
TSMC Denies Helping Intel To Set Up "US Facilities"; Semiconductor Rivalry Heating Up
TSMC has denied its involvement in sorting out Intel's "foundry matters," claiming that such rumors are only a "mere misunderstanding."

TSMC has reportedly denied its involvement in sorting out Intel's "foundry matters," claiming that such rumors are only a "mere misunderstanding."
TSMC Refutes Statements Made By Its US Chairman, Says That Such Rumors Are Just Misunderstanding
It looks like the Taiwan giant isn't comfortable giving Intel a "helping hand" despite rumors suggesting something is happening behind the scenes. For those unaware, in an interview with CNBC, TSMC's US Chairman Rick Cassidy disclosed that the Taiwan giant apparently meets with Intel every week to guide them in setting up facilities in the US. Cassidy further disclosed that the firm is helping Team Blue with "advanced process" manufacturing.But now, TSMC has clarified (via ChinaTimes) that they aren't assisting Intel's employees by any means, except for discussions on production design, taking a U-turn from Cassidy's statement. The Taiwan giant claims that Cassidy's statement is simply a misunderstanding and that TSMC isn't involved in setting up Team Blue's US facilities in any way. It certainly seems like TSMC seems to regard its affiliation with competitor as something not to be taken lightly, and given the arch competition in the semiconductor business, it does make sense.

TSMC-Intel relations did see a bit of a fallout, which initially started back in 2021 when Intel's former CEO Pat Gelsinger said that the world needs to rely on a more "balanced supply chain" source, referring to the geopolitical tensions present in Taiwan, and how it can impact TSMC as a business. This caused Intel to lose a 40% discount on TSMC's 3nm production, and responses started to come from TSMC's side, which showed that both companies saw a disruption in their partnership.
The "US semiconductor" markets are the next big spotlight for companies like TSMC and Intel, and despite the latter firm being a much larger recipient of the US CHIPS Act, they have been unable to deliver on expectations. For TSMC, well, their Arizona facility looks to be in good shape regarding the progress made relative to Intel, which is why it won't be wrong to say that the tides are turning in TSMC's favor. With the Trump administration, it will be interesting to see how TSMC-US ambitions pan out.