
- 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.