Intel stock jumps after report claims Google ordered 3 million AI chips

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Rumor mill: Intel's effort to regain its footing in advanced chip manufacturing is drawing fresh interest, as some of the biggest players in AI look beyond their traditional suppliers. Alphabet's Google has reportedly ordered more than three million tensor processing units from Intel for production in 2028. If the order materializes, it would give Intel's contract manufacturing arm a significant boost as the company works to regain its standing in leading-edge chip production.

The reported deal comes amid mounting strain on the global chip supply chain, reportsThe Information, which cited people with direct knowledge of the talks. TSMC, long the dominant player in producing cutting-edge chips, has struggled to keep up with demand fueled by the rapid expansion of artificial intelligence. That imbalance has pushed major AI chip designers to look at...

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