Intel shares rise after Elon Musk mentions possible chip partnership
Crypto Briefing
Intel shares increased after Elon Musk indicated Tesla is open to partnering on future chip production.Summary
Intel shares climbed 2.3% after Tesla CEO Elon Musk stated at the company's annual meeting that he was open to discussing potential chip production partnerships with Intel. Musk noted that even if current suppliers like TSMC and Samsung meet best-case scenarios, it will not be sufficient for Tesla's long-term needs. Tesla is actively developing its own AI chips and is exploring manufacturing collaborations to bolster its self-driving technology initiatives, viewing Intel as a potential partner for chipmaking.
(Source：Crypto Briefing)