Nvidia Weighs Intel As Chip Making Foundry


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  • NVIDIA Corp (NASDAQ:NVDA) looked to explore Intel Corp (NASDAQ:INTC) as a foundry for making its chips, Reuters reports citing CEO Jensen Huang. 
  • “They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”
  • In 2021, Intel decided to expand its business into making chips that others design.
  • Presently, Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) manufactures the bulk of Nvidia chips.
  • SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) now aspires for Arm Ltd IPO after its deal with Nvidia fell flat following global regulatory flak.
  • Price Action: INTC shares closed lower by 0.25% at $48.27 on the last check Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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