Intel And TSMC Reportedly Teaming Up

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5 days ago

Summary

Intel and TSMC reach a tentative agreement to form a joint venture operating Intel's chipmaking facilities, with TSMC having a 20% stake. TSMC will share some of its chipmaking practices with Intel employees. The development comes after Intel appointed Lip-Bu Tan as CEO, who is looking to make sweeping changes at the company.

Key Points

Intel and TSMC reach a tentative agreement to form a joint venture operating Intel's chipmaking facilities
TSMC will have a 20% stake in the new venture
TSMC will share some of its chipmaking practices with Intel employees

Why It Matters

The partnership could help boost Intel's turnaround efforts and provide training for its employees.

Author

Rebecca Szkutak

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