TSMC (TSM) has approached U.S. chipmakers Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO) about investing in a joint venture to operate Intel’s (INTC) factories, Reuters’ Fanny Potkin, Milana Vinn and Wen-Yee Lee report. According to four sources familiar with the discussions, under the proposal, TSMC would manage Intel’s foundry division, which produces customized chips for clients, but would hold a stake of no more than 50%. Additionally, TSMC has also pitched the idea to Qualcomm (QCOM), according to one of the sources and another separate source.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSM:
- TSMC Proposes JV with NVDA, AMD, and AVGO to Operate Intel’s U.S. Foundries
- Meta Platforms (META) Rattles Rivals By Testing Its First In-House AI Training Chip
- Jefferies global semis analysts hold analyst/industry conference call
- TSMC says February chip sales up 43.1% from same month last year
- Nvidia (NVDA) and Other Chip Stocks Sink amid Recession Worries