Feng Huang Wang·2025-10-01 23:03Core Insights - Intel is in early negotiations with AMD to potentially become a wafer foundry client, which could signify renewed confidence in Intel amid its ongoing struggles [1][3] - Intel's stock rose over 7% following the news, reaching its highest level since April 2024 [1] - The U.S. government has been actively supporting Intel, viewing its success as crucial for maintaining leadership in semiconductor manufacturing [3] Group 1 - Intel has received investments and public support from the White House, Nvidia, and SoftBank over the past seven weeks, and is reportedly in talks with Apple for potential support [3] - There is uncertainty regarding the extent of production tasks AMD would transfer to Intel if an agreement is reached, as well as whether the deal would involve direct investment from AMD [3] - Intel's foundry business has been struggling with losses, impacting the company's overall performance [3] Group 2 - The U.S. government has agreed to acquire approximately $8.9 billion worth of Intel's shares, making it one of the largest shareholders, with part of the investment coming from subsidies under the CHIPS Act [3] - Under the Trump administration, several major U.S. companies have shifted some production, primarily lower-end chips, to Intel's U.S. foundries [4]