Taiwan Semiconductor denies discussions with Intel regarding investment or cooperation
Taiwan Semiconductor reiterated that the company has not engaged in any negotiations regarding potential investments or collaborations with any enterprises, refuting a previous report that Intel had approached Taiwan Semiconductor seeking investment or cooperation. The media cited a statement from Taiwan Semiconductor, emphasizing that the company has never discussed the formation of joint ventures, licensing, or technology transfer, which echoes Chairman Wei Zhejia's earlier remarks when asked about the possibility of collaboration with Intel. Last week, reports indicated that Intel had approached Taiwan Semiconductor to discuss investment or cooperation in the manufacturing sector. Following this news, Taiwan Semiconductor's American Depositary Receipts (ADR) fell in the U.S. stock market, as investors were concerned that such transactions could undermine customer trust and strengthen competitors. Additionally, analysts warned that collaborating with Intel could pose a risk of technology leakage for Taiwan Semiconductor. Meanwhile, Intel has received support from the U.S. government, Japan's SoftBank, and Nvidia, with its CEO Pat Gelsinger working to revitalize the struggling chip manufacturer
According to the Zhitong Finance APP, Taiwan Semiconductor (TSM.US) reiterated that the company has not engaged in any negotiations regarding potential investments or collaborations with any enterprises, and refuted a previous report claiming that Intel (INTC.US) had approached Taiwan Semiconductor seeking investment or collaboration.
The media cited a statement from Taiwan Semiconductor, emphasizing that the company has never discussed the formation of joint ventures, licensing, or technology transfer, which echoes Chairman Wei Zhejia's earlier remarks when asked about the possibility of collaboration with Intel.
Last week, reports indicated that Intel had approached Taiwan Semiconductor to discuss investment or collaboration matters in the manufacturing sector. Following the news, Taiwan Semiconductor's American Depositary Receipts (ADR) fell in the U.S. stock market, as investors were concerned that such a deal could undermine customer trust and strengthen competitors. Additionally, analysts warned that collaborating with Intel could pose a risk of technology leakage for Taiwan Semiconductor.
Meanwhile, Intel has received support from the U.S. government, Japan's SoftBank, and NVIDIA, as its CEO Pat Gelsinger is working to revitalize the struggling chip manufacturer
