Taiwan Semiconductor Manufacturing Co (TSMC) is reported to have reached out to US chip designers Nvidia, Advanced Micro Devices and Broadcom about taking stakes in a joint venture that would operate struggling chipmaker Intel’s 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.

In the on-again, off-again saga of TSMC's supposed designs on Intel's chip factories, there's a new twist. Reuters reports that TSMC has pitched Nvidia, AMD and Broadcom with the idea of a joint venture to take control of Intel's struggling fabs.