TSMC seeks Intel foundry stake in joint venture with Nvidia, AMD, Broadcom, and Qualcomm

In brief: TSMC has reportedly proposed a joint venture that would see it take a stake in Intel's foundry business alongside Nvidia, AMD, Broadcom, and Qualcomm. We've been hearing that TSMC has been eyeing some or all of Intel's plants for weeks now, and the Trump administration has requested that the Taiwanese chip giant help turn around the troubled US firm. The proposal would see TSMC run Intel's foundry division operations, but it would not own more than 50%, Reuters writes. The Trump administration does not want either Intel or its foundry business to be entirely foreign-owned. Earlier this month, government officials met with TSMC executives to raise the idea of a deal between the company and Intel. TSMC was said to be receptive, which likely came as a relief to the administration as it looks at contingency plans in the event of Intel crashing even further. Bloomberg reported at the time that any potential deal may see US firms take equity stakes in Intel's manufacturing busin ... Read full article.