Taiwan Semiconductor Mfg. Co. Ltd. TSM has reportedly approached U.S. chip designers Nvidia Corp. NVDA, Advanced Micro Devices AMD and Broadcom Inc. AVGO to invest in a joint venture (JV).
What Happened: With the joint venture, TSMC aims to operate Intel Corp.’s INTC factories, according to a report by Reuters.
The proposal suggests that the Taiwanese chipmaker would manage Intel’s foundry division, which customizes chips for clients, but would not own more than 50%, according to…
