Intel Explores Joint Venture with TSMC, Courting Chip Rivals to Revive Manufacturing
Summary
Intel, facing manufacturing struggles, is in talks with TSMC for a joint venture where TSMC would operate Intel's factories, taking a 20% stake, as the White House pushes for the deal to revive Intel's chip production, with TSMC also courting other chipmakers to join.
Key Points
- Intel and TSMC recently discussed a preliminary agreement to form a joint venture where TSMC would take a 20% stake and operate Intel's factories.
- The White House and Commerce Department officials have been pushing for this deal to resolve Intel's manufacturing crisis.
- TSMC has also pitched other chipmakers like Nvidia, AMD, and Broadcom to take stakes in the joint venture to run Intel's factories.