- NVIDIA Corp NVDA looked to explore Intel Corp INTC as a foundry for making its chips, Reuters reports citing CEO Jensen Huang.
- “They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”
- In 2021, Intel decided to expand its business into making chips that others design.
- Presently, Taiwan Semiconductor Manufacturing Co Ltd TSM manufactures the bulk of Nvidia chips.
- SoftBank Group Corp SFTBY SFTBF now aspires for Arm Ltd IPO after its deal with Nvidia fell flat following global regulatory flak.
- Price Action: INTC shares closed lower by 0.25% at $48.27 on the last check Wednesday.
INTCIntel Corp
$19.64-1.21%
Edge Rankings
Momentum
21.89
Growth
3.47
Quality
-
Value
71.02
Price Trend
Short
Medium
Long
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