Intel stock pops on news company is in early talks to add AMD as a customer

KEY POINTS

Intel is in early talks with AMD to manufacture chips for it in its foundry business, according to a report from Semafor.

If AMD were to start manufacturing chips with Intel, it would be a significant win for the company’s foundry business, which is currently seeking big customers.

It would also signal that AMD, which competes with Intel in x86-based chips for PCs and servers, is confident doing its manufacturing with its biggest competitor.