Intel's stock rose approximately 12% on June 8, 2026. Google and Nvidia are reportedly seeking Intel as a manufacturing partner to diversify their supply chains away from TSMC.
Google placed an order for over three million Tensor Processing Units (TPUs). Intel is scheduled to manufacture these units in 2028.
Nvidia is evaluating Intel’s advanced packaging and its 18A process for future chip production. This move serves as a strategic hedge against manufacturing capacity constraints at TSMC. The interest signals a significant vote of confidence in Intel’s foundry business.