Chipmaker TSMC pitches Intel foundry operation plan

Intel board members have backed a deal and held negotiations with TSMC, while some executives are firmly opposed, according to two sources

Intel reported a 2024 net loss of $18.8bn (€17.9bn), its first since 1986, driven by large impairments.

Chipmaker TSMC has pitched chip designers Nvidia, Advanced Micro Devices (AMD), and Broadcom about taking stakes in a joint venture that would operate Intel's factories, according to four sources familiar with the matter.

Under the proposal, the Taiwanese giant would run the operations of Intel's fouChipndry division, which makes chips adapted for the needs of customers, but it would not own more than 50%, the sources said.