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Intel’s golden era seems to have ended, and now, its rivals Taiwan Semiconductor Manufacturing Co. (TSMC) and Broadcom are circling the company’s carcass, both eyeing potential deals that would essentially split the U.S. chipmaking icon in two.  TSMC is considering taking over and operating some or all of Intel’s US factories, a proposal initiated by a member of the Trump administration to alleviate Intel’s financial struggles.  Broadcom has also been closely monitoring Intel’s chip design and marketing business. According to reports, the company had discussed a potential bid with its advisers, but it needs a partner for Intel’s manufacturing business to progress its plans.  Intel’s fate critical to national security  While Broadcom and TSMC have both expressed interest in Intel, they are not working together, and all the talks up until now have been preliminary and largely informal, according to reports.  Intel’s interim executive chairman, Frank Yeary, has taken the lead on the discussions happening between possible suitors and Trump administration officials, who are closely monitoring the situation. The administration is invested in the fate of Intel, an industrial giant considered a critical asset to national security.  Yeary has reportedly been telling individuals close to him that his priority is to maximize value for Intel shareholders. On Friday, a White House official told Reuters that President Donald Trump’s administration might not get behind Intel’s U.S. chip factories falling into a foreign entity’s hands after reports that TSMC was considering a controlling stake in Intel’s factories at Trump’s request. According to the White House official, while Trump’s administration supports foreign companies investing and building in the U.S., it is “unlikely” it will support a foreign firm operating Intel’s factories. After all, the U.S. government has spent billions to shore up its own chipmaking capabilities, and giving TSMC control of Intel’s plants…

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Filed under: News - @ February 16, 2025 11:15 am