By Reuters
Copyright reuters
Sept 25 (Reuters) – Chipmaker Intel (INTC.O), opens new tab has approached Taiwan Semiconductor Manufacturing Company (2330.TW), opens new tab about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The development follows a Bloomberg report on Wednesday that said Intel was in talks with Apple (AAPL.O), opens new tab about securing an investment in the struggling chipmaker.
Intel’s efforts to get outside investment began before U.S. President Donald Trump showed an interest in the company last month, WSJ said, but have gone into overdrive since the U.S. took a 10% stake in it.
Advertisement · Scroll to continue
Both Intel and TSMC declined to comment on the report.
Last week, Nvidia (NVDA.O), opens new tab announced it would invest $5 billion in Intel for a roughly 4% stake in the company.
The chipmaker also got a $2 billion capital injection from SoftBank Group in August.
Intel CEO Lip-Bu Tan has been trying to bring in partners as part of a turnaround at the ailing chipmaker.
Once the chip industry’s flag bearer that claimed to put the “silicon” in Silicon Valley, Intel has struggled to compete in the booming AI race, falling behind peers such as Nvidia and Advanced Micro Devices (AMD.O), opens new tab.
Intel has invested billions of dollars in setting up a contract manufacturing business that has struggled to compete with TSMC and barely attracted external customers.
Advertisement · Scroll to continue
The two companies had discussed a preliminary agreement to form a joint venture, with TSMC taking a 20% stake in the new company, the Information had reported in April.
Ad Break Coming Up
NEXT StayNext
OffEnglish
180p288p360p480p540p576p720pHD1080pHDAuto (180p)
About ConnatixV2063028924
About ConnatixV2063028924
Continue watchingafter the adVisit Advertiser websiteGO TO PAGE
Reporting by Aishwarya Jain in Bengaluru and Juby Babu in Mexico City; Editing by Shinjini Ganguli
Purchase Licensing Rights
