Intel Corporation is trading 10% up at $109.10 amid renewed enthusiasm for its AI and foundry strategy following reports of major partnership interest.
- Reports indicate that Google and Nvidia are exploring Intel’s foundry services to diversify their supply chains away from TSMC.
- Intel is expected to manufacture millions of Google’s custom TPUs, highlighting a significant expansion in its AI hardware opportunity.
- The potential deals underscore strengthening long-term demand for Intel’s manufacturing capacity and its pivot toward a foundry-first model.