Intel stock surged nearly 16% on Tuesday after a Wall Street Journal report suggested that Broadcom and TSMC were considering potential bids for the renowned chipmaker. Broadcom is said to be eyeing Intel’s chip design businesses,

Former Intel CEO Craig Barrett has criticized proposals to split the company, blaming the board for its decline and arguing that firing them and reinstating Pat Gelsinger would be a smarter move as Intel fights to regain its competitive edge against TSMC and Broadcom amid financial struggles and production delays.

Intel (INTC) stock jumped Tuesday following a Wall Street Journal report that its rivals Broadcom and TSMC are exploring potential deals with the chipmaker that would split it into two.

It's not entirely clear if the new investment is entirely distinct from the $65 billion TSMC has already said it plans to invest in the US. But at minimum, it's a significant scaling up of that commitment.

TSMC today said it will expand its investment in advanced semiconductor manufacturing in the U.S. by an additional $100 billion. Building on the company’s ongoing $65 billion investment in its advanced chip fabs in Phoenix,

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.