Intel Corp. shares closed down Friday following a report that Microsoft Corp. was developing in-house chips for its servers and Surface PCs. Intel (INTC) shares closed Friday down 6.3% at $47.46, while shares of Advanced Micro Devices Inc. (AMD), which also makes CPUs, closed down 1% at $95.92. Microsoft (MSFT) plans to develop a chip using Arm Holdings PLC designs for its data centers, and is exploring using another chip to power its PCs, Bloomberg reported on Friday ( ). In September, Nvidia Corp. (NVDA) offered $40 billion to acquire Arm from Softbank Group Corp. Nvidia shares closed down 0.5% at $530.88. Microsoft shares finished down 0.4% at $218.59. In November, Apple Inc. (AAPL), which had been relying on Intel chips until recently, released computers using in-house designed chips ( ).
-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 18, 2020 16:14 ET (21:14 GMT)
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