INTC Investing.com -- Taiwan Semiconductor Manufacturing Co., also known as TSMC (NYSE:TSM), is contemplating acquiring a majority stake in Intel Corp (NASDAQ:INTC).'s factories, according to a Friday report by Bloomberg. This consideration comes following a request from Trump administration officials, who are aiming to reinforce American manufacturing and uphold US leadership in vital technologies.
INTC I hold no position. The US has reportedly provided TSMC with alternatives on how the company will proceed with its business in the nation, including co-existing with Intel as a foundry business.