TSMC proposes Intel foundry JV to chipmakers

Chip alliance: A man walks past the Nvidia Corp office in Taipei. Trump is keen to revive Intel’s fortunes, as he seeks to boost American advanced manufacturing. — Bloomberg

TAIPEI: TSMC has pitched US chip designers Nvidia, Advanced Micro Devices (AMD) and Broadcom about taking stakes in a joint venture (JV) that would operate Intel’s factories, according to sources.

Under the proposal, the Taiwanese chipmaking giant would run the operations of Intel’s foundry division, which makes chips adapted for the needs of customers, but it would not own more than 50%, the sources said.