Google is teaming up with Intel's contract chipmaking arm, a move that one report frames as the most significant opportunity for the struggling business in years.

According to quasa.io, in a piece headlined "Google Gives Intel Foundry Its Biggest Chance in Years," the search giant's decision to work with Intel Foundry represents a notable vote of confidence in a unit that has been trying to win major outside customers.

Intel Foundry is the part of Intel that manufactures chips for other companies, rather than only producing Intel's own processors. Landing a high-profile client like Google matters because the foundry business depends on signing large, name-brand customers to prove its manufacturing is competitive with established rivals.

The source characterizes the development as a turning point, suggesting Intel's foundry effort has lacked this kind of momentum for some time. A partnership with a company of Google's scale can serve as a signal to other potential customers weighing whether to entrust their chip production to Intel.

Beyond the specifics of this arrangement, the details of which are limited in the available reporting, the framing points to broader stakes for Intel as it works to rebuild its standing in the chip-manufacturing market.

Why it matters: A marquee customer like Google could help validate Intel's bid to compete as a contract chipmaker, with implications for who builds the world's advanced chips.