The chip company’s stock has been on an incredible run and the gains just keep on coming.

Intel Corp., Tesla Inc., xAI, and SpaceX finalized a landmark TeraFab partnership on Tuesday, positioning Intel as a core technology and manufacturing partner to scale next-generation AI and semiconductor production.

Google and Intel are collaborating on CPUs and custom infrastructure chips to scale AI.

Intel stock has risen sharply over the past year and recently hit a new 52-week high. Is it too late to buy into the turnaround story?

Intel confirmed it has signed on to Musk’s Terafab initiative, a Tesla/SpaceX/xAI effort to build vertically integrated chip factories, and said it will help refactor silicon fab technology. As reported by Bloomberg, CEO Lip-Bu Tan described the collaboration as a step change in how advanced chips and packaging are produced.

Intel was the second-best performer in the S&P 500 on Wednesday.

Intel Arc GPUs can now run Crimson Desert after a driver update, but players still report glitches, crashes, and missing features.

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.