Semiconductor giants Intel and TSMC are reportedly teaming up.
The two corporations are mentioned to have reached a tentative settlement to create a three way partnership that may function Intel’s chipmaking services, in keeping with The Information. TSMC can have a 20% stake within the new enterprise.
Instead of funding its stake with capital, TSMC will share a few of its chipmaking practices with Intel workers and prepare them, added The Information.
The Trump administration reportedly kindled the discussions in an effort to spice up Intel’s turnaround efforts. Intel executives are frightened about mass layoffs.
The improvement comes lower than a month after investor and entrepreneur Lip-Bu Tan was appointed CEO of Intel. At the time, it was reported that Tan was trying to make sweeping adjustments on the firm.
TSMC declined to remark. TechCrunch reached out to Intel for remark.
