A White House official told Reuters on Friday that President Trump’s administration might not support Intel’s US chip factories being operated by a foreign entity after Bloomberg reported that TSMC was considering taking a controlling stake in Intel’s factories at Trump’s request.
The White House official said the Trump administration supported foreign companies investing and building in the US but was “unlikely” to support a foreign firm operating Intel’s factories.
Bloomberg reported that Trump’s team raised the idea of a deal between the two firms in recent meetings with officials from TSMC who were receptive, citing a person familiar with the matter.