(Reuters) -Taiwanese contract manufacturer TSMC is considering taking a controlling stake in chipmaker Intel’s factories at the request of U.S. President Donald Trump’s officials, Bloomberg News reported on Friday.
Trump’s team raised the idea of a deal between the two companies in recent meetings with officials from TSMC, and the Taiwanese company was receptive, Bloomberg reported, citing a person familiar with the matter.
It is unclear whether Intel is open to a transaction, according to the report.
The talks are in very early stages, and the exact structure of a potential partnership has not been established, but the intended result would have TSMC fully operating Intel’s U.S. semiconductor factories, according to the report.
TSMC declined to comment.
(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Anil D’Silva)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.