Intel set to form new partnership with TSMC
Intel and Taiwan Semiconductor Manufacturing Co.Ltd will be announcing a " strategic partnership" at a US event on Monday.
The press who have been invited to attend report that TSMC representatives will include chief executive Rick Tsai and the vice president of sales and marketing, Jason Chen, while Intel's will include Ultra Mobility Group general manager, Anand Chandrasekher and chief executive of sales and marketing officer, Sean Maloney. Media reports are speculating on the type of collaboration the two giant chip manufacturers will announce.
Until now Intel has mainly manufactured its own chips while many of Intel's competitors have outsourced the work to TSMC. But with the economic downturn, Intel has had a difficult start to the year, cutting prices on chips, closing four chip plants and cutting headcount by around 6000 jobs, and the new partnership could be in the form of a chip manufacturing outsourcing agreement.
