TSMC (TSM) is weighing acquiring a controlling stake in Intel’s (INTC) U.S. factories at the request of Trump administration officials as the president eyes boosting American manufacturing, Bloomberg’s Mackenzie Hawkins and Ian King report, citing a person familiar with the matter. The White House raised the idea of an agreement between the two companies in recent meetings with officials from the Taiwanese chipmaker, the authors say, noting that TSMC was receptive, though it isn’t clear whether Intel is open to a deal. Intel shares are down 1.7% in afternoon trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 weighs taking stake in U.S. Intel factories, Bloomberg reports
- AI Daily: Dell said to be near $5B server deal with xAI
- Taiwan Takes on TSM Tariff Threat after Trump Trade Tirade
- TSMC (TSM) Discloses Q3 Dividend: What Shareholders Should Know
- Citi says possible Intel, TSMC joint venture unlikely to succeed