TSMC is reportedly interested in an Intel factory deal.
The company is weighing taking a controlling stake in partnership and considering operating US Inte factories after a request from US Pres. Trump.
Other tech firms may also take a stake in possible deal.
Intel is currently without a CEO after the former CEO Pat Gelsinger was ousting back in December. At the time Frank Yeary, Intel Board chair said that “We are working to create a leaner, simpler, more agile Intel,”.
A deal like this would be a simpler, more agile Intel.
Shares of Intel traded as high as $25.19 shortly after the open today, but then fell to a low of $22.86. The price spiked to $24.50 on the news headlines but has since moved down to $23.73 currently.
Both Intel and TSMC are building new fabs in Arizona funded in part from the Chips Act.
This article was written by Greg Michalowski at www.forexlive.com.
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