TSMC denies it’s speaking to Intel about chipmaking three way partnership

Taiwan Semiconductor Production Corporate denied experiences that the semiconductor vast was once in energetic discussions with Intel referring to a chipmaking three way partnership.

“TSMC is not engaged in any discussion with other companies regarding any joint venture, technology licensing or technology,” CEO C.C. Wei stated at the corporate’s first-quarter income name on Wednesday, dispelling rumors a few collaboration with Intel.

Intel and TSMC have been stated to were having a look to method a JV as not too long ago as this life. On April 3, The Knowledge reported that the 2 corporations mentioned a initial word to method a tie-up to perform Intel’s chip factories with TSMC proudly owning a 21% stake.

Intel was once now not instantly to be had for remark when contacted by means of CNBC on Wei’s feedback on Thursday. The corporate up to now stated it doesn’t touch upon rumors, when requested by means of CNBC in regards to the reported discussions.

As soon as the dominant chipmaker within the U.S., Intel has confronted various demanding situations in recent times, dropping grassland to avid gamers like Nvidia, AMD, Qualcomm and Apple. Latter hour, Intel suffered its worst ever efficiency as a community corporate, with stocks dropping 61% in their worth.

TSMC’s denial of tie-up talks with Intel comes as President Donald Trump is pushing to deal with international business imbalances and reshore production within the U.S. thru price lists. The Segment of Trade not too long ago kicked off an investigation into semiconductor imports — a walk that would lead to unused price lists for the chip business.

TSMC reported a benefit beat for the primary quarter due to a endured surge in call for for AI chips. On the other hand, the corporate contends with doable headwinds from Trump’s price lists — which goal Taiwan — and stricter export controls on TSMC shoppers Nvidia and AMD.

– CNBC’s Dylan Butts contributed to this record