STORY: Alphabet's Google has placed an order with Intel for more than three million chips in 2028.
:: Intel
:: Nvidia
That's according to the news site The Information Monday which also reported that Nvidia is evaluating Intel's technology and running early trials as it considers future orders.
:: Intel
Shares of Intel jumped as much as 12% Monday morning to add to the nearly 169% gain so far this year, on the back of signs of steady turnaround progress under CEO Lip-Bu Tan.
:: Intel
Intel declined to comment on the report, while Alphabet and Nvidia did not immediately respond to requests for comment.
Reuters could not independently verify the report.
The potential order for Google's in-house AI chips would be a major win for Intel's contract manufacturing business, as the company works to regain ground it lost to Taiwan's TSMC after years of management missteps.
:: Archive
According to The Information's report, surging demand has led companies to seek out other manufacturers as TSMC tries to keep up with orders.
Since Lip-Bu Tan took charge, Intel has secured billions of dollars of investments from the Trump administration, Nvidia and SoftBank.
It is also working on chips for Tesla.
:: Intel
One analyst told Reuters that companies are supporting Intel because it has U.S.-based manufacturing, which is important for relationships with the Trump administration.
