Intel reached a preliminary deal with Taiwan Semiconductor Manufacturing to establish a joint venture. It would operate in the US-based chipmaker’s domestic production facilities.
TSMC will hold a 20% interest in the JV, with Intel and other US chipmakers owning a majority interest. The contract chipmaker is looking to share some manufacturing techniques with Intel in exchange for a minority stake.
In March, TSMC encouraged Nvidia, AMD, and Broadcom to acquire stakes in the planned venture. As part of a broader cost-cutting initiative, Intel first considered selling its foundry business to TSMC in September 2024. It sold its stake in UK chip design company Arm for about $147 million in August 2024.
The "Tools for Modern Times" project, conducted by Hrvatski Telekom in collaboration with the University of Zagreb's Faculty of Education and Rehabilitation (ERF), was awarded the best in the "Telecommunications" category at the SABRE Awards EMEA 2025 in London.