Reuters reports that TSMC has approached Nvidia, Broadcom and others about a joint venture that would run Intel’s factories. But that arrangement would face some roadblocks.
Last Updated: March 12, 2025 at 2:02 p.m. ET
First Published: March 12, 2025 at 8:17 a.m. ET
The latest hope for Intel Corp. investors is the prospect of a joint venture in which some of the hottest semiconductor companies would take partial stakes in Intel’s struggling foundry business.
Reuters reported Wednesday that Taiwan Semiconductor Manufacturing Co. TSM has reached out to Nvidia Corp. NVDA, Advanced Micro Devices Inc. AMD and Broadcom Inc. AVGO about the possibility of this joint venture, in which manufacturing giant TSMC would run Intel’s INTC foundry operations but limit its ownership to less than half of the business. Qualcomm Inc. QCOM was also approached on the proposal, according to the report.
About the Author
