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,

Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) has proposed a joint venture involving Intel's (NASDAQ:INTC) foundry division to several major U.S. chip manufacturers, including Nvidia (NASDAQ:NVDA),

Shares of Intel are jumping more than 7% in premarket trading 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.