Intel Partners with Taiwan Semiconductor Manufacturing Co. (TSMC)

Intel’s stock experienced its best week in 25 years, surging as much as 23.6% (and nearly 32% at its peak) due to rumors of a potential partnership with rival Taiwan Semiconductor Manufacturing Co. (TSMC). This dramatic rise, the largest since January 2000, reflects investor optimism for a turnaround after a prolonged period of weak performance.TSMC is the largest provider of outsourced chip production, serving companies such as Apple, Nvidia and Advanced Micro Devices (AMD). Its advances in manufacturing, which have surpassed Intel, have allowed its customers to take market share gains from the American company. Intel has struggled, particularly in the burgeoning AI chip market where it lags behind Nvidia. Its ambitious turnaround strategy, led by former CEO Pat Gelsinger, has shown limited progress. Do you think that Intel was on almost collapsing and TSMC is the savior ?