Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated that the company has not entered discussions with any company about potential investments or partnerships amid ongoing rumors of ailing Intel Corp seeking TSMC’s participation.
In a statement, TSMC, the world’s largest contract chipmaker, dismissed a report by the Wall Street Journal, saying that Intel had approached TSMC soliciting investment in Intel’s manufacturing operations or a partnership.
The company said it has never entered into talks with any company on establishing a joint venture or engaging in the licensing or transfer of technology.
Photo: I-Hwa Cheng, AFP
That stance was similar to previous statements made by TSMC chairman C.C. Wei (魏哲家) on several occasions when asked about a potential partnership with Intel.
Rumors about TSMC’s possible acquisition of a stake in Intel have been circulating for months.
After the Wall Street Journal report surfaced, TSMC’s American depositary receipts (ADRs) fell 1.44 percent overnight in the US, caused by fears that the Taiwanese chipmaker could lose the trust of its clients and see a fall in orders if it were to work with Intel, analysts said.
TSMC’s investments in Intel could help the US company improve its technology, which would create a stronger competitor for TSMC, while a partnership could result in technology leaks from the Taiwan side, analysts said.
Intel, which has been unable to keep up with TSMC on semiconductor manufacturing technologies, has secured investment from the US government, Japan’s Softbank Group and California-headquartered Nvidia Corp to support Intel CEO Lip-Bu Tan’s (陳立武) bid to turn around the ailing chipmaker.
After the US government took a 10 percent stake in Intel, the US chipmaker last month received US$2 billion in investment from Softbank and then a US$5 billion pledge last week from Nvidia.
Sweeping policy changes under US Secretary of Health and Human Services Robert F. Kennedy Jr are having a chilling effect on vaccine makers as anti-vaccine rhetoric has turned into concrete changes in inoculation schedules and recommendations, investors and executives said. The administration of US President Donald Trump has in the past year upended vaccine recommendations, with the country last month ending its longstanding guidance that all children receive inoculations against flu, hepatitis A and other diseases. The unprecedented changes have led to diminished vaccine usage, hurt the investment case for some biotechs, and created a drag that would likely dent revenues and
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