Intel
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Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, bolstering Intel's contract manufacturing efforts.

Google parent Alphabet placed an order with Intel to manufacture more than three million in-house tensor processing units in 2028, bolstering Intel's contract manufacturing business amid competition with TSMC.

Bernstein analyst Stacy Rasgon expressed improved outlook on Intel, while broader chip stocks including Nvidia faced selling pressure on June 26 despite AI infrastructure themes.

Intel shares rose 10.6% as chip stocks fueled a strong comeback in US equities following Federal Reserve comments. The Nasdaq Composite climbed nearly 2% in the session driven by the sector gains.

Intel stock rose 4% premarket after President Trump announced that Apple agreed to work with the company to design and build chips in the US.

Intel has started production of its most advanced 18A process technology chip, moving closer to potential deals including with Apple. This marks progress in Intel's semiconductor manufacturing capabilities amid AI demand.

Nasdaq gained nearly 2% and S&P 500 rose over 1% to close the week higher, led by Intel shares jumping more than 10% after reports of a U.S. chip design and build partnership with Apple.

Intel shares rose over 10% after President Trump announced a partnership with Apple for U.S.-designed chips, with the company also beginning production of its advanced 18A-P node.

President Trump stated that Apple has agreed to partner with Intel to design and manufacture chips in the United States, providing a major boost to Intel's foundry business and turnaround efforts.

President Trump announced that Intel will partner with Apple to design and manufacture semiconductors domestically in the US. Intel shares jumped over 10% to record highs on the news.

Intel has begun initial production of its most advanced 18A-P manufacturing process, advancing its foundry ambitions and positioning for potential external customers like Apple. The development signals progress in Intel's turnaround amid strong demand for advanced chips.

Google placed orders with Intel for more than three million tensor processing units to be delivered in 2028, boosting Intel's position in the AI chip supply chain.

Alphabet's Google ordered more than three million tensor processing units from Intel for 2028 production, while Nvidia evaluates Intel for multi-chip processors, per June 8 reports.
Intel's stock rose 1.13% to $119.84 amid reports of preliminary talks for Apple to use its foundry services. This reflects Intel's push into contract manufacturing but remains unconfirmed and subject to execution challenges. Market participants should weigh competitive pressures and sector risks before drawing conclusions.

Intel shares jumped sharply after reports of preliminary agreements for Apple to use Intel's foundry services for device processors.