Jakarta - The two global semiconductor giants, Intel and TSMC, are reportedly preparing to form a joint venture to operate Intel's chip manufacturing facilities.
As reported by TechCrunch, Thursday (3/4), it was reported that the two had made a temporary agreement with TSMC sharing 20 percent of its shares while the rest belonged to Intel.
Instead of funding its stake with capital, TSMC will share some of its chipmaking practices with Intel employees and train them.
The news was first reported by The Information and it is said that the development comes less than a month after investor and entrepreneur Lip-Bu Tan was named CEO of Intel.
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