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Shares of Intel (INTC) rose late Thursday following a report from The Information that the chip giant has reached a tentative deal with TSMC (TSM) to form a joint venture. Learn the details of the report in the video above.
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Intel and Taiwan Semiconductor reportedly reaching a tentative deal on chip manufacturing. That's according to report from The Information. Intel shares jumping on that news. The report saying the two companies have agreed to form a joint venture with other US semiconductor firms that would operate Intel's semiconductor manufacturing facilities. Taiwan Semi would take a 20% stake in the new organization as part of the deal, and Intel and the other investors would control the rest. In exchange, Taiwan Semiconductor would provide Intel with information about how to build its chips, as well as provide training assistance for Intel's personnel. The Trump administration has been pushing the companies to move forward together and is keen on shoring up the US's chip manufacturing capacity. TSMC has already pledged $100 billion in US-based chips manufacturing.
