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.

Chip designers Nvidia and Broadcom are running tests on Intel’s 18A manufacturing process, it was reported on Monday.

Intel shares powered higher in early Monday trading following reports that both Nvidia and Broadcom are looking to test the chipmaker's advanced AI production techniques in what could be an early and important endorsement of its nascent turnaround plans.

Intel Corp. has again pushed back the expected opening for its semiconductor project in central Ohio. The struggling chipmaker announced Friday that construction on the first of its two factories — known as fabs — planned for New Albany is now expected to be completed in 2030 and begin operations between then and 2031.

Intel’s plans to build two chip factories in New Albany, Ohio for an investment of more than $28 billion have been postponed. One of the plants was planned to be operable in 2025, according to The Wall Street Journal. The new timelines are:

Intel's promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany now expected to be completed only by 2030, the struggling chipmaker said on Friday.