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

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 powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans.

The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.

Taiwan Semiconductor Manufacturing Co. – the world’s biggest chipmaker – will invest at least $100 billion to expand chip manufacturing in the US. During a press conference on Monday, President Donald Trump said the funding would go toward building two additional chip manufacturing facilities in Phoenix, Arizona.

In a joint announcement with the Trump Administration, TSMC pledged to spend $100 billion on chip facilities in the U.S.