The talks are still in their early stages, hence TSMC would only own a 50% share in the business. Originally supported by the Trump administration, the plan followed a request fro

The fact that Taiwan Semiconductor (NYSE:TSM) is still reportedly sniffing around a joint venture to run Intel's (NASDAQ:INTC) foundries — even after announcing a $100B U.S. investment this month — is still the "best option" for Intel,

Taiwan Semiconductor Manufacturing Company (TSMC) is planning a major move. The chipmaker is reportedly proposing a joint venture with Nvidia, Advanced Micro Devices (AMD), and Broadcom (AVGO) to operate Intel’s semiconductor foundries, according to Reuters.

The joint venture pitch has industry insiders up next believing it could represent a turning point for Intel, to help revive its manufacturing business. The proposal also suggests an intelligent and responsible approach to taking advantage of strategic partnerships in the midst of ongoing difficulties in the market.

There’s growing chatter in the semiconductor world about a possible joint venture that might change the game for Intel Foundry. TSMC is leading the conversation, talking with Nvidia, AMD, and Broadcom about joining forces to run Intel’s manufacturing facilities.