Commentator: Mr. Lin Wei-Pu, Executive Vice President, Ji-Pu Industry Trend Research Institute

News.
According to an exclusive report by Reuters, TSMC has extended an invitation to Fidelity, Supermicro, Broadcom and Qualcomm to set up a joint venture to operate Intel's wafer foundry division. According to the source, TSMC will be responsible for the actual operation of this cooperative case, but the shareholding ratio will not exceed 50%, and must obtain the consent of the U.S. Trump administration.
When TSMC announced plans to invest an additional $100 billion in the U.S. and build five wafer fabs in the future, it already mentioned the joint venture to potential supporters, in response to Trump's goal of revitalizing Intel and boosting the U.S. advanced manufacturing industry. Negotiations are still at a preliminary stage, with final details yet to be negotiated.

Ji-Pu Viewpoint:
Conclusion: It's too hard to predict what the future holds for us at this point in time, so unless it happens, I'm going to think it's a story like Loretta's. I don't really believe Intel will be owned by an Asian. I don't really believe Intel will be owned by an Asian, as the CEOs of TSMC and Avago are all Asian-run companies. The current tendency is not to become, the following is my background / current situation / reasons for the discussion:

#. background:
1. As a representative of the once dominant semiconductor industry in the United States, Intel's collapse or closure under any president would be a major blemish, and the Trump administration, which now boasts Made in the USA, would not allow it to happen, so it leads me to believe that this should be a real thing in the works.
2. On the afternoon of March 3, U.S. time, TSMC Chairman Chieh-Chia Wei announced at the U.S. White House a $100 billion expansion of its investment in three advanced process fabs, two advanced packaging fabs, and a research and development center. The global industry, especially in Taiwan, had different reactions from both positive and negative points of view. Regardless of the real reason, with such a high investment and the R&D center, TSMC must be under tremendous pressure from its "customers".

#.
1. Intel is currently in the process of splitting up its factories, which is expected to be completed by 2026, to turn them into subsidiaries for the foundry business (hereinafter referred to as subsidiaries_I). In addition, Intel's advanced process is not as good as TSMC's, but it is the closest and has a better chance than the other competitor in the advanced process area.
2. I think Intel's current problems are