Intel and TSMC Reach Preliminary Deal for U.S. Chipmaking Partnership

The agreement, which gives TSMC a 20% stake in Intel's U.S. facilities, aims to bolster domestic semiconductor production and remains under negotiation.

Intel and TSMC have agreed to a preliminary joint venture, with TSMC taking a 20% stake in Intel's U.S. chipmaking operations.
The deal aligns with U.S. government goals to strengthen domestic semiconductor manufacturing and reduce reliance on foreign supply chains.
Intel's stock rose 2.30% following the announcement, while TSMC's stock fell over 7%, reflecting mixed investor reactions.
TSMC's involvement is expected to bring technical expertise and capital, potentially enhancing Intel's manufacturing capabilities and efficiency.
Negotiations are ongoing, and the deal is not yet finalized, with further deliberations and regulatory considerations ahead.

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