Overview

• TSMC has pitched a joint venture to operate Intel's foundry division, involving potential investments from Nvidia, AMD, Broadcom, and Qualcomm.
• The proposal, encouraged by the Trump administration, aims to prevent full foreign ownership of Intel while leveraging TSMC's operational expertise.
• Intel's foundry division reported a $13 billion loss in 2024, contributing to the company's first annual net loss since 1986, which totaled $18.8 billion.
• TSMC has committed $100 billion to U.S. chip manufacturing expansion, adding to a previous $65 billion investment, signaling its growing role in the U.S. semiconductor market.
• The joint venture discussions are in early stages, with challenges including differences in manufacturing processes and unresolved disagreements over Intel's advanced 18A technology.