Intel Gains on Report That It’s in Talks to Add AMD as Customer

Intel Corporation, a leading semiconductor company, has reportedly entered into discussions with Advanced Micro Devices (AMD) to potentially add AMD as a customer for Intel's manufacturing business. This news has led to a surge in Intel's stock price, with shares rising by as much as 6.8%. The article highlights that Intel, which has historically been a dominant player in the semiconductor market, is now exploring opportunities to diversify its customer base and leverage its manufacturing capabilities. The potential partnership with AMD, a long-time rival, could signify a strategic shift in the industry's dynamics. While the details of the ongoing negotiations are not publicly disclosed, the article suggests that this development could have significant implications for both companies and the broader semiconductor landscape. The collaboration, if finalized, could enable Intel to expand its revenue streams and potentially strengthen its position in the market.