Intel rises after report on CEO's plans to overhaul manufacturing, AI operations

** Shares of U.S. chipmaker Intel INTC.O rise 2% to $24.53 premarket

** INTC's incoming CEO Lip-Bu Tan plans significant changes to chip manufacturing and AI strategies ahead of him taking charge on Tuesday, sources told Reuters

** Tan's top priority is revamping manufacturing operations, plans to bring in new customers for manufacturing arm Intel Foundry

** Also plans to restructure AI strategy and make staff cuts, telling employees "tough decisions" are needed at town hall meeting after his appointment last week

** Last Thursday, shares rose 14% after co appointed Tan as CEO, who has been successful executive and tech investor

** Separately, TSMC 2330.TW has pitched Nvidia NVDA.O, Advanced Micro Devices AMD.O and Broadcom AVGO.O about taking stakes in joint venture that would operate INTC's factories, Reuters reported earlier this month

** Three of 45 brokerages rate stock "buy" or higher, 38 "hold" and four "sell" or lower; median PT is $23 - data compiled by LSEG

** Up to last close, INTC up about 20% YTD