A rumored joint venture between Intel Corp. and its biggest rival, Taiwan Semiconductor Manufacturing Co. TSM, could pose more potential problems than it may be worth, while the U.S. chip giant could actually be fine without it,

Taiwan Semiconductor Manufacturing Co. is considering taking a controlling stake in Intel Corp.’s factories at the request of Trump administration officials, a person familiar with the matter said, as the president looks to boost American manufacturing and maintain US leadership in critical technologies.

Key Takeaways Intel shares jumped Thursday, extending their recent rally on speculation of a deal with TSMC.Intel could collaborate with TSMC to potentially spin off its foundry business into a new U.