Intel Secures 3 Million Chip Order from Google for 2028; Shares Surge 12%
INTC•Intel has secured an order for over three million AI chips from Google for delivery in 2028, a major contract manufacturing win as it seeks to reclaim ground lost to TSMC. Shares rose as much as 12%, extending a 169% year-to-date gain under CEO Lip-Bu Tan’s turnaround strategy.
1. Google Places Major 2028 Chip Order
Alphabet’s AI unit has committed to purchasing over three million Intel-designed chips for 2028, marking one of Intel’s largest manufacturing wins and bolstering its efforts to reclaim share from TSMC.
2. Nvidia Evaluating Intel Technology
Nvidia is conducting early trials of Intel’s advanced chip designs as it considers future orders, reflecting broader industry demand for diversified supply beyond TSMC.
3. Stock Reaction and Turnaround Momentum
Intel’s shares climbed 12%, contributing to a 169% year-to-date rise driven by confidence in CEO Lip-Bu Tan’s strategic reforms, U.S.-based production advantages and recent capital commitments from government and key investors.
