Trump may not support foreign firm TSMC operating Intel's US factories -White House official says
Source: Reuters
Trump may not support foreign firm operating Intel's US factories -White House official says
Arsheeya Bajwa
Fri, February 14, 2025 at 2:10 PM EST 4 min read
(Reuters) -President Donald Trump's administration may not support Intel's U.S. chip factories being operated by a foreign entity, a White House official told Reuters.
The comment was in response to a Bloomberg report that Taiwan's TSMC, the world's biggest chipmaker, was considering taking a controlling stake in Intel's factories at Trump's request.
The White House official said the Trump administration supports foreign companies investing and building in the U.S. but is "unlikely" to support a foreign firm operating Intel's factories.
Earlier, Bloomberg had reported that Trump's team raised the idea of a deal between the two firms in recent meetings with officials from TSMC, and that they were receptive, citing a person familiar with the matter.
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Read more: https://finance.yahoo.com/news/tsmc-considering-running-intels-us-191016517.html