Nvidia CEO Jensen Huang says he’s interested in exploring chip manufacturing with Intel

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Nvidia is interested in using Intel to manufacture its chips, Chief Executive Officer Jensen Huang said in a call with reporters on Wednesday.

“They are interested in us using their foundries. We are very interested in exploring it,” Huang said. But he added that discussions in foundries take a long time because of supply chain integration.

Early last year, Intel, which mainly made chips it designed, decided to expand its business into making chips also designed by others, the so-called foundry business, announcing several multi-billion dollar projects for new manufacturing centers in the United States USA and to Europe.

Intel’s shares rose as much as 2.5 percent after Huang’s comments.

Investors have been looking for public commitments from chip design companies to use Intel’s chip fabs. Last year, Intel said Qualcomm and Amazon would be customers for its foundry business.

Intel CEO Pat Gelsinger told Reuters after a US Senate hearing on Wednesday that his company was “thrilled by their interest in using our foundry capabilities.” He said he “doesn’t have a specific schedule”. He confirmed that there are ongoing discussions with Nvidia.

“I’m sure he’s interested in having more options … and it doesn’t cost him anything to say that,” Bernstein analyst Stacy Rasgon said of Huang’s comments. “But it says nothing at all about what it will actually be like when they get there.”

Currently, Taiwan Semiconductor Manufacturing Co. builds the bulk of Nvidia’s chips, and Huang said “being a TSMC-caliber foundry is not for the faint of heart,” adding that a culture shift is needed to not only but also to offer services.

When asked if he would be worried about working with a competitor like Intel, Huang said that trust and cooperation with industry partners are key, and Nvidia has a long history of working with many companies, including Intel.

“Intel has known our secrets for years,” he said.

© Thomson Reuters 2022

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