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Nvidia CEO says interested in exploring chip manufacturing with Intel -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Nvidia Corporation logo is displayed at the Computex Computer Exhibition in Taipei (Taiwan), May 30, 2017. REUTERS/Tyrone Siu

Chavi Mehta, Jane Lanhee Lee

Nvidia (NASDAQ) Corp. is open to exploring Intel Corp (NASDAQ:) Chief Executive Officer Jensen Huang stated that the company is a foundry to make its chips during a conference call on Wednesday.

Huang said, “They are open to us using their foundries.” Huang stated that they are very open to exploring the idea. Huang said however that discussions about foundries take time because it is not about “buying” milk but integrating supply chains.

Intel, which had been producing mainly chips designed by itself, made the decision to diversify its business and make chips that other designers can design. It announced several multibillion dollar projects to build new centers of manufacturing in Europe and the United States.

After Huang’s remarks, Intel shares rose by as high as 2.5%

Taiwan Semiconductor Manufacturing Co. is responsible for the majority of Nvidia chip production today.

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