TSMC Denies Intel Joint Venture Reports Amid Arizona Expansion Plans

TSMC has firmly denied reports that it is in talks with Intel about a joint venture or technology sharing, with CEO C.C. Wei stating the company is not engaged in any such discussions. The rumors had suggested a potential partnership, possibly influenced by U.S. government efforts to bolster domestic semiconductor manufacturing and address Intel’s recent struggles. Despite the speculation, Intel declined to comment, and TSMC’s leadership reiterated its independence during their latest earnings call. Meanwhile, TSMC continues to expand its U.S. operations with significant investments in advanced chip manufacturing facilities in Arizona, aiming to address rising AI chip demand from major tech clients. The company reported strong financial results, projecting continued growth despite challenges from new tariffs and international regulatory hurdles. News of TSMC’s denial impacted Intel’s stock, which saw a decline following the announcement.