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Intel, Chips
Intel’s big turnaround plan includes spinning off its chipmaking business
Intel is spinning off its chipmaking business as part of its plans to reverse billions in losses and a tumbling stock price. In an announcement on Monday, Intel CEO Pat Gelsinger said the Intel Foundry will become an independent subsidiary with “clearer separation and independence” from Intel.
Intel moves to spin out foundry business, inks AI chip deal with AWS
Intel announced it'll pause its chip-making plans in Poland and Germany -- and expand a deal with AWS to build custom chips, including an AI processor.
Intel shares jump on chip deal with Amazon
Intel’s partnership with AWS is part of the chipmaker’s attempt to play catch-up. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.
6h
on MSN
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.
7h
U.S. Awards Intel $3 Billion for Military Supply Program
The Biden administration announced an award for the struggling chipmaker as part of an effort to establish secure supply ...
7h
Intel and AWS to expand chip making collaboration, Intel shares surge
Intel and Amazon's AWS said on Monday they would expand their collaboration, including a co-investment in custom chip designs ...
6h
on MSN
Sony reportedly picked AMD over Intel for the PS6
What’s next after the PS5 Pro? A report from Reuters focuses on Sony’s plans beyond this fall’s new $700 system, saying that ...
1h
on MSN
Watch These Intel Price Levels as Stock Surges After CEO Provides Business Update
Intel shares surged nearly 8% in extended trading on Monday after the embattled chipmaker’s CEO provided an update on the ...
In Depth
12h
In Depth
Exclusive: How Intel lost the Sony PlayStation business
Intel lost out on a contract to design and fabricate Sony’s PlayStation 6 chip in 2022, which dealt a significant blow to its ...
8h
on MSN
Intel’s stock could register biggest two-day gain in 22 years on upbeat foundry moves
Semiconductor stocks are weak on Monday, but Intel Corp. shares are a rare bright spot.
Digital Trends on MSN
13h
Intel almost designed the chip for the PlayStation 6
It looks like AMD will be designing the PlayStation 6, as Intel reportedly lost a contract to design the console two years ...
9h
Intel Gets up to $3 Billion From US for Secure Enclave
(Reuters) - President Joe Biden's administration said on Monday that Intel Corp has been awarded up to $3 billion in direct ...
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