Leading semiconductor manufacturers Intel and TSMC are entering into a strategic partnership in chip production. According to The Information, the two companies have reached a preliminary agreement to establish a joint venture that will manage Intel’s manufacturing facilities. TSMC is expected to hold a 20% stake in the new entity.
Reportedly, TSMC will not make a direct financial investment for its share. Instead, the company will share its expertise in advanced chip manufacturing technologies with Intel’s engineers and provide training. This collaboration aims to improve Intel’s production processes and strengthen its position in the market.
The agreement is said to have been initiated under the previous U.S. administration as part of a strategic plan to compensate for Intel’s decline in recent years. The company’s leadership is looking for ways to boost its competitiveness in the semiconductor industry while also trying to avoid potential mass layoffs.
This development comes just a month after renowned investor and entrepreneur Lip-Bu Tan was appointed as Intel’s new CEO. Under his leadership, the company is expected to undergo fundamental changes and implement major updates to its manufacturing processes.
