Intel stock pops on news company is in early talks to add AMD as a customer

Intel stock pops on news company is in early talks to add AMD as a customer


Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.

Laure Andrillon | Reuters

Intel is in early talks with AMD to manufacture chips for it in its foundry business, according to a report from Semafor.

Intel shares rose as much as 6% on the news at one point during trading on Wednesday. AMD shares were flat.

If AMD were to start manufacturing chips with Intel, it would be a significant win for the company’s foundry business, which is currently seeking big customers. Analysts say that a big customer would allow Intel Foundry to confidently invest in developing its manufacturing technology and would send a signal to other chip companies that Intel can handle their business.

It would also signal that AMD, which competes with Intel in x86-based chips for PCs and servers, is confident doing its manufacturing with its biggest competitor.

It is unclear how much manufacturing AMD would do with Intel, according to the report by Semafor’s Rohan Goswami. AMD currently manufactures its chips with TSMC.

In recent weeks, Intel has added several significant investors, including the U.S. government, Nvidia, and Softbank, which were all seen as votes of confidence as the company attempts to turn around its fortunes under new CEO Lip-Bu Tan. Intel shares are up nearly 77% so far in 2025 as investors gain more confidence in the chipmaker.

However, Nvidia did not commit to using Intel’s foundry.

A representative for Intel declined to comment.

“AMD does not comment on rumor or speculation,” an AMD spokeperson said.



Source

NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown
Technology

NASA employees on Artemis missions with SpaceX, Blue Origin to work through shutdown

U.S. President-elect Donald Trump greets Elon Musk as he arrives to attend a viewing of the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas. Brandon Bell | Getty Images News | Getty Images NASA is requiring employees involved in Artemis missions with contractors SpaceX and […]

Read More
Google cuts more than 100 design-related roles in cloud unit
Technology

Google cuts more than 100 design-related roles in cloud unit

Thomas Kurian, CEO of Google Cloud, speaks at a cloud computing conference held by the company in 2019. Michael Short | Bloomberg | Getty Images Google has laid off more than 100 employees in design-related roles, CNBC has learned. Earlier this week, the company laid off employees within the cloud unit’s “quantitative user experience research” […]

Read More
Amazon launches ‘price-conscious’ grocery brand with most products under
Technology

Amazon launches ‘price-conscious’ grocery brand with most products under $5

Amazon on Wednesday expanded its private-label grocery lineup with the launch of a new brand aimed at “price-conscious” shoppers, with most products priced under $5. The brand is called Amazon Grocery and includes more than 1,000 items, ranging from dairy, fresh produce, meat and seafood to snacks and baking essentials, the company said in a […]

Read More