Intel and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly in advanced talks to establish a joint venture (JV) focused on operating Intel’s domestic production facilities in the United States. TSMC is expected to hold a minority 20% stake, while Intel, along with other US chipmakers, will control the majority.
This collaboration is designed to allow TSMC to share some of its advanced manufacturing techniques with Intel, in exchange for the minority share. Bloomberg first reported the deal, which comes as TSMC seeks to expand its footprint in the US semiconductor market.
The JV also reflects the broader trend of major chipmakers seeking mutual investments to enhance domestic chip production amid growing geopolitical and supply chain concerns. Earlier this year, TSMC invited other key players in the semiconductor industry, including Nvidia, AMD, and Broadcom, to acquire stakes in the venture, Reuters noted.
In September 2024, TSMC had considered acquiring Intel’s foundry business, as part of a cost-reduction strategy. Additionally, Intel made headlines in August 2024 when it sold its stake in UK chip design company Arm for $147 million.
Intel has also undergone leadership changes, naming former board member Lip-Bu Tan as its new CEO in March 2025, following the departure of long-time CEO Pat Gelsinger.
This JV could mark a significant shift in the US semiconductor landscape, with the potential to reshape global chip manufacturing dynamics.
