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.

Nvidia and Broadcom are testing Intel’s 18A chips and could end up spending hundreds of millions of dollars to them for manufacturing contracts.

Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) has proposed a joint venture involving Intel's (NASDAQ:INTC) foundry division to several major U.S. chip manufacturers, including Nvidia (NASDAQ:NVDA),

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.