TSMC has pitched U.S. chip designers Nvidia , Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate Intel's factories, according to four sources familiar with the matter.

TSMC has reportedly proposed a joint venture between itself, Nvidia, Advanced Micro Devices (AMD) and Broadcom that will involve them owning stakes and

The Taiwanese chipmaker intends to run operations of Intel’s fab division but does not want to own more than 50% of it and is looking for more than one partner.