US Stock Market Move | Intel Corporation (INTC.US) rose more than 7%, breaking through multiple lines in chip contract manufacturing business.
On Wednesday, Intel (INTC.US) rose over 7%, closing at $90.78.
On Wednesday, Intel Corporation (INTC.US) rose more than 7%, reaching $90.78. On the news front, Intel Corporation's foundry business is experiencing a long-awaited breakthrough in multiple fronts. According to reports, Apple Inc. is evaluating the use of Intel Corporation's 18A-P process to manufacture M-series chips, while Alphabet Inc. Class C is considering using Intel Corporation's advanced EMIB packaging technology to advance the TPU v8e project. Meanwhile, Tesla, Inc. has confirmed that it will use Intel Corporation's next-generation 14A process for its Terafab AI complex in Austin. Analysts believe that the surging demand for global AI chips is driving customers to seek second sources of supply, significantly boosting Intel Corporation's strategic position in foundry services.
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