Intel is deepening its partnership with ASML Holding N.V. (NASDAQ:ASML) by using ASML’s most advanced chipmaking machine to help produce part of its Panther Lake laptop processors.Intel Tests Advanced ProductionASML said Intel is using the high numerical aperture (High NA) extreme ultraviolet (EUV) ​tool on selected parts of its Panther Lake chips, giving both companies data to improve setup, reliability and production use.ASML Deal Supports Intel ComebackNaga Chandrasekaran, executive vice president and general manager of Intel’s factory division, told Bloomberg in a statement that the milestone reflects close technical collaboration between Intel and ASML and shows how High NA EUV can be used in advanced chip manufacturing at scale.The move could help Intel show progress in rebuilding its manufacturing strength and attracting outside customers to its foundry business.Technical AnalysisWith futures green, Intel’s premarket bounce is happening from a technically mixed spot: the stock is trading 10.8% below its 20-day SMA and 6.6% below its 50-day SMA, even as it remains 27.6% above the 100-day SMA and 73.5% above the 200-day SMA. That combination often reads as "longer-term uptrend, shorter-term cooling," especially after the June swing high and the pullback that followed.Earnings & Analyst OutlookThe countdown is on: Intel Corp is set to report earnings on July 23, 2026 (confirmed).