Intel has staged a dramatic comeback, with the stock more than doubling over the past month as investors grow increasingly optimistic about the company’s turnaround. The central thesis is that Intel Foundry is beginning to attract major customers and could evolve into a strategic manufacturing partner for the broader semiconductor industry.
Several recent developments support that view. SK Hynix is reportedly exploring Intel’s advanced packaging technologies, including EMIB and Foveros, to assemble next-generation AI accelerators. The Wall Street Journal also reported that Apple is in discussions with Intel about manufacturing select chips. In addition, CEO Lip-Bu Tan hinted at new collaborative products with Nvidia.
These announcements are significant because they suggest Intel is gaining traction in both manufacturing and advanced packaging—two areas that are essential to the future of AI hardware. Success in these businesses would diversify Intel beyond its traditional CPU franchise and create a new long-term growth engine.
The stock’s recent move has been extraordinary, and volatility is likely. But if Intel continues to convert high-profile relationships into commercial wins, the turnaround story may still be in its early stages.