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Intel, Amazon
Intel foundry business to make custom chip for Amazon, chipmaker's shares jump
Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to package at least one version.
Did Amazon Just Save Intel Stock?
This is especially true when that friend runs the largest cloud computing business in the world and you are a manufacturer of computer chips. That is why Intel (NASDAQ: INTC) stock soared after the company announced a new partnership with Amazon (NASDAQ: AMZN) for custom chip designs for its Amazon Web Services (AWS) subsidiary.
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.
2d
Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
Yet its foundry business has shown potential for improvement. Intel will turn that business into a separate subsidiary, ...
5d
on MSN
Intel strikes multibillion-dollar deal with Amazon, boosting New Albany project
Intel on Monday reaffirmed its commitment to its Licking County project and said it has struck a multibillion-dollar ...
12h
Intel's biggest-ever restructuring: Read the complete memo sent by CEO Pat Gelsinger to employees
Intel CEO Pat Gelsinger announced a significant restructuring of its foundry business into an independent subsidiary to ...
1d
Qualcomm reportedly approached Intel about a takeover. Analysts say they could face political scrutiny and 'little overlap.'
Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary ...
4d
on MSN
Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently ...
EconoTimes
4d
Intel's Amazon Partnership Fails to Impress Wall Street, Analysts Remain Cautious on Foundry Spinoff
Intels recent announcement of a multi-billion-dollar Amazon partnership sparked an 8% jump in its share price. However, major ...
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