Intel, Amazon
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.
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs. Intel's foundry will also produce artificial intelligence (AI) fabric chips for Amazon Web Services using Intel's newest 18A technology, as well as Xeon 6 chips using its Intel 3 technology.
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 reinvig
Intel Lands Amazon Chip Deal Amid Foundry Split, Plant Pullback
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.
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 got some in the form of two new announcements about Intel's foundry division. The news sparked a 9.2% jump in the stock price over two days (Sept. 16-17).
Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans
The most significant transformation of Intel in over four decades” includes $10 billion in cost cutting and foundry business spinoff.
Intel shares soar nearly 8% after multibillion-dollar chip deal with Amazon
EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel's investors as the chipmaker’s shares had fallen nearly 60 per cent this year.
Intel to produce semiconductor chips for Amazon Web Services at New Albany plant
The partnership, which the companies describe as a multi-year, multi-billion-dollar co-investment, comes as Intel continues to build out its $28 billion chip manufacturing complex in New Albany.
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.
Intel’s German Plant Delay Lands a Blow to EU’s Chip Ambitions
Intel Corp.’s decision to postpone its planned factory in Germany marks a setback for the European Union’s semiconductor ambitions and will reignite controversy in Berlin over where to allocate €10 billion ($11 billion) in earmarked subsidies.
You’ll Wish You Hadn't Ignored Intel Stock
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel said it's turning its foundry business into an independent unit with its own board and the potential to raise outside ...
For Intel's Stock, It's Been 'One Disaster After Another'
As Intel reportedly considers selling parts of its business to stem losses, analysts warn Intel’s issues could still get ...
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 ...
Intel Stock Gains for Second Day
Intel (INTC) stock was set for one of its best two-day stretches in recent years, as investors reacted to a series of ...
Intel's Beaten-Down Stock Is Getting a Reprieve Today
Shares of the chipmaker rose Tuesday, lifted by Monday night's update to CEO Pat Gelsinger’s plans to re-energize the company ...
Intel Stock: Turning Bullish For The First Time In Years (Rating Upgrade)
Intel is expected to present a new reorganization plan to the board later this month. Read more to see why I'm now bullish on ...
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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 ...