Intel announces a partnership with its rival AMD in bid to take on Nvidia

Bitter rivals **Advanced Micro Devices** Inc and Intel Corp on Monday unveiled a partnership that will help the chipmakers take on **Nvidia Corp** . [caption id=“attachment_4016125” align=“alignleft” width=“380”] Intel logo. Image: Reuters.[/caption] Under the partnership, AMD’s semi-custom graphics chip will be integrated into Intel’s new multi-chip processor package for personal computing. AMD’s shares were up 6.5 percent at $11.84 in early trading. Intel was up 1 percent, while Nvidia was down 0.5 percent. Designed by **Intel** , the new product will integrate an Intel core processor together with a semi-custom Radeon graphics chip and second-generation high bandwidth memory (HBM2) into one package, AMD said in a statement.