Intel and TSMC’s Shocking Joint Venture: Can It Save a Sinking Giant?

A Desperate Move to Revive Intel’s Semiconductor Legacy Intel, once a titan of the semiconductor industry, has reportedly struck a tentative deal with Taiwan Semiconductor Manufacturing Co (TSMC) to form a joint venture that could redefine its future in chip manufacturing. According to The Information, TSMC, the global leader in contract chipmaking, will take a 20% stake in a new company tasked with operating Intel’s struggling U.S. factories. This partnership emerges amid intense pressure from the White House and U.S. Commerce Department, who see Intel’s revival as critical to America’s technological sovereignty. With Intel reeling from a $18.8 billion net loss in 2024, its first since 1986, and a stock value plunge of 60% last year, this collaboration with TSMC could be the lifeline it desperately needs. Meanwhile, TSMC’s ambitious $100 billion investment to build five new U.S. chip facilities underscores the stakes in this high-stakes semiconductor showdown. The joint venture ...