NEW CEO MAY BLOCK INTEL SPLIT, TSMC'S PLAN FOR JV TO RUN FABS

Summary from the TLDR Founders newsletter

TSMC has proposed a joint venture with Nvidia, AMD, and Broadcom to operate Intel's chip foundries, following a request by former President Trump. The proposal, which faces potential challenges, would be contingent on approval from Intel's new CEO Lip-Bu Tan, who is committed to keeping Intel's design and manufacturing integrated. Tan's appointment has boosted investor confidence, although Intel's turnaround remains a significant challenge.