Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese rival.

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

Taiwan Semiconductor Manufacturing (NYSE:TSM) is considering acquiring a controlling interest in Intels (NASDAQ:INTC) U.S. factories following a request from the Trump administration, according to a Bloomberg report.