Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is in early talks with Nvidia (NASDAQ:NVDA), AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Qualcomm (NASDAQ:QCOM) to form a joint venture (JV) to manage Intel’s (NASDAQ:INTC) struggling U.S. foundry business, Reuters reported.
Under the proposal, TSMC would operate Intel’s chipmaking facilities but hold no more than a 50% stake, ensuring majority ownership remains with U.S.-based companies. The plan aligns with TSMC’s ongoing investment in U.S. semiconductor manufacturing, including its recent $100 billion commitment to expand production.
Discussions follow reports that the Trump administration sought TSMC’s involvement in stabilizing Intel, which has been grappling with weak sales and losses in its foundry division. Intel has also explored spinning off its foundry business as a separate entity.
A potential JV would help meet surging global demand for AI and data center infrastructure, as companies increasingly seek advanced chip production capabilities. Nvidia and Broadcom have reportedly been testing Intel’s latest manufacturing techniques, while AMD is assessing their viability.
Intel and TSMC have long been rivals in semiconductor manufacturing, but Intel has fallen behind in recent years. While TSMC leads in cutting-edge chip technology, Intel has struggled to capitalize on AI-driven growth. The proposed collaboration could provide Intel with the expertise needed to compete more effectively in the semiconductor space.
Although no formal agreements have been reached, any deal would require approval from President Trump, who has voiced concerns over foreign ownership of U.S. chip plants. The proposed JV structure seeks to address these concerns while bolstering U.S. semiconductor capabilities.


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