Intel’s stock price is on the rise as investors see a glimmer of hope for a rescue. According to Reuters, Taiwan Semiconductor Manufacturing Co. (TSMC) has approached several major semiconductor companies, including Nvidia and Broadcom, about forming a joint venture with Intel.
The proposed arrangement would involve TSMC taking a partial stake in Intel’s struggling foundry business, but the deal faces some significant hurdles. The agreement would limit TSMC’s ownership to less than half of the business, while other companies, such as Qualcomm, may also be involved.
This development is seen as a potential lifeline for investors and could help stabilize Intel’s finances. However, details about the proposed joint venture are still scarce, and its success is uncertain at this point.
Source: https://www.marketwatch.com/story/intels-stock-is-climbing-heres-the-latest-hope-for-a-rescue-95b484b8