Apple could benefit from more chip fab availability in the United States in the coming years thanks to a joint venture that will bring TSMC talent to Intel foundries.

Intel’s financial crisis may be over—with support from its biggest rival. Executives from Intel and Taiwan Semiconductor Manufacturing Co. recently discussed a preliminary agreement to form a joint venture to operate Intel’s chipmaking facilities,

Intel and TSMC have reached a tentative agreement to shore up Intel's foundry business, according to The Information.

TSMC would take a 20% stake in a new company, according to the report. The Information said that Intel and other U.S. chip companies would hold a majority stake in the new company.

Troubled chipmaking giant Intel Corp. has reached a preliminary agreement with its rival Taiwan Semiconductor Manufacturing Co. to create a joint venture that will take over the running of its chip fabrication plants in the U.S.

Intel and TSMC have tentatively agreed to form a joint venture that would run the U.S. company’s foundry business, The Information reported Thursday.

As part of the joint venture negotiations, TSMC has discussed sharing some of its manufacturing techniques with Intel in exchange for a 20% stake in the new company, the Information said. But some Intel executives are concerned that the deal would lead to layoffs and sideline its existing chipmaking technology, the website said.

TSMC and Intel have reached a preliminary agreement to establish a joint venture for operating a semiconductor fab in the US, reported, citing. The report indicated that while neither company was eager to proceed,

Intel and Taiwan Semiconductor Manufacturing Co recently reached a preliminary agreement to form a joint venture to operate the U.S. firm's chipmaking facilities, the Information reported on Thursday,