U.S. media outlet The Information says chip giants TSMC and Intel are discussing a preliminary agreement to strike a joint venture deal. TSMC and Intel are yet to comment on the report.
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00:00U.S. media outlet The Information says TSMC and Intel are discussing an agreement that
00:05would see the two chipmakers work together to revive Intel's flagging foundry business.
00:11TSMC, the world's biggest contract chipmaker, would reportedly have a 20 percent stake in
00:17the new joint venture in exchange for providing Intel with its know-how and training.
00:21U.S. chip giant Intel has struggled to keep pace with the industry in recent years.
00:26The company lost 60 percent of its value in 2024.
00:30The Information said that the U.S. government is heavily involved in trying to broker the
00:34deal, part of its efforts to revive its domestic semiconductor industry.
00:38TSMC declined to comment on the report.