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Exclusive / Intel in early talks to add AMD as foundry customer
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Intel is in early-stage talks to add AMD as a customer at Intel’s factories, in what would be another vote of confidence in the struggling chipmaker, according to people familiar with the matter.
In the past seven weeks, Intel has gained investment dollars and public support from the White House, Nvidia, and SoftBank, and is in talks for backing from Apple, Semafor and others have reported. AMD designs chips that are currently produced mostly by Taiwan’s TSMC, and Intel currently lacks the technology to produce AMD’s most advanced, profitable chips.
Intel (INTC) Stock Is Up, What You Need To Know
Shares of computer processor maker Intel (NASDAQ:INTC) jumped 3.8% in the afternoon session after reports surfaced that the company was in early talks with its competitor, Advanced Micro Devices (AMD), about a potential deal to manufacture chips for them.
The potential deal was viewed as a major vote of confidence in Intel's push to build its foundry business, which makes chips for other companies. A partnership would be significant because AMD, a fierce competitor, has historically relied on Taiwan's TSMC for manufacturing its chips. For Intel, securing its main rival as a customer would validate its manufacturing technology and its ambition to compete with global foundry leaders. For AMD, the arrangement could provide a US-based production alternative and increase its bargaining power with other suppliers.
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AMD and Intel's unlikely chipmaking partnership isn't without its benefits — how AMD could divest reliance on TSMC
The deal isn’t done, but it could be beneficial for both Intel and AMD
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Intel and AMD have mostly been rivals for decades, but for the first time in years, they may soon share a wafer. According to a new report, AMD is in early discussions with Intel to build some of its chips at Intel Foundry. No agreement has been signed, and both companies are still weighing technical feasibility. But even preliminary talks mark a notable shift in direction.