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Intel, chief rival in tentative chipmaking deal, report says

  • Intel and TSMC tentatively agreed to form a joint venture for chip manufacturing, per reports on April 3, 2025.
  • The Trump administration encouraged the joint venture to boost Intel's turnaround and revive US chipmaking.
  • The joint venture would operate some of Intel's factories, with TSMC sharing chipmaking techniques and expertise.
  • TSMC would receive a 20% stake in the joint venture; Intel shares climbed more than 2% on the news.
  • Some Intel executives fear layoffs and subsumption of technology, while others see the deal resolving Intel's crisis.
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Zero Hedge broke the news in United States on Thursday, April 3, 2025.
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