Intel Stock News

Intel Corp (NASDAQ:INTC, XETRA:INL) shares moved higher on Friday, adding more than 7% on optimism about demand for AI-powered personal computers. Investors remain bullish on Intel amid escalating trade-secret litigation with Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM).

TSMC is suing Intel for hiring away one of its star semiconductor engineers. Taiwan's government is investigating the hire as a criminal matter.

Major U.S. chip stocks look set for a quiet, low-volume Friday session following Thanksgiving. Nvidia, AMD, and Intel remain within familiar ranges, with key moving averages shaping near-term resistance and dip-buying opportunities.

Chip stocks show signs of stabilizing into the holiday period, with Nvidia, AMD, and Intel each finding support at key price levels. Buyers continue to step in on pullbacks as the sector holds a mildly bullish consolidation pattern.

Wei-Jen Lo's previous employer says he violated noncompete and confidentiality agreements when he jumped ship.

Intel Corp (NASDAQ:INTC, XETRA:INL) has dismissed allegations from Taiwan Semiconductor Manufacturing that its newly rehired executive, Wei-Jen Lo, shared confidential information from his former employer. The US company said it had “no reason to believe there is any merit” to the claims and stressed that its internal policies forbid the use or transfer of third-party intellectual property.

Intel on Thursday denied allegations by Taiwanese chipmaker TSMC that one of the U.S. firm's executives, Wei-Jen Lo, had leaked trade secrets.

TSMC filed a lawsuit Tuesday against a former senior vice president it accused of leaking confidential information to Intel. Wei-Jen Lo joined Intel after 21 years at TSMC, having left in July, TSMC said in a statement.