(Reuters) – Executives from Intel and Taiwan Semiconductor Manufacturing Co recently reached a preliminary agreement to form a joint venture to operate the U.S. firm’s chipmaking facilities, the Information reported on Thursday, citing two people involved in some of the discussions.
TSMC will take a 20% stake in the new company, the report added.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Shinjini Ganguli)
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