BUZZ-Intel shares reverse course after report of joint venture

Reuters

2025/04/04

** Shares of Intel Corp INTC.O reverse course, last up ~4.3% at $22.9

** Executives from Intel and Taiwan Semiconductor Manufacturing 2330.TW recently reached preliminary agreement to form joint venture to operate Intel’s chip-making facilities, the Information reported on Thursday, citing two people involved in some of the discussions

** TSMC will take a 20% stake in new company, report added

** Including session's moves, stock up ~5.2% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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