Intel Shares Are Trading Higher Wednesday: What's Going On?
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Intel Corporation's shares rose 6.41% to $35.71 after reports of early talks to add Advanced Micro Devices (AMD) as a foundry customer. The discussions are preliminary, with uncertainty about the extent of AMD's manufacturing shift to Intel. Intel has recently gained support from major investors and is seeking additional backing, including from Apple. This potential partnership could enhance Intel's position in the competitive chipmaking market, where it has been striving to catch up with TSMC.
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Source: Benzinga The copyright of this article belongs to the original author/organization.
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