Taiwan Semiconductor Manufacturing Co. is considering taking a controlling stake in Intel Corp.’s factories at the request of Trump administration officials, a person familiar with the matter said, as the president looks to boost American manufacturing and maintain US leadership in critical technologies.

Is Intel now a Trump stock? But a joint venture with TSMC, now the worldwide chip-manufacturing leader, is not necessarily a great idea — and Rasgon pointed out some

Intel (INTC, Financial) stock rose 4% on Wednesday morning after investment banker R.W. Baird sparked fresh discussion about a potential strategic tie-up with Taiwan Semiconductor

TSMC, which manufactures chips in Taiwan for Nvidia and other Intel competitors, is the gold standard in chip manufacturing. A deal with TSMC that enables Intel's foundries to produce chips on par with those of its rivals could be a game changer for the struggling company.