Reported 25 days ago
Intel's stock surged approximately 23% in one week, marking its biggest weekly gain since 2000, spurred by US Vice President JD Vance's supportive remarks on domestic AI chip production. This rally follows his comments at the AI Summit, advocating for American-designed chips. Despite speculations about a potential joint venture between Intel and TSMC to bolster Intel's manufacturing capability, analysts express skepticism regarding TSMC's willingness to collaborate closely with a key competitor.
Source: YAHOO