Google under Alphabet Inc. (GOOGL.US) has placed an order with Intel Corporation (INTC.US) to produce more than 3 million tensor processing units (TPUs) in 2028, according to online media outlet The Information, citing people with direct knowledge of the matter.
Intel Corporation surged 11.2% overnight (8th), closing at USD110.27.
NVIDIA Corporation (NVDA.US) is reportedly evaluating whether Intel’s technology can be used to manufacture a processor that integrates four graphics chips into a single unit, but it has not yet placed an order.
Spiking demand for chips amid the AI boom has made it difficult for Taiwan Semiconductor Manufacturing Company Ltd. (TSM.US) to provide sufficient supply, report noted. This capacity crunch has prompted several major AI chip design companies to turn to Intel.
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AASTOCKS Financial News
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| SG Top Picks |
| Stock & Type |
Code |
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Last |
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| Nvidia (P) |
11090 |
168 (-) |
0.183 |
3.7 X |
| APPLE (C) |
11132 |
300 (-) |
0.375 |
7.2 X |
| APPLE (P) |
11063 |
248 (-) |
0.076 |
8.5 X |
