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2h ago

Intel Courts Apple and TSMC in Early Talks on Potential Investment and Manufacturing Cooperation

TSMC reiterated it has not discussed a joint venture or technology transfer, underscoring that no deals are in place.

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Overview

  • Reports say Intel has approached Apple and TSMC about possible investment or manufacturing cooperation, and the companies have not announced any agreements.
  • TSMC issued a fresh statement denying discussions about setting up a joint venture, technology licensing or technology transfer in response to the latest coverage.
  • Intel CEO Chen Liwu met Apple CEO Tim Cook earlier this year and discussed cooperation or investment with TSMC chairman Mark Liu, according to people familiar with the talks.
  • Recent external capital includes a planned U.S. government stake of about 9.9% for roughly $8.9 billion, Nvidia’s $5 billion investment for about 4%, and SoftBank’s $2 billion injection.
  • Intel shares rose 8.87% on Thursday after the outreach was reported, as the company continues to seek customers for its lagging foundry business and expands collaboration with Nvidia on PC and data-center chips.