Intel and TSMC are on the Verge of a Joint Venture for US Chip Manufacturing! TSMC Would Take 20%!

According to a report by The Information, a US economic publication focused on the technology sector, struggling chip manufacturer Intel (INTC) and Taiwan Semiconductor Manufacturing Company (TSM) have reached a preliminary agreement to establish a joint venture to operate some of Intel's manufacturing facilities. On Thursday, April 3, 2025, Intel's stock rose by 2% due to these rumors, while TSMC's stock lost nearly 8% in value amidst a general decline as concerns over new tariffs announced by the Trump administration shook the markets. TSMC...