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New CEO May Block Intel Split, TSMC's Plan For JV To Run Fabs
TSMC proposed setting up a firm with design giants like Nvidia to run Intel's chip fabs, but the US firm's new CEO has told employees he wouldn't split the group up
The selection of Lip-Bu Tan was lauded by Wall Street analysts on Thursday, who said it brought “instant credibility” that should help restore investor confidence and support Intel’s efforts to become a major contract chipmaker. “Tan in as CEO at Intel was as good as stakeholders could have hoped for,” said TD Cowen analysts, noting that he has “deep relationships” across the chip ecosystem that could draw customers to the company’s contract manufacturing business. The sources said TSMC’s joint venture pitch was made to potential backers before the Taiwanese chipmaker announced with Trump on March 3 that the company planned to make a fresh$100 billion investment in the United States that involves building five additional chip facilities there in coming years.
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