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Intel, TSMC Tentatively Agree On Chipmaking JV In 'America First' Era

 Intel and Taiwan Semiconductor Manufacturing Co. (TSMC) are in preliminary talks to form a joint venture for chip manufacturing. This agreement is part of an effort to boost U. S. semiconductor production.

• Intel shares increased by 5% following news of the potential joint venture with TSMC.

• TSMC would take a 20% stake in the new entity while providing manufacturing expertise and training instead of funding its share with capital.

• U. S. semiconductor companies, including Intel, would maintain the majority ownership of the joint venture that may incorporate some of Intel's current chip foundries.

• Discussions about funding the new venture remain ongoing, with no final agreement reached.

• Some Intel executives are concerned that the deal may lead to job losses and could undermine Intel’s chip technologies.

• The joint venture aligns with the "America First" initiative from the previous Trump administration, aimed at revitalizing the U. S. semiconductor industry and reducing reliance on foreign sources.

• TSMC has previously been criticized by Trump for "stealing" U. S. technology but has invested over $100 billion in the U. S.

• There are reports of TSMC also proposing joint ventures with other companies like Nvidia, AMD, and Broadcom for operating Intel’s facilities.

• The White House is encouraging a deal to help resolve Intel's ongoing production challenges.

The prospective joint venture between Intel and TSMC marks a significant shift aimed at revitalizing U. S. chip manufacturing amidst ongoing market pressures and geopolitical considerations.

https://www.zerohedge.com/technology/intel-tsmc-tentatively-agree-chip-jv-america-first-era

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