Reports have emerged detailing discussions between President Donald Trump’s administration and TSMC regarding a potential acquisition of Intel’s chip manufacturing plant. While TSMC has tentatively responded positively to the proposal, the decision ultimately lies with Intel on whether they will sell.
The proposed arrangement entails TSMC not holding all the shares but inviting American joint venture companies to participate in the ownership, ensuring the chip manufacturing plant remains in American hands. However, this proposal is merely in its preliminary stages and may not come to fruition.
In October of last year, TSMC CEO C.C. Wei dismissed speculations about TSMC purchasing Intel’s plant, indicating a lack of interest in the matter.
Source: Bloomberg
TLDR: President Trump’s administration is in talks with TSMC for the acquisition of Intel’s chip manufacturing plant, with TSMC open to the idea but the final decision rests with Intel.
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