Intel's 18A process could boost its struggling chip business, with Nvidia, Broadcom, and AMD considering using it. Intel stock surged after report.

Intel's 18A chip process attracts interest from Nvidia and Broadcom, raising hopes for major manufacturing contracts

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

Intel was gaining early Monday on the prospect its chip-manufacturing business could gain major customers in Nvidia and Broadcom. Chip designers Nvidia and Broadcom are both running tests on Intel’s 18A manufacturing process,

Advanced Micro Devices (AMD) is also considering Intel's 18A process, though it is unclear if AMD has submitted test chips.

Intel (INTC) shares climbed nearly 4% in morning trading on Friday after a Reuters report said that Nvidia (NVDA) and Broadcom (AVGO) are running manufacturing tests using Intel’s 18A process. The report also stated that Advanced Micro Devices (AMD) is evaluating Intel’s technology but did not confirm whether AMD has submitted test chips for production.