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Shares of chip makers rose after a report indicating Taiwan Semiconductor Manufacturing had proposed a joint venture to operate Intel's factories. TSMC offered the idea to run the operations of ...

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Taiwan Semiconductor Manufacturing Co. could form a joint venture with several chipmakers to operate Intel Corp.’s fabs, Reuters reported today.

Shares of chip makers were higher after Taiwan Semiconductor Manufacturing proposed a joint venture to operate Intel's factories, according to people familiar with the matter.

TSMC has pitched U.S. chip designers about taking stakes in a joint venture that would operate Intel's factories, according to sources.

Shares of Intel (NASDAQ:INTC) are up 4% heading into midday trading Wednesday on reports that the world’s leading contract ...