TSMC and Intel have reached a preliminary deal where TSMC will help operate Intel’s chip facilities and own a 20% stake in a new joint venture. The agreement, influenced by U.S. efforts to revitalize domestic chip production, may involve TSMC sharing manufacturing techniques and training Intel staff. While still in early stages, the move marks a surprising partnership between long-time rivals, driven by Intel’s mounting losses and TSMC’s industry dominance.
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