Nvidia denies reports of 'saving' Intel.

Nvidia CEO Jensen Huang stated that he has not received any invitation to form a joint venture to control Intel's chip manufacturing plant.

Nvidia CEO denies being invited to participate in a joint venture to acquire a stake in Intel. Photo: Seeking Alpha .

According to Reuters , Nvidia CEO Jensen Huang has denied reports that the GPU giant was invited to participate in a joint venture to acquire a stake in Intel.

"No one has invited Nvidia to a joint venture. There may have been others involved, but I'm not sure," Huang said at a press conference during the annual GTC conference.

Previously, according to Reuters , TSMC had offered US chip design companies including Nvidia, AMD, and Broadcom the opportunity to form a joint venture to control Intel's chip manufacturing plant.

In initial negotiations, the Taiwan-based chip company proposed operating Intel's chip foundry division, with an ownership stake of no more than 50%. Other sources indicate that Qualcomm also received an offer but later withdrew from the talks.

These negotiations took place after the administration of US President Donald Trump requested TSMC's assistance in reviving Intel, an iconic American technology company.

Sources indicate that TSMC had offered joint ventures before announcing its $100 billion investment plan in the US on March 3rd, which includes building five additional chip manufacturing facilities.

Under pressure from the market, Intel's leadership announced plans to establish a separate board of directors for its chip manufacturing division. Analysts believe this move could be the first step toward splitting Intel into two separate companies: one specializing in chip manufacturing (foundry) and the other focused on product development.