Intel is emphasizing that its 18A chip production will occur in North America as President Trump prepares to tariff foreign-made semiconductors.

Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese rival.

A rumored joint venture between Intel Corp. and its biggest rival, Taiwan Semiconductor Manufacturing Co. TSM, could pose more potential problems than it may be worth, while the U.S. chip giant could actually be fine without it,

To push the tech industry to migrate chip manufacturing to the US, Trump has threatened to impose tariffs as high as 100% on all foreign-made processors.

It's a big win for Trump's team, who worked hard to resuscitate Gabbard's nomination when it faltered earlier this year.

President Donald Trump's administration may not support Intel's U.S. chip factories being operated by a foreign entity, a White House official told Reuters.

Shares of Intel Corp. were surging on Tuesday after Vice President J.D. Vance made bullish comments about semiconductor manufacturing in the U.S. at an artificial-intelligence summit in Paris.

Trump's team raised the idea of a deal between the two companies in recent meetings with officials from TSMC, and the Taiwanese company was receptive, Bloomberg reported, citing a person familiar with the matter.

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"A horrible, demoralizing mistake." So said Joseph Bonetti, Principal Engineering Program Manager at Intel Corporation, on Linkedin earlier this week in response to rumours that TSMC might be in talks to take control of Intel's chip-manufacturing fabs.

Taiwanese contract manufacturer TSMC is considering taking a controlling stake in chipmaker Intel's factories at the request of Trump, per Bloomberg.

Taiwan Semiconductor Manufacturing Co. is considering taking a controlling stake in Intel Corp.’s factories at the request of Trump administration officials, a person familiar with the matter said, as the president looks to boost American manufacturing and maintain US leadership in critical technologies.