Alphabet taps Intel to make three million in-house chips, The Information reports
Intel’s packaging business could gain billions as Google diversifies supply and Nvidia tests Intel’s 18A process for future chips.
- On Monday, Intel shares jumped about 12 per cent after The Information reported that Google and Nvidia are evaluating the company as a backup manufacturer for advanced AI chips.
- Taiwan Semiconductor Manufacturing is struggling to keep up with surging demand for leading-edge AI chip production, prompting major tech firms to reduce reliance on a single supplier in one country.
- Google placed a firm order for more than 3 million Tensor Processing Units for 2028 production, while Nvidia is evaluating Intel's advanced packaging and cutting-edge manufacturing process for future chips.
- Intel stock soared as much as 13% to $112.37 in New York, lifting semiconductor stocks and pushing the Nasdaq more than 2% higher following Friday's decline.
- The chipmaker holds a backlog worth billions of dollars for packaging services, positioning Intel to capitalize on the shift toward combining chips in single packages for data center performance.
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42 Articles
It has been reported that Google will have some of its proprietary artificial intelligence (AI) chips produced at Intel's foundry. Intel's foundry business has long been a headache due to its inability to secure major clients, but following Apple last month, Google is now exploring the possibility of securing orders. Analysts suggest that Intel and Samsung Electronics could benefit from this situation, as the production capacity of Taiwan's TSMC…
Stock Market Today, June 8: Intel Surges on Reported Google AI Chip Foundry Order
Intel (NASDAQ:INTC), which designs and manufactures semiconductor products, including CPUs and GPUs, closed Monday at $110.27, up 11.19%. The stock moved higher as reports highlighted a major Google AI chip order and potential foundry roles with Google and Nvidia. Investors are watching how these opportunities translate into sustained AI data center and foundry revenue growth.The company’s trading volume reached 135.1 million shares, which is ne…
Wall Street Lunch: Intel Leads Chip And AI Stock Rally On Google, Nvidia Foundry Report
Intel (INTC) is leading chip and AI-related stocks higher following a report that Google (GOOG) and Nvidia (NVDA) are evaluating the company as a backup manufacturer for advanced AI chips.
Intel has received a major order from Google, according to the US technology portal "The Information". In addition, a large chip developer checks another order from Intel.
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