TSMC Pitches Nvidia, AMD, and Broadcom on Joint Venture to Operate Intel Factories

TSMC's Proposal for Intel's Foundry

• 💡 TSMC has proposed a joint venture to US chip designers, including Nvidia, AMD, and Broadcom, to operate Intel's struggling factories.
• 🎯 The plan involves TSMC running Intel's Foundry division, but TSMC would not own more than 50% of the venture.
• 📌 Qualcomm was also reportedly pitched on the idea, with talks being in their early stages.

US Government Involvement and Intel's Future

• 🚀 The proposal comes after the Trump administration requested TSMC's assistance in reviving Intel, a key US industrial icon.
• ⚠️ Any deal would require approval from the Trump administration, which aims to prevent Intel's Foundry division from being fully foreign-owned.
• 📈 Intel's shares have seen a significant decline, losing over half their value in the past year, highlighting the urgency to revive the company's fortunes.

Intel's Strategic Decisions and Investments

• 🧩 Intel has rejected discussions about selling its chip design house separately from the Foundry division, according to sources.
• 💰 TSMC's joint venture pitch preceded its announcement of a $100 billion investment in the United States to build five new chip facilities.
• 📰 In related news, Intel appointed Lip Bu Tan as its new CEO, effective March 18th, leading to an 11% rise in its shares in extended trading.