TSMC has officially denied rumors of a joint venture with Intel to produce chips in the US. CEO C.C. Wei emphasized that there are no discussions or collaborations in progress. This denial comes at a challenging time for Intel, which has suffered significant setbacks, including a staggering 61% loss in share value last year. A partnership with TSMC was seen as a potential opportunity to boost Intel's production capacity amidst increasing concerns about domestic chip manufacturing and national security.
TSMC is not involved in any discussions with other companies regarding a joint venture, technology license or technology.
Last year, Intel had its worst performance ever as a publicly traded company, with its shares losing 61 percent of their value.
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