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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.

Bloomberg on MSN · 4d

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.

PCMag on MSN · 4d

Intel Developing AI Chips for Amazon in Multibillion-Dollar Deal

Intel is making two new AI-capable chips for Amazon's cloud computing unit, including one based on Intel's Xeon 6.

Qualcomm Approached Intel About a Takeover

Beebom · 3h

Qualcomm Approaches Intel For a Possible Takeover

According to a recent report, Qualcomm approached Intel to acquire its business. However, people who are familiar with the matter say it's far from certain.

Bloomberg on MSN · 1h

Chipmaker Qualcomm Is Said to Explore Friendly Takeover of Intel

Qualcomm Inc. has approached Intel Corp. to discuss a potential acquisition of the struggling chipmaker, a person with knowledge of the matter said, raising the prospect of one of the biggest-ever M&A deals.

Reuters on MSN · 9h

Qualcomm approached Intel about a takeover in recent days, source says

Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled chipmaker, a source familiar with the situation said on Friday, in what could be a transformational deal in the sector but faces many hurdles.

TMCnet21h

Flapmax Expands Collaboration with Intel to Launch Quantum AI Challenge

Flapmax, in collaboration with Intel, today announced the launch of the Quantum AI Challenge, an initiative designed to ...

50m

Qualcomm-Intel Deal Mulled, Biden AI Safety, More

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

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 ...

Intel's wild week leaves Wall Street more uncertain than ever about chipmaker's future

Intel still makes the majority of processors at the heart of PCs, laptops, and servers, but that’s not enough to appease ...

10d

Intel Lunar Lake Processors Are Set To Shake-Up The AI PC Landscape

In the over two decades that I’ve been covering the PC space, I have rarely seen such confidence in a next gen product as ...

Intel shares jump 6% after plan to spin off AI chip-making arm

Intel closed the day up 6.4% following an announcement that the firm would spin off its foundry business into a new entity ...

Move Over, Nvidia: Billionaires Are Selling Its Shares and Buying Up These 2 Artificial Intelligence (AI) Stocks Instead

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Is it time to buy an AI-powered Copilot+ PC?

To get the maximum benefits of the latest technology, you must jump in when it is reasonably mature, with ample choices in the market.

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