<p>Analysts have raised concerns about TSMC's plan to operate or form a joint venture with Intel's fabs. They believe the differences in manufacturing and operations would hinder success. Citigroup suggests that Intel's foundry has failed to compete with TSMC and that forcing a company to use inferior manufacturing would diminish shareholder value. Lynx Equity questions TSMC's interest in Intel's IFS and the potential risks involved. Bank of America points out the technological mismatch between Intel and TSMC and questions Intel's eligibility for $19 billion in Chips Act funding due to the required majority ownership.</p>