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Intel to spin off its chip foundry
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.
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.
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.
14h
Analyst Downgrades Intel (INTC) On Competition from AMD, Valuation
Sam Stovall, chief investment strategist at CFRA Research, said while talking to CNBC in a latest program that since 1990, ...
14d
Intel Stock Could Dive To $10
Intel stock is at a low and things could get worse before they get better.
Coingape
2d
Watch These 3 AI Coins As Intel Stock Skyrockets
Artificial Intelligence (AI) coins could be preparing to surge as Intel stock (NASDAQ: INTC) surged nearly 8% in extended ...
2d
What's Going On With Intel Stock On Tuesday?
Intel Corp (NASDAQ:INTC) stock maintained upward momentum on Tuesday, a day after CEO Pat Gelsinger clarified its ...
1d
You’ll Wish You Hadn't Ignored Intel Stock
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
6d
on MSN
For Intel's Stock, It's Been 'One Disaster After Another'
As Intel reportedly considers selling parts of its business to stem losses, analysts warn Intel’s issues could still get ...
19h
on MSN
Forget Nvidia: 1 Stock-Split AI Stock to Buy Before It Soars 195%, According to Certain Wall Street Analysts
Nvidia has led the S&P 500 ( ^GSPC -0.29%) higher this year amid frenetic interest in artificial intelligence (AI). The stock ...
Hosted on MSN
2d
Embracing AI Could Turnaround Intel’s (NASDAQ:INTC) Stock
After years of decline, Intel ($INTC) looks positioned for a comeback. Embracing opportunities in artificial intelligence (AI ...
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