Desperate measures to save Intel: US reportedly forcing TSMC to buy 49% stake in Intel to secure tariff relief for Taiwan
Currently standing at 20%, the US trade tariff on #Taiwan is more than that of countries like Japan (15%).
The US have mandated #TSMC fulfill 2 conditions if Taiwan is to see any #tariff reduction:
1. Buy a 49% stake in Intel
2. Invest a further $400 billion in the US
TSMC is already investing a ton of money in the US, and is on its way to building two more fabs at its Arizona facility, with a total of $165 billion of planned investment in the US.
The US is trying to save #Intel from collapse (annual revenue freefall from $79 billion in 2021 to $53 billion in 2024), by forcing TSMC to inject some much-needed capital into the company and keep the US government's plans of a domestic #chip supply chain afloat.
Source:
https://www.notebookcheck.net/Desperate-measures-to-save-Intel-US-reportedly-forcing-TSMC-to-buy-49-stake-in-Intel-to-secure-tariff-relief-for-Taiwan.1079424.0.html