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Intel, Amazon
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 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.
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.
21h
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, ...
3d
on MSN
Intel Gains After Landing Amazon Deal, Preparing Factory Split
Intel Corp. shares surged for the second straight day after the troubled chipmaker made a raft of announcements, spurring ...
4d
Intel, AWS to expand AI chipmaking partnership
Intel (INTC) and Amazon Web Services (AMZN) have announced a co-investment into a multi-year strategic collaboration to ...
2d
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 ...
4d
on MSN
Intel unveils Amazon deal to produce custom AI chip; pauses Germany, Poland plants
Intel (NASDAQ:INTC) announced a series of moves aimed at shoring up its finances and its technological prowess on Monday, ...
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