Intel Stock Slides as TSMC Denies Partnership Rumors
15
3
BTCCSquare news:
Intel shares dropped over 2% Monday after Taiwan Semiconductor Manufacturing Company (TSMC) refuted reports of potential collaboration. The Wall Street Journal had suggested Intel sought a joint venture with the chipmaking giant, but TSMC explicitly denied any such discussions occurred.
Market observers note TSMC's reluctance aligns with its strategic position—why partner with a struggling competitor when demand for its cutting-edge fabrication remains strong? Intel's declining market share in key sectors further diminishes its appeal as a potential ally in the semiconductor space.
By:
