Intel (Intc) Stock climbed higher on Wednesday on a report that rival Taiwan Semiconductor (TSM) is in conversation with a group of chip makers, including NVIDIA (NVDA) and AMD (AMD), which would lead Intel’s chip production company.
According to Reuters, the consortium, which also includes Broadcom (AVGO), would take over Intel’s Foundry Business, which is responsible for building chips for both Intel and third-party contractors. Intel reported a net loss of $ 18.8 billion in 2024; The watering canal segment saw a total loss of business income of $ 11.6 billion in the year.
Shares of Intel rose around 3% in the afternoon trade after the report and have risen 1.6% so far. However, Zoom further out and the share price of Intel has fallen by 54%in the last 12 months.
From 1:09:42 pm Edt. Market open.
Intc TSM NVDA
The share price of AI chip giant Nvidia has so far postponed 14% years that the AI trade has carried out its course and that rates and export checks will control the company’s sale. Nevertheless, the shares of Nvidia have risen by 24% in the past year.
Shares of TSMC, Broadcom and Nvidia rose on the news.
Intel had no comments on the report.
The movements come when the Trump administration works to guarantee the future of Intel’s Chip-Building activities in the US. While Intel is the largest chip manufacturer in the country, the US accounts for only 12% of the world’s chip production, compared to 37% in 1990.
Those decreases came to grim lighting during the COVID-19 Pandemie, when chip shortages influenced everything, from consumer electronics to automotive sales. American officials have also expressed their concern about the potential for geopolitical conflicts, including the fear that China Taiwan could invade, and natural disasters that disrupt chip shipments to the US, who can dramatically influence the major influences of the economy.
The Trump administration has previously insisted on TSMC to purchase part of the Intel company in the hope of supporting it in the long term.
Former CEO of Intel Pat Gelsinger tried to split up the company’s watering segment into a third -party chip manufacturer to match TSMC’s own semiconductor activities.
But the effort has gone slowly so far and the Intel board has driven Gelsinger last year. Coos David Zinner and Michelle Johnston Holthaus are currently sending the ship until the board finds the permanent replacement of Gelsinger.
Both Intel and TSMC have received billions of dollars through the Chips Act to help them pay for new production facilities in the US. On March 3, TSMC said it would invest $ 100 billion to build new factories in Arizona in addition to the $ 65 billion it has already reserved for the region.
