Intel (INTC -11.21%) stock investors have much to digest this week as tariffs increase economic uncertainty.
Shares of Intel (INTC -11.68%) are tumbling on Thursday. The chipmaker's stock lost 10.8% as of 1:40 p.m.
Intel Corp (NASDAQ:INTC, ETR:INL) and Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM) (TSMC) have reportedly reached a preliminary agreement to form a joint venture (JV) that may mark a turning point in Intel's ambitious foundry strategy, analysts at UBS believe. Per media reports, TSMC would acquire its 20% stake through the contribution of technology and personnel, versus capital investment.
Intel (INTC) initially soared after The Information reported it and TSMC (TSM) joined a tentative agreement to build their own chipmaking venture. Jenny Horne points to one overhang: Trump's tariffs.
Jenny Horne details the reported agreement between Intel (INTC) and TSMC (TSM) to start a new joint venture to take over control of INTC manufacturing facilities. The report originated from The Information and says TSMC will take a 20% stake in the JV.
Intel Corporation NASDAQ: INTC is at a critical juncture in its multi-year turnaround strategy. The appointment of CEO Lip-Bu Tan led to an initial stock surge, which has since subsided, with shares trading near $21.35 in early April.
In this video, I will talk about recent updates regarding Intel (INTC 2.30%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Intel and Taiwan Semiconductor have preliminarily agreed on a joint venture to operate some of Intel's foundries. Intel would maintain a significant stake, while TSMC would get a 20% stake in exchange for training and sharing expertise. While many details remain uncertain, this arrangement has potential benefits for both companies.
Semiconductor giants Intel and TSMC are reportedly teaming up.
INTC appears to be treading in the middle of the road and investors could be better off if they exercise caution and stay invested for long-term gains.
Intel's new CEO, Lip-Bu Tan, is clear-eyed about the chipmaker's many problems and the tough road ahead as he engineers a turnaround to revive this legendary Silicon Valley company.
In today's video, I discuss Intel (INTC -2.91%) and recent updates investors should know. To learn more, check out the short video, consider subscribing, and click the special offer link below.