TSMC reportedly approached a handful of US AI chipmakers to potentially operate Intel's foundry in a joint venture.

David Paul Morris / Bloomberg via Getty Images Intel Corp.'s shares fell 3% Wednesday as the Pentagon withdrew a planned $2.5 billion chip grant for the semiconductor company, according to Bloomberg.

The move: Intel jumped 5.5% to $20.8 per share on Wednesday. The stock is still down 1.35% this year. The chart: Why: On Wednesday, Reuters reported that TSMC and a handful of other AI chipmakers ...