TMTPOST -- Taiwan Semiconductor Manufacturing Co. Ltd (TSMC) could proceed with a plan to take over Intel Corporation’s foundry business under the pressure from the Trump administration, which is ramping up efforts to restore U.S. manufacturing.

Credit：Intel

TSMC has pitched a group of semiconductor companies including Nvidia Corporation, Advanced Micro Devices, Inc. (AMD) and Broadcom Inc. on running Intel’s foundry business through a potential joint venture, Reuters reported on Wednesday, citing four sources. It was said TSMC initiated discussions with the later three American companies and the talks are in an early stage. The reported venture will operate Intel’s segment that is responsible for building chips for both the company and third party contractors.

Under TSMC’s proposal, the world’s top semiconductor foundry, would be the only operator of Intel’s foundry factories that is based outside U.S. and hold not more than 50% of the potential venture, considering U.S. President Donald Trump has implied discomfort with foreign entities’ ownership of American companies, per the report. If the report is accurate, Nvidia, AMD and Broadcom are likely to be other operators of the potential venture and get stakes in it.

Share of these aforementioned companies listed in the United States rose on Wednesday following the report. Nvidia shares closed 6.4% higher, and AMD, TSMC and Broadcom gained 4.2%, 3.6% and 2.2%, respectively.

The reported TSMC move is seemed as a response to the request from the Trump administration to revive Intel while maintaining American control. For Trump, who aims to make America great again, to boost Intel can help move production back U.S. and make the country a leader in the advanced chipmaking. Intel is the largest chip manufacturer of the United States. The country marks up just 12% of the global chip production, down from 37% in 1990.