Alphabet’s Google reportedly placed an order with Intel to manufacture more than 3 million of its specialised AI chips in 2028, a move which increases pressure on Taiwan Semiconductor Manufacturing Co. (TSMC).

The Information reported Google plans to use Intel to manufacture some of its tensor processing units (TPUs) after months of testing the chipmaker’s manufacturing capabilities.

Google Cloud’s TPUs are custom chips purpose-built for AI and optimised for training and inference of advanced AI models.

The news agency’s sources state the move reflects mounting strain on TSMC, which is struggling to meet surging demand for its foundry capacity, pushing customers to seek alternatives.

The deal marks another significant win for Intel after CEO Lip-Bu Tan, who spent much of last year shoring up Intel’s balance sheet through major external investments, now appears to be delivering on operational improvements which seemed unlikely a year ago.

In April 2026, Google expanded its long‑running partnership with Intel, committing to use multiple generations of the chipmaker’s CPUs in its AI data centres.

The same month, Intel revealed a plan to join Elon Musk’s Terafab AI chip project to build processors which would power the billionaire’s orbital data centres and humanoid robots.

Last month, the tech giant struck a joint venture agreement with asset management company Blackstone to create a US-based AI cloud company, giving a boost to its TPU manufacturing.

The Information also said Nvidia is evaluating Intel’s manufacturing technology for a forthcoming processor which could combine four graphics chips into a single unit.

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AMD unveiled plans to invest up to £2 billion over five years to accelerate AI innovation and research across the UK, using the opening of London Tech Week to spotlight a push on sovereign infrastructure and research partnerships.

The US-based chip company said the commitment aims to support advanced computing, scientific research and workforce development, while expanding access to the infrastructure needed for AI-led discovery and public sector innovation.

AMD CEO Lisa Su said the UK has “the talent, research excellence and ambition to help lead the next era of AI,” adding the company would work with government, academia and industry to expand access to compute infrastructure needed to “advance sovereign AI, accelerate discovery and drive long-term economic growth”.

As part of the plan, AMD announced a slew of AI-focused partnerships. The company teamed with Imperial College London to advance computational science and research spanning areas including healthcare innovation, climate modelling and AI optimisation.

AMD and Dell Technologies will also work with the University of Cambridge on national AI infrastructure projects, including the Zenith AI supercomputer and Sunrise fusion AI system to support AI-driven scientific work across areas including healthcare research, materials science and fusion research.

In addition, the chipmaker will work with photonic networking company Oriole Networks on the UK’s Advanced Research and Invention Agency (ARIA) Scaling Inference Lab, a national testbed for AI hardware focused on targeting infrastructure bottlenecks.

Chancellor Rachel Reeves called AMD’s investment “a major vote of confidence in Britain’s place as a global AI superpower”, while technology secretary Liz Kendall added it reflected “the strength of Britain’s talent, research and ambition in AI”.

London Tech Week starts today (8 June) and runs until 12 June, bringing together technology companies, investors and policymakers to discuss digital innovation across the UK.

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Meta Platforms is reportedly exploring a potential equity raise worth tens of billions of dollars, as CEO Mark Zuckerberg hunts for fresh capital to fund sweeping AI aspirations.

Financial Times (FT) reported the social media giant’s executives are exploring creative ways to boost funds for AI-related capital expenditure.

The publication stated CFO Susan Li is leading the discussions alongside Dina Powell McCormick, who moved from Meta’s board in January to take on the newly created role of president, with a specific focus on AI infrastructure financing and longer-term planning.

In its Q1 earnings report released in April, Meta raised its 2026 capex guidance range from $115 billion-$135 billion to $125 billion-$145 billion.

Zuckerberg is focused on developing so-called superintelligence which he believes will help humanity accelerate its rate of progress.

A person familiar with the discussions told FT it is premature to say if Meta has decided anything, but all financing options are still on the table.

A representative for Meta told Mobile World Live FT’s reporting “is pure speculation”.

“We’ve been clear that huge opportunities lie ahead in AI, and we’ll continue focusing on raising capital in the most flexible ways to support that.”

The potential offering comes as the US equity markets are experiencing a historic surge of activity. Elon Musk’s SpaceX plans to raise as much as $86 billion in an IPO next week, while Anthropic confidentially filed for a listing and OpenAI is also preparing to go public.

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