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Intel, Amazon
Intel shares jump on chip deal with Amazon
Intel’s partnership with AWS is part of the chipmaker’s attempt to play catch-up. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to package at least one version.
Intel Gains After Landing Amazon Deal, Preparing Factory Split
Intel Corp. has made a raft of announcements over the past 24 hours in an effort to prove that a turnaround for the troubled chipmaker is starting to bear fruit.
11h
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, ...
EconoTimes
2d
Intel's Amazon Partnership Fails to Impress Wall Street, Analysts Remain Cautious on Foundry Spinoff
Intels recent announcement of a multi-billion-dollar Amazon partnership sparked an 8% jump in its share price. However, major ...
5h
Qualcomm reportedly approached Intel about a takeover. Analysts say they could face political scrutiny and 'little overlap.'
Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary ...
Network World
1d
Intel strikes foundry deal with AWS
We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a ...
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 ...
3d
Retail sales report shows consumers are still spending; Intel strikes AI deal with Amazon
Average paychecks, particularly for lower-income Americans, have also risen sharply since the pandemic, which has allowed ...
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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