Intel Corp. shares have shown notable growth following news of preliminary agreements with Taiwan Semiconductor Manufacturing Co. (TSMC) to establish a joint venture. This event has proven significant for the American chipmaker, sparking renewed interest among investors.

Shares of Taiwan Semiconductor Manufacturing Co (TSMC) dropped by 2.25% on Tuesday. The decline followed the company's announcement of plans to invest $100 billion to expand manufacturing capacity in the United States. This move represents TSMC's strategic initiative to strengthen its presence in the U.S. semiconductor market.