Intel and Google deepen AI ties for chip design

Intel and Google Cloud expanded their partnership to deploy Gemini Enterprise across Intel's workforce and integrate agentic AI tools into chip design, but Intel shares fell 5.84% the same day—driven not by the deal but by TSMC's raised capex guidance and AMD's data center revenue overtaking Intel. If you're selling chip design software or services to Intel, you're now competing with Google Cloud—which controls both the AI platform Intel's engineers use and the silicon they design on. Intel's engineers building custom silicon now run workflows on infrastructure owned by a rival in AI accelerators.