TSMC Proposes Joint Venture with Nvidia, AMD, and Broadcom for I

TSMC (TSM, Financial) has proposed to Nvidia (NVDA), AMD (AMD), and Broadcom (AVGO) the creation of a joint venture aimed at operating Intel’s (INTC) manufacturing facility. Under this proposal, TSMC would manage the operations of Intel’s custom chip production department, ensuring that chips are tailored to client specifications. It is noted that TSMC’s stake in this joint venture would remain below 50%.

Currently, discussions are in the preliminary stages, and any final agreement would…