Intel stock climbs following report that TSMC has pitched Nvidia, AMD on venture to run Intel’s foundry business

Intel (INTC) stocks on Wednesday rose in a report that its semi -conductor rival (TSM) is holding talks with a group of chips, including NVIDIA (NVDA) and AMD (AMD), which will manage the Intel chips.

According to Reuters, the consortium, which will also include Broadcom (AVGO), will take over the Foundry business of Intel, which is responsible for building the chips of both Intel and Threed Transiters. Intel reported a net loss of $ 18.8 billion in 2024; The Foundry Sector has witnessed a total income loss 11.6 billion dollars a year.

Intel shares increased by approximately 3 % in the afternoon trading after the report and increased by 1.6 % so far. However, enlarging the Intel share price decreased by 54 % over the past 12 months.

The AI ​​Chip Giant Nvidia’s NVIDIA’s share price has launched 14 % so far about fears that artificial intelligence trade may manage its path and that the customs tariffs and export controls will offer the company’s sales to move forward. However, NVIDIA shares increased by 24 % over the past year.

TSMC, Broadcom and Nvidia shares rose on the news.

Intel had no comment on the report.

The movements come at a time when the Trump administration is working to ensure the future of chips building in Intel, in the United States. While Intel is the country’s largest chips factory, the United States represents only 12 % of chips in the world, a decrease from 37 % in 1990.

These declines appeared in a blatant rest during the Covid-19s, when the shortage of the chip affected everything from consumer electronics to car sales. US officials have also raised concerns about the possibility of a geopolitical conflict, including fears that China would be able to invade Taiwan, and natural disasters disrupt the shipments of chips to the United States, which can significantly affect large areas of the economy.

The Trump administration has already pushed TSMC to buy part of Intel in the hope of its long -term support.

The former CEO of Intel Pat Gelsiner has tried to rotate the company’s Foundry chip at a third -party chips manufacturer to compete with TSMC semiconductors.

But the effort was slow to go so far, and the Intel Gelsiner was expelled last year. David Zinsner and Michelle Johnston Holthaus are currently guiding the ship so that the council finds a permanent alternative to the generation.

Intel and TSMC received billions of dollars through the chips law to help them pay for new manufacturing facilities in the United States. On March 3, TSMC said it would invest $ 100 billion to build new factories in Arizona, as well as $ 65 billion that it already allocated to the region.