Intel is actively pursuing new investment and manufacturing alliances with firms such as Apple and Taiwan Semiconductor Manufacturing Co. (TSMC) to strengthen its turnaround plans. The U.S. government recently acquired a 10% stake in Intel and is pressing other tech companies to work with the chipmaker.
SoftBank has already committed $2 billion and Nvidia $5 billion, while CEO Lip-Bu Tan has been aggressively campaigning to secure both financing and customer commitments. Intel’s outreach to potential partners began before President Trump showed interest last month but has accelerated since Washington’s stake was announced, according to people familiar with the matter.
Info comes via the Wall Street Journal (gated).
