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 funding sources. The decision was made days after Gelsinger and other executives met with Intel’s board of directors to assess the future of the company.
$30 In Sight for Intel Stock After Amazon AI Chip Win?
Intel stock (NASDAQ: INTC) rallied by close to 6% in Monday’s trading and gained by another 8% in after-hours trading, taking the stock to levels of about $22 per share. Intel stock still remains down by over 50% year-to-date.
Intel, AWS Collaboration Advances U.S.-Based Chip Manufacturing
Intel will produce custom chips for AWS; multi-year, multi-billion-dollar partnership accelerates development of Ohio chip manufacturing.
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 strikes deal with Amazon to develop AI chips for AWS
CNBC’s Seema Mody reports on Intel's new deal to build AI chips for Amazon, how it could affect share prices, and more.
Intel inks AI chip deal with AWS, pauses plans in Poland and Germany
Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to mount a turnaround. In a blog post, Intel CEO Patrick Gelsinger said the company would pause its chip fabrication projects in Poland and Germany by two years “based on anticipated market demand,
Intel reveals foundry split plan, AWS deal
On a busy Monday, Intel announces AWS, CHIPS Act deals, a new approach with Intel Foundry, and plans for European and U.S. investments.
How Intel Fell From Global Chip Champion to Takeover Target
Strategic missteps and the artificial intelligence boom have combined to reshape the fortunes of the U.S.’s most storied ...
Apple is now manufacturing one of its iPhone chips in the US
The TSMC Arizona factory has started producing Apple's A16 Bionic chips, which are the processors in the iPhone 14 Pro and 15 ...
Apple A16 chips now being made in the US, creating a mystery
Apple A16 chips are now being made in TSMC’s US chipmaking plant in Arizona, according to a new report. It’s said that while ...
Nvidia's CEO Just Explained Why This Is the Artificial Intelligence (AI) Chip Stock to Own
But Nvidia isn't the only AI chip stock in the market. And CEO Jensen Huang just explained why another company may be worth ...
Intel CEO Lays Out New Steps to Cut Costs and Bolster Chip-Making Division
Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.
Japanese chip fab startup Rapidus reportedly seeking $700M investment
Rapidus Corp., a startup building a two-nanometer chip fab in Japan, is reportedly seeking new funding to support its construction efforts. Bloomberg today cited sources as saying that the Tokyo-based ...
Qualcomm Asked Chip Rival Intel if It Would Consider a Sale
The chipmaker Qualcomm has approached its rival Intel in recent days about the possibility of acquiring the slumping Silicon ...
Electronics Purchasing and Supply News11d
How Advanced Logistics Improve Chip Manufacturing
Advanced logistics processes can make semiconductor manufacturing more reliable, efficient, cost-effective and sustainable ...
State sees first CHIPS Zone company seeking tax credits
The state's newly established CHIPS zones — specially approved boundaries that help advanced manufacturing companies access ...