Musk hints TSMC may join his mega chip venture, and Intel’s stock is taking a hit
Intel shares are taking a hit on Monday after a report that TSMC may help with Elon Musk’s Terafab factory.
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# Intel Stock Drops as TSMC Reportedly Considers Joining Musk's Terafab Chip Venture Intel's stock price declined Monday following reports that Taiwan Semiconductor Manufacturing Company (TSMC) could partner with Elon Musk's Terafab mega chip factory project, potentially positioning a major competitor to strengthen Musk's manufacturing ambitions. The news signals a potential shift in the chip manufacturing landscape that threatens Intel's market position, as TSMC's involvement would bring world-class semiconductor fabrication expertise to a rival venture.
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