Intel Gains on Report That It’s in Talks to Add AMD as Customer
The Advanced Micro Devices headquarters in Santa Clara, California.
Photographer: David Paul Morris/BloombergIntel Corp. shares climbed as much as 6.8% after Semafor reported that the company is in talks to add Advanced Micro Devices Inc. as a customer for its manufacturing business.
The companies are in early-stage discussions about having AMD rely on Intel factories, Semafor said, citing unidentified people familiar with the matter. AMD currently depends on Taiwan Semiconductor Manufacturing Co. for much of its manufacturing needs.