Intel Stock Drops. TSMC Takeover of Foundry Looks Less Likely After Nvidia CEO's Comments. -- Barrons.com

Dow Jones2025-03-20

By Adam Clark

Intel stock was falling again on Thursday following comments by Nvidia CEO Jensen Huang that made it seem less likely a consortium of other chip companies will take over its semiconductor-manufacturing operations.

Intel shares were down 1.1% at $23.86 in premarket trading, having dropped 6.9% the previous day.

That has put a dent in Intel's sharp rally since the appointment of new Chief Executive Lip-Bu Tan last week. The biggest issue facing the CEO is how to deal with Intel's loss-making chip manufacturing, or foundry, operation.

One option is to spin out the business. Reports had previously suggested Taiwan Semiconductor Manufacturing, or TSMC, had approached U.S. chip companies including Nvidia and Broadcom about a joint venture to operate Intel's foundries. However, Nvidia's Huang said at a press conference on Wednesday that he hadn't been invited to any such talks.

That could damp hopes of an immediate cash infusion for Intel, although investors positive on the stock might be happy that it will retain control of its foundry operations. Intel has repeatedly said its 18A process is poised to give it a technological lead in chip manufacturing against TSMC as soon as this year.

Write to Adam Clark at adam.clark@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 20, 2025 09:00 ET (13:00 GMT)

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TSMC Takeover of Foundry Looks Less Likely After Nvidia CEO's Comments. -- Barrons.com","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Adam Clark \n</p>\n<p>\n  Intel stock was falling again on Thursday following comments by Nvidia CEO Jensen Huang that made it seem less likely a consortium of other chip companies will take over its semiconductor-manufacturing operations. \n</p>\n<p>\n     Intel shares were down 1.1% at $23.86 in premarket trading, having dropped 6.9% the previous day. \n</p>\n<p>\n     That has put a dent in Intel's sharp rally since the appointment of new Chief Executive Lip-Bu Tan last week. The biggest issue facing the CEO is how to deal with Intel's loss-making chip manufacturing, or foundry, operation. \n</p>\n<p>\n     One option is to spin out the business. Reports had previously suggested Taiwan Semiconductor Manufacturing, or TSMC, had approached U.S. chip companies including Nvidia and Broadcom about a joint venture to operate Intel's foundries. However, Nvidia's Huang said at a press conference on Wednesday that he hadn't been invited to any such talks. \n</p>\n<p>\n     That could damp hopes of an immediate cash infusion for Intel, although investors positive on the stock might be happy that it will retain control of its foundry operations. Intel has repeatedly said its 18A process is poised to give it a technological lead in chip manufacturing against TSMC as soon as this year. \n</p>\n<p>\n     Write to Adam Clark at adam.clark@barrons.com \n</p>\n<p>\n     This content was created by Barron's, which is operated by Dow Jones &amp; Co. 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TSMC Takeover of Foundry Looks Less Likely After Nvidia CEO's Comments. -- Barrons.com\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-20 21:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Adam Clark \n</p>\n<p>\n  Intel stock was falling again on Thursday following comments by Nvidia CEO Jensen Huang that made it seem less likely a consortium of other chip companies will take over its semiconductor-manufacturing operations. \n</p>\n<p>\n     Intel shares were down 1.1% at $23.86 in premarket trading, having dropped 6.9% the previous day. \n</p>\n<p>\n     That has put a dent in Intel's sharp rally since the appointment of new Chief Executive Lip-Bu Tan last week. 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The biggest issue facing the CEO is how to deal with Intel's loss-making chip manufacturing, or foundry, operation. \n\n\n     One option is to spin out the business. Reports had previously suggested Taiwan Semiconductor Manufacturing, or TSMC, had approached U.S. chip companies including Nvidia and Broadcom about a joint venture to operate Intel's foundries. However, Nvidia's Huang said at a press conference on Wednesday that he hadn't been invited to any such talks. \n\n\n     That could damp hopes of an immediate cash infusion for Intel, although investors positive on the stock might be happy that it will retain control of its foundry operations. Intel has repeatedly said its 18A process is poised to give it a technological lead in chip manufacturing against TSMC as soon as this year. \n\n\n     Write to Adam Clark at adam.clark@barrons.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 20, 2025 09:00 ET (13:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2520590234","isCrawlerRequest":true}