The U.S. government, Nvidia and Softbank have all taken recent stakes in Intel.
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Intel
is in early talks with AMD
to manufacture chips for it in its foundry business, according to a report from Semafor.
Intel shares rose 7% on Wednesday. AMD shares were up over 1%.
It comes after SoftBank announced it would invest $2 billion in the struggling chipmaker.
Intel and AMD are reportedly negotiating long-term server chip deals with Chinese customers as AI demand tightens supply.
The U.S. government's stake in Intel would help fund factories it's currently building in Ohio, according to the report.
Intel (INTC) stock sky-rockets 11.83% premarket to $110.90 following landmark reports that Google and NVIDIA are choosing Intel…
AMD shares are rising in Thursday's after-hours session following a blowout quarter from rival chipmaker Intel.
Experts suggest the reported deal could give the US an edge in the chipmaking sector.
