Intel and TSMC sign agreement for a joint venture to operate Intel's US semiconductor fabs

Intel and TSMC have reportedly reached a preliminary agreement for a chipmaking joint venture, where TSMC will run Intel's expanding US-based semiconductor fabs.

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In a new report from The Information, we're learning that executives from Intel and TSMC reached a preliminary agreement to form a joint venture that would see TSMC running Intel's manufacturing plants. Intel and other US chipmakers will hold the majority of stock in the joint venture, which includes at least some of Intel's factories. TSMC will reportedly take a 20% stake in the new company, with both Intel and TSMC declining to comment.

It was only last month in March 2025 that we were hearing reports that TSMC had reached a joint venture foundry idea with US chip designers including NVIDIA, AMD, Broadcom, and Qualcomm.

• Read more: TSMC pitches an Intel Foundry joint venture idea to NVIDIA, AMD, Broadcom, Qualcomm

At the time, Reuters said that details of the plan for TSMC to take "no more than a 50% stake and its overtures to potential partners are being reported for the first time. Any final deal -- the value of which is unclear -- would need approval from the Trump administration, which does not want Intel or its foundry division to be fully foreign-owned".

TSMC recently announced alongside President Trump that the company would be investing a further $100 billion into its US operations, and now we have a huge joint venture that will see the semiconductor leader will assist Intel with on US soil. We'll hopefully have (many) more details on this new joint venture in the coming days and weeks.