Intel Corp. has held talks with Taiwan Semiconductor Manufacturing Co. and Samsung about making some of its best chips, according to Yahoo!finance. Amid successive delays in its chip fabrication, Intel is still holding out hope for last-minute improvements in its production capabilities.
- Components that Intel might source from Taiwan wouldn’t come to market until 2023 and would be based on established manufacturing processes already in use by other TSMC customers.
- Intel talks with Samsung, whose foundry capabilities trail TSMC’s, are at a more preliminary stage even as the company is yet to make a final decision less than two weeks ahead of a scheduled announcement.
- Intel’s CEO Bob Swan promised to set out his plans for outsourcing and get the company’s production technology back on track when it reports earnings on January 21.
- Intel is under intense competitive pressure with rivals such as Advanced Micro Devices and Apple Inc. that design their own chip designs.
- Intel activist investor Dan Loeb has voiced shareholder discontent over its technological stagnation and has called for aggressive strategic changes.
Intel stock is currently declining. INTC: NASDAQ is down 0.66% on premarket.