TSMC Pitches Intel Foundry Joint Venture to Nvidia, AMD and Broadcom
**TSMC Pitches Intel Foundry Joint Venture to Nvidia, AMD and Broadcom**
By Qianer Liu
10 hours ago
Source: Reuters
Taiwan Semiconductor Manufacturing Company has pitched to Nvidia, Advanced Micro Devices, Broadcom, and Qualcomm about taking a stake in a joint venture to operate Intel's loss-making foundry division, which manufactures chips for companies based on their designs and specifications, Reuters reported on Wednesday.
Under the proposal, TSMC would oversee the operations of Intel's semiconductor manufacturing facilities while retaining less than a 50% ownership stake, according to Reuters.
The initiative is in response to a Trump administration request that TSMC help restore Intel as part of a broader effort to strengthen advanced manufacturing within the U.S. However, the administration doesn't want foreign companies like TSMC to fully own Intel or its chipmaking unit, the report added.
Discussions regarding TSMC's potential involvement have started before TSMC's announcement last week to invest $100 billion in the U.S. to build five new chip facilities in the U.S., and have continued since.
Intel has faced significant financial difficulties in recent years. The company reported a net loss of $18.8 billion for 2024, its first annual loss since 1986. Intel's stock price has declined by more than 50% over the past year, as the company struggles to catch up with TSMC. Intel former CEO Pat Gelsinger was forced out by the board in December.