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Google Orders 3 Million TPUs From Intel as TSMC Strains
Google ordered more than 3 million Tensor Processing Units from Intel, while Nvidia is testing its chip technology, according to The Information.
- 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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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.
·United States
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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.
·Düsseldorf, Germany
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Coverage Details
Total News Sources11
Leaning Left2Leaning Right3Center2Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 29%
C 28%
R 43%
Factuality
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