Intel stock pops on news company is in early talks to add AMD as a customer

Intel's CEO Lip-Bu Tan speaks at the company's Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025.Intel is in early talks with AMD to manufacture chips for it in its foundry business, according to a report from Semafor.Intel shares rose 6% on the news. AMD shares were flat.If AMD were to start manufacturing chips with Intel, it would be a significant win for the company's foundry business, which is currently seeking big customers. Analysts say that a big customer would a ...