Nvidia's Huang Renxin responds to TSMC's "team" acquisition of Intel rumors: not involved

21st Century Business reporter Niyi Qian reports from San Jose

On March 19, 2023, in the United States, Nvidia founder and CEO Jensen Huang responded to rumors that TSMC was "team-buying" Intel.

"I don't know where the news came from, but no one invited us to join. I'm not saying it's not news. Maybe others have, but I don't know," Huang said during the GTC2025, when he was interviewed by 21st Century Business and other media.

Earlier, it was reported that TSMC had proposed to Nvidia, AMD, and Broadcom to consider investing in a joint venture that would operate Intel's factories. According to the proposal, TSMC would operate Intel's foundry business, which specializes in manufacturing customized chips for customers, but TSMC would not hold more than 50% of the shares.

Neither TSMC nor Intel has responded to this yet, so it is still uncertain about the final direction, but Huang denied participating in the consortium and acquisition.

In recent years, the global semiconductor industry has been undergoing reshuffling and restructuring, and Nvidia has risen in the AI wave to become the core engine of generative AI, with its market value soaring, and GTC has become a wind vane in the technology industry; at present, Intel has just welcomed new CEO Chen Lihui, who will lead Intel's transformation.

Although Huang denied participating in the potential acquisition of Intel's fabs, he said that it is indeed necessary to increase local manufacturing in the United States to avoid the impact of tariffs. He said that in the short term, he expects the new tariff policy will not have a major impact on the company's prospects, but in the long term, he hopes to maintain the flexibility of the supply chain while adding an important part, namely the flexibility of local production.