Intel-TSMC Team-Up Targets Tech Turnaround

April 4 – U.S. semiconductor giant Intel and Taiwan's TSMC are set to launch a joint chip production venture, according to a report by The Information, as cited by TechCrunch. The two industry leaders have reached a preliminary agreement under which Intel’s chip manufacturing facilities will be co-managed by both companies.

As part of the deal, TSMC will hold a 20% stake in the venture. Rather than making a financial investment, the Taiwanese chipmaker will share its manufacturing processes and train Intel’s personnel, according to the report.

The collaboration was initially catalyzed under the Trump administration, with the aim of bolstering Intel’s recovery and reestablishing U.S. leadership in semiconductor manufacturing. Intel has recently faced internal concerns, particularly regarding mass layoffs and structural challenges.

The announcement comes less than a month after Lip-Bu Tan, a renowned investor and entrepreneur, was appointed CEO of Intel. At the time, Tan declared his intention to bring significant change to the company.

Industry analysts believe the joint venture could play a pivotal role in enhancing Intel’s chip production capabilities and ensuring greater stability in an increasingly competitive global market.