TSMC Proposes Joint Venture With Nvidia, AMD And Broadcom To Operate Intel's Factories: Report

Quick Summary:

Taiwan Semiconductor Mfg.Co.Ltd.(NYSE:TSM) has reportedly approached U.S.chip designers Nvidia Corp.(NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Broadcom Inc.(NASDAQ:AVGO) to invest in a joint venture (JV).

What Happened: With the joint venture, TSMC aims to operate Intel Corp.'s (NASDAQ:INTC) factories, according to a report by Reuters.

The proposal suggests that the Taiwanese chipmaker would manage Intel’s foundry division, which customizes chips for clients, but would not own more than 50%, according to sources in the report.

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Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United StatesTaiwan

Topics: AMD US67066G1040 Chip manufacturer AI US7475251036 US8740391003 INTC META Benzinga NVDA Tech News SG9999006241 TSM US0079031078 Consumer Tech QCOM AVGO Equities Markets US4581401001

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 10:29:51 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26917693

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