Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in 2024 as the buy now, pay later pioneer made public its filing for a much-anticipated U.S. stock market listing.

(TSMC) has sent out feelers to peer semiconductor companies Nvidia Corp. (NVDA), Broadcom Inc. (AVGO), and Qualcomm Inc. (QCOM) to come together for Intel Corp.’s (INTC) foundry joint venture, according to a Reuters report on Wednesday citing unnamed sources.

TSMC has reportedly pitched a joint venture foundry idea to NVIDIA, AMD, Broadcom, and Qualcomm: would take stakes in Intel's manufacturing operations.

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.

TSMC reportedly asked its biggest customers to invest in joint venture that would operate Intel's production facilities.

TSMC has sought to engage Nvidia, AMD, Qualcomm, and Broadcom in talks about a potential joint venture to operate Intel’s foundry division.

It looks like TSMC still plans to acquire Intel Foundry, but to make this possible, they would need a strategic partnership with other companies. According to four sources familiar with the

STORY: Shares of Intel rose as much as 7% on Wednesday following a Reuters report that Taiwanese chipmaking giant TSMC has pitched several U.S. chip designers on taking stakes in a joint venture that would operate struggling Intel factories.

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.