Intel CEO Looks To Meet TSMC On His Asia Visit To Meet Customers, Suppliers

Intel Corp INTC CEO Pat Gelsinger is visiting Asian customers and suppliers in Japan, Taiwan, and India, Bloomberg reports.
Gelsinger also looks to meet leading contract chipmaker and client Taiwan Semiconductor Manufacturing Co Ltd TSM.
Intel depends on Tokyo Electron Ltd TOELY for chipmaking equipment.
Also Read: Nvidia Weighs Intel As Chip Making Foundry, Intel Shares Its Ambitious EU Expansion Plans, Germany Could Offer Intel €5B Subsidy For €17B Chip Plant: Bloomberg
Intel relies on Ibiden Co Ltd IBIDY and Unimicron Technology Corp. for Ajinomoto build-up film substrates, materials required for the packaging process.
The report quoted an Intel representative saying that the company looks to increase local engagements with global employees, customers, partners, suppliers, and other key stakeholders to drive innovation and restore balance and resilience to the worldwide supply chain.
Price Action: INTC shares closed higher by 2.27% at $49.20 on Monday.