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Investment bank JPMorgan believes that the risks to TSMC from Intel reviving its foundry business are minimal. Intel's foundry business is under scrutiny once again as the Trump administration reportedly takes a stake in the firm and encourages investment. JPMorgan believes a revived Intel foundry might be beneficial for TSMC, too, as it is likely to shield the Taiwanese firm from government scrutiny due to its dominant position in the global contract chip manufacturing industry. The bank adds that Intel should focus on older nodes to set up a solid base with its foundry business and convince firms such as NVIDIA and Apple about its viability in gener

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