Reports from The Information cite two sources familiar with the matter, stating that Intel and TSMC have reached a preliminary agreement to establish a joint venture to operate Intel’s chip manufacturing plant in the United States. TSMC will contribute a 20% investment in this new company.
Previously, there were reports that the US government had negotiated with TSMC and wanted TSMC to purchase shares of Intel’s chip manufacturing plant. Initially, TSMC responded positively to this proposal. Therefore, the latest information released is likely a progression of this plan.
Representatives from TSMC, Intel, and the US Department of Commerce have declined to comment on these reports.
Recently, TSMC announced a $100 billion investment plan in the United States and there have been rumors regarding the purchase of shares in Intel’s chip plant, inviting companies like NVIDIA, AMD, Broadcom, and Qualcomm to also invest. In the case of NVIDIA, Jensen Huang has rejected these rumors.
Source: The Information
**TLDR: Intel and TSMC are in talks to create a joint venture for Intel’s chip plant, with TSMC investing 20%. Talks regarding the US government’s involvement and other tech giants investing are ongoing. NVIDIA’s CEO denies rumors of their involvement in the investment.**
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