Intel and Taiwan Semiconductor Manufacturing Co have recently discussed a preliminary agreement to form a joint venture to operate the U.S. chipmaker's factories, the Information reported on Thursday,

Intel stock dropped on Friday, dragged down by tariff worries despite a report that the company has reached a preliminary agreement with Taiwan Semiconductor Manufacturing (TSMC) about its chip-manufacturing operations.

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 TSMC have tentatively agreed to form a joint venture that would run the U.S. company’s foundry business, The Information reported Thursday.

It's the 'shipping story that just won't die, so here's the latest twist in the almost fanfic pairing of Intel and TSMC. The two companies have reportedly inked a "preliminary" agreement for a joint venture to run the latter's chip manufacturing factories, otherwise known as fabs.

A report from The Information has revealed that TSMC and Intel are in talks for a possible joint venture between the companies.

Semiconductor giants Intel (INTC) and Taiwan Semiconductor Manufacturing (TSM) have reached a tentative deal for a chipmaking joint venture

Troubled chipmaking giant Intel Corp. is discussing a deal with its rival Taiwan Semiconductor Manufacturing Co. to create a joint venture that will take over the running of its chip fabrication plants in the U.S.