Intel and TSMC, two semiconductor behemoths, are reportedly joining forces in a chipmaking venture. The deal, still tentative, would see TSMC acquiring a 20% stake in a new entity operating Intel’s manufacturing plants, according to a report in The Information.
Rather than a cash injection, TSMC’s contribution would involve sharing its chip manufacturing expertise with Intel’s workforce, providing training and guidance. This arrangement surfaces amid Intel’s efforts to revitalize its operations.
Reportedly, the Trump administration initiated discussions to bolster Intel’s turnaround. This move comes as Intel’s leadership reportedly grapples with concerns about potential large-scale layoffs within the company.
This development unfolds shortly after Lip-Bu Tan’s appointment as Intel’s CEO last month. Initial reports suggested Tan was poised to implement significant changes throughout the organization.
While TSMC has chosen not to comment on the matter, TechCrunch has reached out to Intel for their official statement.
