Investment bank Morgan Stanley has listed the most significant risks to TSMC in the case of a joint venture with Intel. Ahead of Intel’s new CEO Lip-Bu Tan taking over earlier this month, rumors and reports had claimed that the Trump administration was eager to get the Taiwanese firm involved in Intel’s revival to revitalize chip manufacturing in America. However, TSMC instead upped its US investment to $160 billion from an earlier $100 billion in a widely televised appearance with President Trump. Yet, Morgan Stanley believes that unless TSMC explicitly rules out participating in a joint venture, its shares will […]
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