Nvidia has not been approached about acquiring a stake in Intel, CEO Jensen Huang said on Wednesday, addressing speculation about potential semiconductor industry consolidation.

"Nobody's invited us to a consortium," Huang told reporters at Nvidia's annual developer conference. "Nobody invited me. Maybe other people are involved, but I don't know. There might be a party. I wasn't invited."

Reuters previously reported that Taiwan Semiconductor Manufacturing Co (TSMC) had approached Nvidia, Broadcom and Advanced Micro Devices about joining a potential joint venture to operate Intel's factories. Other media outlets reported Intel was considering separating its manufacturing operations with U.S. President Donald Trump's support, potentially transferring control to a TSMC-led consortium.

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