The news: Nvidia CEO Jensen Huang announced that the company is open to using Intel’s foundries to increase future output of GPUs, per The Register.
Why it's worth watching: Intel has been promoting its plans to pivot into becoming a foundry for other chipmakers. Nvidia’s openness to entrust Intel with the production of its in-demand GPU chipsets is a huge vote of confidence that could attract other companies.
Why this could succeed: Lack of diversification in chip fabs was the primary reason for the chip shortage. In context, TSMC is responsible for producing most of the chips for Apple, Qualcomm, Nvidia, and AMD.
A bonus for Intel: Attracting chipmakers to use its foundry services could help Intel retake its position as the leading chip producer after it fell to Samsung last year.