Intel and TSMC agree on joint venture to enhance Intel's chip manufacturing capabilities.

Intel and TSMC have reportedly reached a preliminary agreement to form a joint venture where TSMC will take a 20% stake in operating Intel's factories, aiming to bolster Intel's manufacturing capabilities. This move comes amid pressure from U.S. officials and follows Intel's struggle to compete with TSMC. While Intel shares rose on the news, TSMC's shares fell, reflecting market reactions to the potential partnership.

6 days ago
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