The U.S. government, Nvidia and Softbank have all taken recent stakes in Intel.
In this article
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.
The U.S. government's stake in Intel would help fund factories it's currently building in Ohio, according to the report.
Experts suggest the reported deal could give the US an edge in the chipmaking sector.
Intel's strong quarter is driving sharp gains in another chipmaker.
The announcement comes hours after reports that the White House is in talks over taking a 10% stake in Intel.
OpenAI will deploy up to 6 gigawatts of AMD Instinct GPUs over multiple years, beginning with a 1-gigawatt rollout in 2026.
