Intel’s stock extends its gains on hopes AMD could go from rival to partner

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Intel Corp. and Advanced Micro Devices Inc. are rivals — and perhaps soon-to-be partners.

The chip companies are in early-stage discussions over AMD

AMD potentially becoming a customer for Intel’s INTC foundry business, Semafor reported on Wednesday, citing unnamed people familiar with the matter. How much manufacturing Intel would do for AMD through a hypothetical partnership is unclear, and there’s no guarantee the companies will move forward with a deal.

This post was originally published on Market Watch

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