Broadcom CEO Hock Tan said he is not interested in pursuing a mergers and acquisitions deal for a unit of Intel.

Broadcom not acquiring Intel’s chip design business, says CEO Hock Tan, with AI and VMware the focus, not Intel semiconductor buy.

CEO Hock Tan disappointed Intel (NASDAQ:INTC) investors, who were looking for a turnaround in the once-mighty chip giant. Given how often Broadcom (NASDAQ:AVGO) M&A rumors linking INTC have gathered momentum,

Chip stock Intel (INTC), not so long ago, was the target of rumors of potential takeover, which gave shares a very nice bump at the time.

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant.

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Broadcom investors evidently don't like the idea of the company potentially using Intel as its manufacturer, and sent the stock down by as much as 4.2% today. Broadcom's shares fell by 2.2% as of 11:25 a.m. ET.

Intel is testing its last shot at redemption. Nvidia and Broadcom are interested--but will they actually commit?

Intel is rising on a report that two leading AI names are running manufacturing tests using its chipmaking technology.

Nvidia sells the lion’s share of the parallel compute underpinning AI training, and it has a very large – and probably dominant – share of AI inference.

Investing.com -- Shares of Intel Corporation (NASDAQ: INTC) fell 2.1% following comments from Broadcom Inc.’s (NASDAQ: AVGO) CEO, Hock Tan, indicating a lack of interest in pursuing a deal for a unit of the semiconductor giant. The market response comes after speculation that Broadcom might be looking to acquire a portion of Intel’s business.