By Jake Rudnitsky
Publication Date: 2025-12-24 13:14:00
(Bloomberg) — Intel Corp. (INTC) shares fell Wednesday after a report said that Nvidia Corp. (NVDA) halted a test to use Intel’s production process to make advanced chips.
Nvidia recently tested the so-called 18A process but stopped moving forward, Reuters reported, citing two unidentified people familiar with the matter.
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Spokespeople for Nvidia and Intel didn’t immediately respond to requests for comment. An Intel spokesperson told Reuters that the company’s 18A manufacturing technologies are “progressing well.”
Intel’s shares fell about 2.2% as trading got underway in New York.
Intel recently opened a new factory at its Ocotillo site in Arizona known as Fab 52 that’s the first to go into mass production with the 18A technique. The company says it’s the most cutting edge production technology developed and deployed in the US. Intel’s push to make advanced chips domestically is an attempt to challenge the global leader, Taiwan Semiconductor Manufacturing Co., and reassert American leadership in the industry.
Nvidia agreed to invest $5 billion into Intel in September, following the US government’s decision to take a roughly 10% stake in the company. The investment by the world’s most valuable company and a key designer of chips for the artificial intelligence boom was seen as a boost for Intel, which has struggled to stem losses and catch competitors that have…
