AMD is reportedly in early-stage talks with Intel about becoming a customer of the US chipmaker.

The news was first reported by Semafor, which said it’s unclear if any potential deal would result in AMD shifting a percentage of its manufacturing to Intel, or instead comprise direct investment. The unnamed sources cited in the report also noted that it's possible that no agreement will be reached.

Spokespeople for AMD and Intel declined requests to comment from Semafor.

The news comes a week after it was reported that Intel had engaged a number of companies, including Apple, in conversations regarding potential investments and partnerships, in an effort to reverse its fortunes after what has been a turbulent time for the US chipmaker. The company has seen its market share eroded both in chip design and manufacturing, damaging the capabilities of the US's only leading-edge chipmaker.

While talks with the iPhone maker are also said to be at an early stage, the struggling chipmaker has managed to secure a number of large investment deals in recent months, including $2 billion from SoftBank in August and $5bn from Nvidia last week. The Nvidia cash came as part of an agreement between the two companies to jointly develop custom data center and PC hardware.

In August, the US government also announced it had taken a 9.9 percent stake in Intel, with the state investing $8.9 billion in the chipmaker – $5.7bn of which came from funds that would have been awarded to the company through the CHIPS Act, and $3.2bn from funds under the Secure Enclave program.