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INTC Stock Jumps Overnight: CEO Says Intel Will Keep Working With Musk's Terafab Amid TSMC Partnership Buzz
Stocktwits ·
Stocktwits reports: Intel Corp. (INTC) shares jumped about 2.5% in overnight trading heading into Wednesday after CEO Lip-Bu Tan said the chipmaker will continue working with Elon Musk’s Terafab, easing concerns that Taiwan Semiconductor Manufacturing Co. (TSM) could displace Intel in the ambitious chipmaking project. Intel will remain involved in Terafab, Tan told Bloomberg. His comments come after Musk said earlier this week that he was in discussions with TSMC over a potential…