Intel shares are down 6% after Microsoft developed its own chips

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Intel Corp. Shares closed on Friday following a report that Microsoft Corp. develop internal chips for Surface servers and computers. Intel INTC,
-6.30%
shares closed 6.3% to $ 47.46 on Friday, while shares of Advanced Micro Devices Inc. closed. I HAVE D,
-0.95%,
which also makes CPUs, closed 1% at $ 95.92. Microsoft MSFT,
-0.38%
plans to develop a chip using Arm Holdings PLC designs for its data centers and is exploring using another chip to power its computers, Bloomberg reported Friday. In September, Nvidia Corp. NVDA,
-0.52%
offered $ 40 billion to acquire Arm from Softbank Group Corp. 9984,
+ 0.05%
Nvidia shares closed 0.5% at $ 530.88. Shares of Microsoft fell 0.4% to $ 218.59. In November, Apple Inc. AAPL,
-1.59%,
which had until recently been based on Intel chips, launched computers using internally designed chips.

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