Who has seen you and who sees you, Intel. The legendary semiconductor firm seems to be leaving behind its painful journey through the desert, and the latest news points to a true resurrection. The signature has achieved a spectacular contract to manufacture three million Google TPUs, and Nvidia is also studying the possibility of use Intel 18A node for future multi-die GPU designs. This is spectacular news for the company.
Promising future, at last. The agreement with Google’s cloud division is a huge boost for the chip manufacturing business (foundry) from Intel. This deal will see Intel produce millions of AI chips at its advanced 3-nanometer node. With it, the firm achieves a decisive step to compete with TSMC, which until now was the absolute reference for those who wanted to access advanced semiconductor manufacturing processes. There is another crucial geopolitical factor here: part of these chips will be produced in the US, which helps in the objective of not depending so much on Asian countries for this process.
Flirting with Nvidia. But Nvidia also seems to be interested in Intel’s 18A photolithographic process. The company led by Jensen Huang is considering the use of this node for its future multi-die architectures for its GPUs. Nvidia has managed to become TSMC’s main customer, but this manufacturer cannot satisfy Nvidia’s demand, so this company is looking for plans B, and Intel is serving it one on a plate. The signature by the way, already bought 4% of Intel in September 2025, so it is the first interested in Intel doing well.
The PowerVia revolution. There are two big technical arguments that are apparently convincing Google and Nvidia. The first, the transistors RibbonFET. The second, even more important, PowerVia technology. This system is a qualitative leap because it physically separates the power and signal lines from the transistors, which avoids bottlenecks and improves both performance and efficiency of the CPUs that use this technology.
Chip sovereignty. This decision by Google and Nvidia’s plan respond in part to the pressures that the US government is doing—and boosting with its CHIPS Act— to recover technological sovereignty and avoid dependence on foreign countries. Both companies know that 90% of the planet’s advanced chips depend on that island called Taiwan, and taking advantage of Intel’s renewed capacity is a great opportunity for kill two birds with one stone. They reduce their dependence on TSMC, and comply with the demands of the US government.
War makes strange allies. The current situation is unique, because it is causing companies that competed fiercely in the field of hardware (Intel and Nvidia) to now be forced to collaborate out of pure necessity. Intel needs clients of this type to demonstrate to investors that its division foundry can operate independently of its consumer processor or server division. And Google and Nvidia in turn need Intel to break manufacturing monopoly of semiconductors that TSMC had.
Intel finally resurrects. The big winner of these agreements is Intel, which has gone through a really compromising stage but has for a year has not stopped growing. We can see it in its valuation on the stock market. A year ago its shares were trading at $20.68, and now they are trading at $107.04 and with these agreements that value may continue to improve. Good for Intel.
Image | Intel
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