04:20 PM EDT, 04/03/2025 (MT Newswires) -- Intel ( INTC ) and Taiwan Semiconductor Manufacturing have a preliminary agreement to form a joint venture to run the US company's chipmaking facilities, The Information reported Thursday, citing two people with knowledge of the matter.

TSMC will share some chipmaking techniques with Intel ( INTC ) and train personnel in exchange for a 20% stake in the proposed venture, the report said.

Intel ( INTC ) and some US semiconductor firms will be majority shareholders in the new venture, which would include several Intel ( INTC ) chip foundries, the report said.

No final decision has been made, and two Intel ( INTC ) employees cited resistance within the company, partly amid concerns of potential layoffs, the report said.

The Trump administration initiated the negotiations to bolster Intel ( INTC ), and Commerce Department officials support the tentative deal, the report said.

Intel ( INTC ) and the Commerce Department didn't immediately respond to requests for comment from MT Newswires, and TSMC declined to comment.

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