offer for the chip factories of the American technology company; it was said that both deals are in the early stages of consideration.

During trading on the American stock market on Tuesday, Intel’s stock (NasdaqGS: INTC) recorded an increase of about 10.61% to trade near the level of $26.10.