Why Intel stocks are rising today
Stocks Intel (NASDAQ: INTC) It also won 10.5% early in the session, then rose 8.4% as of 1:45pm on Thursday. at that time, S&P 500 It rose 0.5% Nasdaq Composite It had achieved 0.8%.
On Wednesday, reports came up about a semiconductor giant who fell behind his peers in the age of AI, talking. Taiwan Semiconductors Manufacturing For a transaction that supports the struggling manufacturing sector. In a research note, Baird analyst Tristan Guerra plans to include Intel, TSMC and the US government to send engineers to Intel’s manufacturing plants based on “discussions from the Asian supply chain.” He said he understood that he was discussing. They will improve them and generate more parity between the manufacturing capabilities of both companies.
Intel’s Foundry Division Spin-off To a new joint venture owned by Intel and TSMC.
Intel has long been a leader in the chip industry, but has been awfully behind in the last few years. Rival ascending nvidia Intel remains in the dust amidst the AI boom. The company is trying to upgrade its chip manufacturing capabilities to improve competition in the critical AI market, but its efforts have largely failed so far.
TSMC, which manufactures chips in Taiwan for Nvidia and other Intel competitors, is the gold standard for chip manufacturing. A contract with TSMC, which will allow Intel’s Foundries to produce chips comparable to rivals, could be a game-changer for a struggling company.
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Johnny Rice There is no position in any of the stocks mentioned. Motley Fool has jobs and recommends manufacturing Intel, Nvidia and Taiwan semiconductors. Motley Fool recommends the following options: A short $27 phone with Intel in February 2025. To Motley’s fool Disclosure Policy.
Why Intel stocks are rising today Originally published by The Motley Fool