Intel, on reports of Google ordering AI chips 3,000,000 units 11.11% surge

6 month 8 day, Intel shares rose 11.11% on the reports. The reports said Google had ordered more than 2028 tensor processing units by 3,000,000. The same reports raised the possibility of a foundry partnership among Intel, Google, and Nvidia.

In U.S. stocks, the S&P 500 rose 0.30%, while the Nasdaq gained 0.86%. In the semiconductor sector, AMD and Nvidia recorded share-price gains. The movements in the indexes and sectors reflected the overall trading flow that day.

The reports said the orders were for tensor processing units, or chips dedicated to AI computing. Tensor processing units are computing chips used for large-scale artificial intelligence workloads. The reports said the specific contract amount and signing date had not been disclosed.

The report said that, as Intel seeks to expand its foundry business with its A process, the possibility of generating revenue from hyperscale customers has been discussed. 18The A process is classified as the name of Intel’s next-generation process. 18It was noted that the veracity and specific conditions of the information vary according to the report.

No official disclosures from Intel, Google, or Nvidia had been issued as of the time of the report. Trading that day showed that semiconductor-related reports had prompted investor reactions. Official disclosures and company announcements are expected in the future.

Even after the report, details of the contract and the implementation schedule remained undisclosed. Additional information can be confirmed in the official disclosures of the companies concerned. That day, notable share-price movements were observed in Intel and the semiconductor sector.