As per the report, multiple sources have confirmed that Qualcomm has also been approached by TSMC with this joint venture proposal. If things go as planned, this joint venture would see TSMC taking on the operational responsibilities of Intel's foundry business, while remaining a minority stakeholder, the report adds. Intel's foundry division specialises in manufacturing chips designed to meet the specific requirements of various clients.
According to the report, the proposal for TSMC to partner with US chip designers for an Intel foundry joint venture is in its early stages and originated from a request by the Trump administration for TSMC to assist the struggling US chip icon.