Intel Corp shares jumped 16% after reports suggested the company could be split into separate business units.
Intel Corp has previously been reported to be struggling to compete, particularly in Artificial Intelligence (AI) technology.
Taiwan Semiconductor Manufacturing Co (TSMC) and Broadcom Inc are reportedly in talks for a split.
TSMC could take control of Intel's US factories, while Broadcom is considering buying its chip design and marketing arm.
Meanwhile, Silver Lake Management is in advanced talks to buy a majority stake in Altera.
Intel shares hit $27.39 in New York, marking their biggest one-day gain since March 2020.
News of the restructuring had already supported an 18% rise earlier this year.
The company was once a dominant force in the chip industry, but Intel has lost ground to rivals, particularly in AI. The company is also looking for a new CEO.
