Reported 1 day ago
Despite a significant market downturn, Intel's stock rose by 2.1% following news of a potential partnership with Taiwan Semiconductor Manufacturing Company (TSMC). Reports suggest that TSMC may take a 20% stake in Intel's chip foundry unit, a collaboration that could enhance Intel's capabilities in the growing AI chip sector. This development stands in stark contrast to the broader market, where the S&P 500 dropped 4.9% and the Nasdaq fell 6% due to new tariffs announced by the Trump administration.
Source: YAHOO