Sept 25 (Reuters) - Chipmaker Intel has
approached Taiwan Semiconductor Manufacturing Company ( TSM )
about investments in manufacturing or partnerships, the Wall
Street Journal reported on Thursday, citing people familiar with
the matter.
The development follows a Bloomberg report on Wednesday that
said Intel ( INTC ) was in talks with Apple ( AAPL ) about securing an
investment in the struggling chipmaker.
Intel's ( INTC ) efforts to get outside investment began before U.S.
President Donald Trump showed an interest in the company last
month, WSJ said, but have gone into overdrive since the U.S.
took a 10% stake in it.
Intel ( INTC ) declined to comment, while TSMC did not immediately
respond to Reuters requests for comments.
Last week, Nvidia ( NVDA ) announced it would invest $5
billion in Intel ( INTC ) for a roughly 4% stake in the company.
The chipmaker also got a $2 billion capital injection from
SoftBank Group in August.
Intel ( INTC ) CEO Lip-Bu Tan has been trying to bring in partners as
part of a turnaround at the ailing chipmaker.
Once the chip industry's flag bearer that claimed to put the
"silicon" in Silicon Valley, Intel ( INTC ) has struggled to compete in
the booming AI race, falling behind peers such as Nvidia ( NVDA ) and
Advanced Micro Devices ( AMD ).
Intel ( INTC ) has invested billions of dollars in setting up a
contract manufacturing business that has struggled to compete
with TSMC and barely attracted external customers.
The two companies had discussed a preliminary agreement to
form a joint venture, with TSMC taking a 20% stake in the new
company, the Information had reported in April.