Intel jumps on report of joint venture with TSMC
Intel surged on a report from The Information that it’s reached a preliminary deal to form a joint venture with Taiwan Semiconductor to operate Intel’s chip-making operations.
TSMC would take a 20% stake in the venture, The Information reported, citing two unnamed people “involved in some of the discussions.”
Rumors of such a matchup have been in the market for a few weeks, but were batted down. The Information notes that its sources say deliberations are ongoing and still aren’t final. The market sure likes the sound of it, though.
Rumors of such a matchup have been in the market for a few weeks, but were batted down. The Information notes that its sources say deliberations are ongoing and still aren’t final. The market sure likes the sound of it, though.
