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Intel, Amazon
Intel to Make Custom AI Chip for Amazon, Delay German Plant
Intel Corp. Chief Executive Officer Pat Gelsinger has landed Amazon.com Inc.’s AWS as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker.
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 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.
1h
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, ...
2d
Intel to spin off chip fab business unit as AWS signs up for custom AI chips
According to Gelsinger, spinning off Intel Foundry as a fully independent subsidiary will enable it to evaluate independent ...
1d
on MSN
Dow’s Lack of AI Stocks Puts Blue-Chip Index ‘Behind the Curve’
The rise of artificial intelligence has reordered the American stock market, pushing the likes of Nvidia Corp. and other ...
The Tech Report
2d
Intel Shares Surge 6% Following Plans to Separate Its AI Chip Manufacturing Subsidiary
Intel
has disclosed plans to separate its
AI
chip
manufacturing subsidiary,
Intel
foundry business, to function ...
2d
Amazon's Leaner Structure and AI Chip Partnership with Intel Could Boost Growth: BofA Analyst
BofA Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc (NASDAQ:AMZN) with a price target of $210. The ...
3d
on MSN
Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the ...
3d
Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design
Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.
The Economist
4d
AI has returned chipmaking to the heart of computer technology
All major breakthroughs in computing, from personal computers and the internet to smartphones and artificial intelligence ( ...
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