After the company’s chief financial officer predicted that the company’s second-quarter revenues would be above his projections, Intel was the best-performing stock in the Dow and S&P 500. After Nvidia CEO Jensen Huang told reporters that his business would work with Intel to enhance the production of its artificial intelligence (AI) chips, Intel kept its lead in the Dow yesterday.
Nvidia’s CEO gave the entire globe a clear message. Taiwanese chip Manufacturer, Taiwan Semiconductor, production may soon have competition from Intel in terms of production. The public statement from Nvidia’s CEO on successful chip tests is a crucial sign that the two firms’ relationship is developing.
During a Q&A session with reporters in Taiwan on Tuesday, Nvidia CEO Jensen Huang was asked if the chipmaker is attempting to diversify its supply base in light of escalating tensions between the United States and China. Nvidia’s principal chip-making partner is Taiwan-based TSMC.
Intel CEO Pat Gelsinger is upbeat about his recovery approach. The business intends to establish semiconductor foundries in the United States, similar to Taiwan Semiconductor Manufacturing (TSM) in Asia. He repeated last month that Intel is on track to reclaim its leadership in chip manufacturing technology by 2025, with many significant breakthroughs in its semiconductor production process planned over the next four years.
The chip test yielded positive results, which were publicly announced by Nvidia’s CEO, are a significant indicator that the two businesses’ partnership is developing. Additionally, Nvidia is so far ahead of Intel in the GPU market that it is probably less concerned about any danger from rivals.
Regarding the possible collaboration, Nvidia has affirmed that they have no further comments to offer, reiterating what Huang had previously stated earlier in the week. Intel stated that it had no comment on the CEO of Nvidia’s statements, But it cited a previous announcement in which Nvidia had pledged support for the RAMP-C program of the U.S. Department of Defence to build a domestic foundry infrastructure.
The aspect of national security is significant. The CHIPS and Science Act, signed by President Joe Biden in 2022, provided around $50 billion in funds to advance American chip production. But if domestic semiconductor fabs don’t have sizable clients eager to employ them, all the money in the world is useless.
Running U.S. military defense systems and cloud computing services requires dependable access to Cutting-Edge semiconductors. The only business that has facilities in the United States and has the size to make chip manufacturing profitable locally is Intel.
The American government needs to press Nvidia to cooperate with Intel. Everyone has a stake in seeing a successful manufacturer of sophisticated semiconductors outside Asia.
If manufacturing cooperation did arise, both businesses would benefit. For its nascent chip manufacturing sector, Intel would have its much-needed flagship U.S. client. If the geopolitics between the United States and China deteriorate, Nvidia would have access to a wider variety of vendors and additional means of controlling TSMC’s pricing.
Intel Long (Buy)
Enter At: 32.28
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