Intel and TSMC are said to have reached a tentative agreement to create a joint venture that will operate Intel's chipmaking facilities.

Intel and Taiwan Semiconductor Manufacturing Co recently reached a preliminary agreement to form a joint venture to operate the U.S. firm's chipmaking facilities, the Information reported on Thursday,

Intel’s financial crisis may be over—with support from its biggest rival. Executives from Intel and Taiwan Semiconductor Manufacturing Co. recently discussed a preliminary agreement to form a joint venture to operate Intel’s chipmaking facilities,