** Shares of chipmaker Intel INTC.O rise 3.2% to $21 premarket
** Intel has reportedly entered into a large-scale foundry contract with software giant Microsoft MSFT.O using its 18A process, South Korea's Chosun Biz reported
** Tech heavyweights Google GOOGL.O and Nvidia NVDA.O are also in talks - report
** Intel's 18A process is facing "ups and downs," the company said last month and high-volume production on 18A will begin towards the second-half of 2025
** Reuters reported in March that Broadcom AVGO.O and Nvidia have run tests on Intel's 18A
** Up to last close, Intel had risen 1.3% YTD
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@thomsonreuters.com))
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