Intel Stock: Applied Materials Cooperates in Chip Research - Börse Express
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Rising oil prices and increasing US Treasury yields reignited inflation concerns in the financial markets this Thursday, putting technology stocks under selling pressure. Driven by this weak sector environment, Intel shares lost 5.5 percent in value and are trading at 95.40 euros. According to Reuters, the semiconductor sector's weakness was not driven by company-specific news, but rather reflected broad selling pressure on US stock exchanges. Aside from the macroeconomic turbulence, the company continues to drive its technological development forward. On Tuesday, equipment supplier Applied Materials announced a partnership with Intel. The cooperation focuses on next-generation transistors, interconnect technologies, and advanced packaging processes for AI-driven computing applications. The research work will be pooled at Applied Materials' EPIC Center and at Intel's research campus in Hillsboro, USA. For the chip manufacturer, the expansion of manufacturing capabilities comes at an important phase, following reports yesterday regarding the planned Terafab project. Elon Musk had stated that Tesla and SpaceX intend to build and operate the fab complex for AI chips, while Intel CEO Lip-Bu Tan reaffirmed that Intel remains involved in the project. However, the exact scope of this role remained open. Investors expect clarity on the group's operational condition in a few weeks...
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