By coinnews 
00:00 Speaker A
Another training ticker we’re watching today, Intel. Shares continue to drop this morning, down nearly 2% after a Time on Semiconductor board member denied reports of a consortium to buy Intel’s US Foundry business. According to Reuters report last week, Nvidia, TSMC, AMD, Broadcom, and Qualcomm, all potentially considering the purchase of Intel’s chipmaking facilities. Nvidia CEO Jensen Huang also saying he is not aware of any conversations about the potential deal. Now, this is really interesting. So the minister of Taiwan’s National Development Council, he’s also TSMC board member. He said that he could state with certainty that the TSMC board said that the TSMC board has never discussed a collaboration with TSMC and Intel according to a report from Taiwan News Agency here. So this is really interesting because we had a previous report from the news outlet that TSMC had pitched all those companies I just mentioned about taking stakes in a JV to operate Intel’s factories. That led to a huge pop in Intel stock. Now, of course, you have Intel selling off. It was down 6% as of the close yesterday. Still down this morning here. I should note that year-to-date, Intel has still been on a tear. It’s up about 29%.
01:51 Speaker B
I mean a rebound though that we’ve been watching for shares of INTC. And you mentioned some great points within that, especially in the he said, she said of this all. And one thing that really matters is how this would actually bring some of the chip fabrication process to a US entity. As you mentioned, the administration right now is really laser-focused on trying to bring back some of that to domestic production, knowing the reliance that we’ve had for years now on overseas, and especially in Taiwan Semiconductor. Now, Taiwan Semi for their own right, they’ve announced in tandem essentially with the Trump administration trying to make sure that they roll out the red carpet for any company that makes major and significant investments for Taiwan Semi. There’s actually some benefits if they do pursue this further because that keeps a lot of the production underneath of, at least, your oversight. And so with that in mind, as they’ve already been essentially the market leader in that foundry effort, it’s a larger consideration of, all right, how much of that market share would they retain if they were continuing to pursue this joint venture and have some oversight, have some sway within that versus if they did not and had to deploy those dollars that they promised to the administration elsewhere, and what would that look like in in actuation? I know that’s not the word, but in rollout, the reality of it.
04:13 Speaker A
No. Yeah, in reality. Especially given that chart, that great chart we just had showing just the degree of chips made outside of the US. And the goal, of course, is to flip that dynamic. In deployment of those dollars, I should have said. There we go.
04:28 Speaker B
Perfect.