Intel and TSMC JV: A Lifeline for the Struggling Chip Giant?

Intel and TSMC have reportedly reached a preliminary agreement to form a joint venture to operate Intel's US factories, with TSMC taking a 20% stake. This move could be a lifeline for Intel, which has struggled after missing the AI boom, suffering massive losses, and witnessing a significant stock price drop. Intel's previous attempts to manufacture chips for external clients faced challenges due to lagging customer service compared to TSMC, resulting in delays and failed tests. The success of this collaboration remains to be seen.