Yee LeeSINGAPORE/NEW YORK/TAIPEI (Reuters) -TSMC has pitched U.S. chip designers Nvidia, Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate Intel's factories,

It looks like TSMC still plans to acquire Intel Foundry, but to make this possible, they would need a strategic partnership with other companies. According to four sources familiar with the

TSMC has reportedly pitched a joint venture foundry idea to NVIDIA, AMD, Broadcom, and Qualcomm: would take stakes in Intel's manufacturing operations.

Taiwan Semiconductor Manufacturing has pitched Nvidia and rival chip designers Advanced Micro Devices and Broadcom the idea of taking stakes in a joint venture to operate Intel’s chip-fabrication operations,

KEY TAKEAWAYS Shares of Intel are jumping more than 7% in premarket trading Wednesday following a report that TSMC has approached U.S. chip designers Nvidia, Advanced Micro Devices, and Broadcom about forming a joint venture to own and run the chipmaker's foundry division.

Shares of Intel rose on Wednesday following a Reuters report that TSMC has pitched Nvidia, AMD, and Broadcom on a plan to run Intel's chip manufacturing business.

TSMC reportedly asked its biggest customers to invest in joint venture that would operate Intel's production facilities.