Intel and TSMC Forge Joint Chipmaking Venture

• Intel and TSMC have reportedly agreed to create a joint venture for chipmaking.
• TSMC will take a 20% stake in the venture, offering expertise instead of capital.
• The Trump administration initiated the discussions to aid Intel's turnaround.
• Intel's new CEO, Lip-Bu Tan, is pushing for significant changes at the company.
• TSMC declined to comment, and Intel has yet to respond to inquiries.

Source: TechCrunch