President Trump says US chip making business was stolen by Taiwan, blames former presidents, reiterates Intel was great under Andy Grove's leadership.

Donald Trump has once again addressed the issue of the U.S. losing its dominance in the semiconductor industry, this time blaming previous administrations for allowing Taiwan to take control of

Taiwan Semiconductor Manufacturing has pledged $100 billion in U.S. investment but it's not necessarily bad news for Intel.

TSMC Chairman C.C. Wei recently held a press conference with US President Donald Trump at the White House, announcing an additional investment of US$100 billion in the US. Shortly after, he convened another press conference with Taiwan's President Ching-te Lai to clarify TSMC's intentions regarding its investments in the US.

Taiwan's economy minister said on Tuesday his ministry had not received information about an overseas investment application by Taiwanese chipmaker TSMC , when asked about possible investment in Intel and the United States.

China claims Taiwan's leadership is 'selling out' Taiwan's industry by making them tools for diplomatic manoeuvring.

While chip stock Intel (INTC) has been almost frantically trying to build its foundry operations, it still outsources quite a bit of its chip

The back drop to all this, of course, includes threats from President Trump to apply up to 100% tariffs on chips from Taiwan, TSMC's expanding chip production facilities in the US, plus rumours that TSMC is in talks with Intel to take joint control of the latter's fabs in some kind cooperation with Intel.

Intel rivals Taiwan Semiconductor Manufacturing Co and Broadcom are reportedly exploring potential deals that could split the storied American chip giant.

President Donald Trump's threat to scrap the CHIPS Act while luring semiconductor investment in the U.S. through tariffs hurts Intel and American competitiveness, according to the Financial Times.

Chip stock Intel (INTC), not so long ago, was the target of rumors of potential takeover, which gave shares a very nice bump at the time.

After years of decline, the once-great Silicon Valley icon is reportedly considering a plan to split itself apart.