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Intel, Amazon
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.
Intel stock surges 14% on AI chip deal with Amazon
The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.
Intel's Amazon chip deal lifts investor confidence in money-losing foundry unit
Intel shares jumped 7% before the bell on Tuesday, as a chip-making deal with Amazon's cloud business provided a major stamp of approval for its struggling contract manufacturing business. The chipmaker will build custom AI chips for Amazon Web Services (AWS) as part of the multibillion-dollar deal.
7h
Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
Yet its foundry business has shown potential for improvement. Intel will turn that business into a separate subsidiary, ...
3d
on MSN
Intel Gains After Landing Amazon Deal, Preparing Factory Split
Intel Corp. shares surged for the second straight day after the troubled chipmaker made a raft of announcements, spurring ...
4d
Intel, AWS to expand AI chipmaking partnership
Intel (INTC) and Amazon Web Services (AMZN) have announced a co-investment into a multi-year strategic collaboration to ...
2d
on MSN
Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently ...
1d
Is Intel's Turnaround Story Over? (Rating Downgrade)
Despite revenue growth, Intel reported $2.8 billion in operating losses in Q2 due to higher manufacturing costs. Explore more ...
News Nation on MSN
1d
Intel’s Ohio facility to be spun off into new company
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany, Ohio, will be spun off into a ...
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