Intel to Help SpaceX, Tesla Make Chips. Its Stock Is Up.

Intel's stock rose on news that it will assist SpaceX and Tesla in chip manufacturing, signaling a potential expansion of Intel's foundry services beyond traditional clients. This collaboration could diversify Intel's revenue streams and solidify its position in advanced chip production, tapping into high-growth sectors like AI and EVs. Investors are optimistic about Intel's strategic shift and potential market share gains in custom chip fabrication, offering a new competitive angle against rivals like TSMC.