Intel shares soar on reported in-house chip deal with Alphabet

Reuters Videos Mon, June 8, 2026 at 2:49 PM EDT Explore stocks on Coinbase Trading disclosure STORY: Alphabetโ€™s Google has placed an order with Intel for more than three million chips in 2028.:: Intel:: NvidiaThatโ€™s according to the news site The Information Monday which also reported that Nvidia is evaluating Intelโ€™s technology and running early…


Intel shares soar on reported in-house chip deal with Alphabet
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<span>STORY: Alphabetโ€™s Google has placed an order with Intel for more than three million chips in 2028.</span><span>:: Intel</span><span>:: Nvidia</span><span>Thatโ€™s according to the news site The Information Monday which also reported that Nvidia is evaluating Intelโ€™s technology and running early trials as it considers future orders.</span><span>:: Intel</span><span>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.</span><span>:: Intel</span><span>Intel declined to comment on the report, while Alphabet and Nvidia did not immediately respond to requests for comment.</span><span>Reuters could not independently verify the report.</span><span>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.</span><span>:: Archive</span><span>According to The Information’s report, surging demand has led companies to seek out other manufacturers as TSMC tries to keep up with orders.</span><span>Since Lip-Bu Tan took charge, Intel has secured billions of dollars of investments from the Trump administration, Nvidia and SoftBank.</span><span>It is also working on chips for Tesla.</span><span>:: Intel</span><span>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. </span>

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