▲ Lip-Bu Tan, CEO of Intel
Intel shares surged more than 10% following a report that Google plans to entrust the production of over 3 million of its self-developed Tensor Processing Units (TPUs) to Intel Foundry by 2028.
The IT news outlet The Information, citing multiple sources, reported that Google made the decision after testing Intel's technology over several months.
The report stated that as Taiwan's TSMC, the world's largest foundry (semiconductor contract manufacturer), struggles to keep up with demand, Intel has been securing foundry orders from companies such as Google.
The Information also reported that Nvidia is testing whether it can use Intel's technology to create a next-generation processor that bundles four GPUs into a single unit.
Following this news, Intel shares jumped 11.19% on the New York Stock Exchange on June 8 (local time).
The stock's gain for this year has reached nearly 200%.
Previously, on May 8, Intel shares surged on news that Apple had agreed to entrust a portion of its self-designed chip production to Intel.
Bloomberg assessed that this positive trend for Intel suggests that CEO Lip-Bu Tan's efforts to normalize management are yielding results.
Since securing large-scale investments last year to strengthen financial health, CEO Tan has been focusing on improving operational efficiency.
In his keynote speech at Computex, an IT exhibition held in Taipei, Taiwan, earlier this month, CEO Tan stated that customer demand is rising as CPUs become increasingly important.
He said, "With the development of AI agents, new system architectures are needed. CPUs are also playing a crucial role in terms of reinforcement learning and orchestration," adding, "Many CEOs have called me directly (over the past four weeks) hoping to secure more CPU supply."
(Photo: File photo provided by Intel, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.