Taiwan Semiconductor Manufacturing has pitched Nvidia and rival chip designers Advanced Micro Devices and Broadcom the idea of taking stakes in a joint venture to operate Intel’s chip-fabrication operations,

Taiwanese chip giant TSMC is reportedly encouraging other firms, including Nvidia, AMD and Broadcom, to each take a stake in struggling U.S. tech giant Intel's chipmaking business, sources familiar with internal talks tell Reuters.

Together, we will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” Tan said in a letter to Intel employees on Wednesday.