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Benzinga

Anusuya Lahiri

Nvidia Weighs Intel As Chip Making Foundry

Intel Corporation Nvidia Nasdaq Jensen Huang INTC Arm Ltd Nvidia Corp NYSE SoftBank Group Corp Taiwan Semiconductor Manufacturing Co Ltd

NVIDIA Corp (NASDAQ:NVDA) looked to explore Intel Corp (NASDAQ:INTC) as a foundry for making its chips, Reuters reports citing CEO Jensen Huang.
“They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”
In 2021, Intel decided to expand its business into making chips that others design.
Presently, Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) manufactures the bulk of Nvidia chips.
SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) now aspires for Arm Ltd IPO after its deal with Nvidia fell flat following global regulatory flak.
Price Action: INTC shares closed lower by 0.25% at $48.27 on the last check Wednesday.

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