TSMC Refutes Talks with Intel on Chip Manufacturing Partnership

In response to circulating reports, TSMC has firmly dismissed any claims of ongoing negotiations with Intel regarding a partnership for chip manufacturing.

C.C. Wei, CEO of TSMC, clarified during the company's earnings call for the first quarter, stating unequivocally that TSMC is not involved in discussions with any companies about forming joint ventures, licensing technology, or any other similar agreements, refuting speculation of a collaboration with Intel.

Earlier reports this month suggested that Intel and TSMC were exploring the possibility of a joint venture. According to an article by The Information on April 3, the prospective deal involved TSMC acquiring a 21% share in Intel's chip facilities.

When approached by CNBC following Wei's definitive statements, Intel was unavailable for immediate comment. Prior to this, Intel had already indicated to CNBC that it does not respond to market rumors regarding any reported negotiations.

This denial arrives amid President Donald Trump's efforts to correct international trade inequities and encourage domestic manufacturing in the United States via tariffs. The recent actions by the Department of Commerce may usher in new tariffs affecting the semiconductor industry.

TSMC showcased robust performance in the first quarter, with profits exceeding expectations due to increased demand for AI-related chips. However, the firm faces challenges from U.S. tariffs, particularly those aimed at Taiwan, which might affect key clients like Nvidia and AMD.