Taiwan Semiconductor Manufacturing (TSM) is exploring a joint venture with American chip giants such as Nvidia, AMD, and Qualcomm to acquire Intel's foundry business amid Intel's significant financial struggles. With Intel's foundry division suffering immense losses, this deal could greatly impact the U.S. semiconductor landscape. TSM is limiting its investment to 50% to ensure U.S. control, aligning with national initiatives to strengthen domestic manufacturing. Intel's recent financial woes, including a $7 billion loss in 2023 and an anticipated $13.4 billion loss in 2024, have prompted this urgent move.
Taiwan Semiconductor Manufacturing is reportedly rounding up partners for a joint venture to acquire Intel's foundry business, aiming to reshape the semiconductor landscape.
Intel's foundry division, launched under former CEO Pat Gelsinger's IDM 2.0 vision, has incurred significant losses, contributing to Intel's first net loss since 1986.
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