TSMC: Taiwan Semiconductor Could Be The Lifeline Intel Needs As Rumors Swirl Of A US-Backed Joint Venture

Intel Corp. (NASDAQ:INTC) may be facing a turning point as rumors suggest the U.S. government could intervene to push a joint venture between the struggling chipmaker and Taiwan Semiconductor Manufacturing Co. (NYSE:TSM).What Happened: According to Baird analyst Tristan Gerra, supply chain sources indicate that the U.S. government is considering forcing Intel into a joint venture with TSMC to bolster domestic chip manufacturing, reported Investing.com.The deal would see TSMC deploy engineers to Intel's advanced 3nm and 2nm fabrication plants, leveraging its expertise to help ensure the success of Intel's foundry business.Under the rumored arrangement, the fab unit could be spun off into a new entity co-owned by Intel and TSMC, with the latter overseeing operations.See Also: Intel 'Will ...Full story available on Benzinga.com