Taiwan Semiconductor Manufacturing Co. (TSMC) is discussing a possible joint venture with Nvidia, Advanced Micro Devices (AMD), Broadcom, and Qualcomm to operate Intel's chip-making factories.
Last month, TSMC was reported to be considering taking a controlling stake in Intel's manufacturing operations at the request of the Trump administration.
The joint venture proposal would have TSMC running the operations of Intel's foundry division, which manufactures chips, but would not give TSMC more than a 50 percent stake.
Any final deal would require approval from the Trump administration, which aims to avoid complete foreign ownership of Intel or its foundry division.