Intel rises on report of potentially adding AMD as customer

SoftBank

01/10/2025 19:13

** Shares of chipmaker Intel INTC.O rise 6.5% to $35.7

** Intel in early talks to add Advanced Micro Devices AMD.O as a customer at Intel’s factories, Semafor reported, citing people familiar with the matter

** This comes as Intel gains investment dollars and public support from the White House, Nvidia NVDA.O  and SoftBank 9434.T, and is in talks for backing from Apple AAPL.O

** Up to last close, stock had risen 71.3% YTD

 (Reporting by Kritika Lamba in Bengaluru)

 ((Kritika.Lamba@thomsonreuters.com))