Reference Message Network reported on April 4, citing a report from Taiwan's "China Times Network" on April 4 that TSMC and Intel are said to have reached an initial agreement. The two parties plan to establish a joint venture to jointly operate Intel's wafer fabrication plant in the United States. TSMC will hold a 20% stake in the new company. In response, both Intel and TSMC refused to comment, and the White House has not responded yet. After the news was released, Intel's stock price rose nearly 7%, while TSMC's ADR closed down nearly 8%.
US White House and Commerce Department officials have been urging TSMC and Intel to reach an agreement to address Intel's long-term crisis. According to US media reports, two people familiar with the discussions revealed that Intel and TSMC have reached an initial agreement to establish a joint venture to operate Intel's chip manufacturing factory. TSMC will own a 20% stake in the joint venture.
The report stated that Intel and other American companies collectively hold more than half of the shares, meaning that the US side will take the dominant position.
The report said that during the joint venture negotiations, TSMC discussed sharing part of its manufacturing technology as a condition for obtaining a 20% stake in the new company. However, some senior executives at Intel are concerned that this transaction may lead to layoffs and marginalize existing chip manufacturing technologies.
The report said it is unclear which companies will form the joint venture together. Reuters previously reported that TSMC has invited NVIDIA, AMD, and Broadcom to join the joint venture to operate Intel's factories.
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Source: https://www.toutiao.com/article/7489282373826953763/
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