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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 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.
Retail sales report shows consumers are still spending; Intel strikes AI deal with Amazon
Retail sales ticked up 0.1 percent from July to August, after jumping the most in a year and a half the previous month, the Commerce Department said Sept. 17. Online retailers, sporting goods stores,
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.
3d
on MSN
Intel CEO Pat Gelsinger's turnaround plan gets massive boost.
It's also building and expanding a contract chip-foundry business tied to investments from President Joe Biden's Chips Act ...
2d
Intel splits its struggling foundry division into an independent subsidiary
Intel CEO Pat Gelsinger informed employees that the company is transforming its foundry arm into an independent subsidiary, ...
CRN
3d
6 Big Intel Changes, Wins Outlined By CEO: AWS Chip Deal, Independent Foundry, Factory Delays
Intel Pat Gelsinger said the company plans to make its foundry business independent and delay European construction projects, ...
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 ...
Digi Times
9h
Intel Foundry splits into independent entity with own board; effectiveness remains uncertain
Intel CEO Pat Gelsinger has sent another internal memo to employees six weeks after the previous one. The theme this time is ...
20h
on MSN
Intel Says It Won't Sell Mobileye, Ruling Out One Option To Raise Capital
Intel said it has no plans to sell its majority stake in self-driving technology firm Mobileye, ruling out one potential cost ...
3d
Intel's Pat Gelsinger is 'right person' for the job: Analyst
Creative Strategies CEO and principal analyst Ben Bajarin joins Asking for a Trend to discuss Intel (INTC) CEO Pat ...
Digi Times
1d
Intel Foundry spinoff improbable: 3 lessons from supply chain industry
Intel CEO Pat Gelsinger has unveiled the company's first major transformation strategy in over four decades, including the ...
2d
on MSN
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 ...
Seeking Alpha
1d
Intel: Gelsinger's Optimism Isn't Enough To Turn Around Its Sinking Ship
The former King of semis has attempted to calm investors' nerves, as CEO
Pat
Gelsinger
clarified its roadmap in a recent ...
TweakTown
2d
Intel announces major changes ahead: manufacturing, job cuts, prioritizing x86 CPU business
Intel has been struggling for a while now, with rumors of an emergency board meeting being held where CEO
Pat
Gelsinger
...
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