Hua Er Jie Jian Wen·2025-08-05 12:47Group 1 - The Trump administration is pressuring TSMC to invest in Intel by offering tariff reductions as a condition for acquiring up to 49% of Intel's shares [1] - Intel has been struggling financially, reporting losses for five consecutive quarters starting from Q3 2024, with significant declines in stock price [1] - Intel's manufacturing process is lagging, particularly with the 18A process for the next-generation notebook chip "Panther Lake," which is facing yield issues that threaten its revival plans [1] Group 2 - There have been rumors of a potential joint venture between Intel and TSMC, where TSMC would manage Intel's production facilities in the U.S. and possibly hold a 20% stake in Intel's foundry business [2] - TSMC aims to navigate the Trump administration's tariff policies and expand its U.S. investments through deep collaboration with Intel [2] - Significant challenges exist for TSMC and Intel's integration due to fundamental differences in management systems, employee structures, and technology roadmaps, making the collaboration complex [2]