Intel's U.S. stock surged over 12% in after-hours trading, currently up over 9%. It is reported that Intel has approached Taiwan Semiconductor seeking investment or cooperation
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Intel's U.S. stock rose more than 12% at one point in after-hours trading and is currently up over 9%. According to The Wall Street Journal, the Trump administration plans to restrict overseas chip imports. Chip manufacturer Intel has reached out to Taiwan Semiconductor to discuss investment or cooperation in the manufacturing sector. Previously, Intel also negotiated with Apple to seek investment. Intel had discussed forming a joint venture with Taiwan Semiconductor but is at a disadvantage in competition with rivals such as NVIDIA and AMD. The CEO of Intel is working to bring in partners to turn the situation around
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