Tesla selects Intel's 14A chip process for Terafab complex [Yahoo! Finance]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: Yahoo! Finance
The deal positions Intel to supply its next-generation chip designs for Tesla's AI processor projects, marking the first major external customer for the 14A process. Intel has stated in the past that it is in talks with several companies about the 14A technology, though Musk's announcement is the first time a prominent customer has been identified. The development is viewed as a significant move for Intel as it seeks to grow its contract chip manufacturing operations to better compete against industry leader TSMC. Intel leadership has previously indicated that the company may exit contract manufacturing if it does not attract key clients. Investors responded to the news with Intel's share price rising by 3.6% in after-hours trading. Tesla, meanwhile, signalled an increase in capital investment, with Musk describing this as vital to future revenue plans. Despite this, Tesla's shares saw a slight decline after markets closed. Earlier this month, Intel partnered with Musk'
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