Intel Shares Soar on Google Deal To Build TPUs. Here's What It Means for INTC Stock.

After years of losing the plot, Intel (INTC) seems to be gaining back its mojo. While skeptics may dismiss it as a government-led bailout of the beleaguered chip giant, Intel is slowly stacking up the “W's”. This time it is from Alphabet's Google (GOOGL) (GOOG).

According to a report on The Information, Intel has secured an order to build three million TPU chips for Google. To be manufactured in 2028, Intel's advanced packaging capabilities worked in favor of the chip major for this order.