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Intel and TSMC agree to form chipmaking joint venture: Report
No smoke without fire?
This arrangement was reportedly influenced by the U.S. government, specifically the White House and Department of Commerce, as part of efforts to address ongoing operational difficulties at Intel. At the same time, the current U.S. government will not support sales of Intel's fabs to a foreign investor, especially TSMC. Intel's stock price increased nearly 7% after the report surfaced, which helped the company to recover after a drop of market capitalization caused by the new import tariffs that will be implemented by the U.S. By contrast, shares of TSMC traded in the U.S. dropped by about 6%, highlighting differing investor reactions to the deal.
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