A combination of broad market momentum and excitement over recent business developments has pushed Intel’s stock to levels not seen in five years.

Intel funneled billions into the facility, including $500 million it was granted from the US CHIPS Act. Now, Fab 9 and its neighbor, Fab 11X, are critical infrastructure for one of Intel’s quietly fast-growing businesses: advanced chip packaging.

Intel announced a partnership with Elon Musk’s Terafab AI project, a development relevant to advanced chip manufacturing for artificial intelligence. The semiconductor facility in Austin, Texas,

Intel has joined Tesla, SpaceX and xAI's $25B 'Terafab' project, confirming what was already obvious: Tesla isn't actually going to build its own chip fab.

Intel Corporation (NASDAQ: INTC) shares rose on April 7, 2026, climbing about 4% on a wave of heavy trading volume. The catalyst was a landmark announcement confirming Intel's central role in the ambitious Terafab project,

Intel Corporation stock rallies on the $14.2B Fab 34 buyout and Musk Terafab news, but execution risks remain and volatility looms. Click for this INTC update.

SambaNova today announced the next phase of its collaboration with Intel: a heterogeneous hardware solution that combines GPUs for prefill, Intel Xeon® 6 processors as both host and "action" CPUs, and SambaNova RDUs for decode to deliver premium inference for the most demanding Agentic AI applications.

The landmark partnership between Intel and Nvidia announced last year could see new CPUs featuring GeForce RTX graphics arrive in 2028.