Welcome to the TechMean right home for Friday, April 4th, 2025. I'm Brian McCona today.

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Sources are telling the information that Intel and TSM have reached a preliminary agreement

to form a

joint venture that will operate Intel's chip-making facilities. TSM will reportedly take a 20% stake.

Quote, Intel and other U.S. semiconductor companies will hold the majority of the shares in the

proposed joint venture, which would include at least some of Intel's existing chip foundries,

said the two people. In exchange for the 20% stake, TSM has at least some of Intel's existing chip foundries, said the two people.

In exchange for the 20% stake, TSM has discussed sharing some of its chip-making methods with

Intel and training intel personnel to use them instead of funding its stake with capital,

one of the people said. It isn't clear how the rest of the new entity would be funded.

The deliberations are ongoing and no final

agreement has been reached. The two people said, there's still resistance from some Intel executives

concerned that the deal would cause widespread layoffs at the company while subsuming its own

chipmaking technology, according to two Intel employees. There may be resistance within TSMC as well.

Two weeks ago, Paul Liu, a board member at

TSM, publicly denied reports that the company was considering acquiring Intel's struggling

foundry business. Digitimes Asia reported. The Trump administration initiated the Intel

...