Hello, tech enthusiasts and gadget lovers! Big news is brewing in the semiconductor world.

Intel and TSMC, two colossal names in the industry, are reportedly teaming up to create a joint chipmaking venture. This partnership is poised to operate Intel’s chip facilities, enhancing their manufacturing capabilities.

According to sources, TSMC will hold a 20% stake in this new venture. Rather than investing funds, TSMC plans to share its expertise by training Intel’s staff in advanced chipmaking techniques.

This strategic collaboration follows increasing concerns regarding Intel’s performance and the threat of job cuts amid economic pressures. It was the Trump administration’s push for Intel’s revival that reportedly sparked these negotiations.

Interestingly, this development arrives shortly after Lip-Bu Tan was welcomed as Intel’s new CEO. His leadership comes at a pivotal time when the company is exploring significant shifts in its operations.

As of now, TSMC has chosen not to comment, and TechCrunch has reached out to Intel for insights. Stay tuned for more updates on this exciting venture!