Intel, chief rival in tentative chipmaking deal, report says
- Intel and TSMC tentatively agreed to form a joint venture for chip manufacturing, per reports on April 3, 2025.
- The Trump administration encouraged the joint venture to boost Intel's turnaround and revive US chipmaking.
- The joint venture would operate some of Intel's factories, with TSMC sharing chipmaking techniques and expertise.
- TSMC would receive a 20% stake in the joint venture; Intel shares climbed more than 2% on the news.
- Some Intel executives fear layoffs and subsumption of technology, while others see the deal resolving Intel's crisis.
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Intel and TSMC are reportedly launching a joint venture that will operate Intel's chipmaking facilities
Intel and TSMC have reportedly reached a preliminary agreement to form a joint venture to operate the former's chip factories. TSMC will apparently take a 20 per cent stake in the new company.
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