Intel shares surge 6% on reports of adding AMD as foundry customer

Core Insights - Intel shares increased by 6% following reports of preliminary discussions to potentially onboard Advanced Micro Devices (AMD) as a customer for its chip-manufacturing operations [1] Company Developments - Intel is exploring a partnership with AMD, which could enhance its chip-manufacturing business and diversify its customer base [1] - The discussions indicate a strategic move by Intel to strengthen its position in the semiconductor industry [1] Market Reaction - The market responded positively to the news, reflected in the 6% rise in Intel's stock price [1]