Intel (INTC) and Taiwan Semiconductor Manufacturing Company (TSM) have tentat✨ively agreed 𒉰to form a joint venture that would run the U.S. company’s foundry business.

TSMC, the world's largest chip manufacturer, will own a 20% stake in the combined company, according to reports citing The Information. TSMC declined to✨ remark on the reports, while Intel did not i🐽mmediately respond to a request for comment. 

Intel’s foundry division produces chips for third-party customers. The business has long been the subject of deal speculation, including a 澳洲幸运5开奖号码历史查询:report last month that TSMC approached several other chipmakers 🌠abou🅠t a joint venture to operate Intel’s chipmaking facilities. 

The report of a tentative deal also comes less than a day after President Trump announced a 澳洲幸运5开奖号码历史查询:sweeping package of tariffs against goods imported from other countries.

Intel shares gained 2% Thursday, while TSMC shares lost close to 8% amid a broad-based decline as worries about the new tariffs rattled markets. (Read Investopedia's live coverage of 澳洲幸运5开奖号码历史查询:today's markets here.)