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Intel, Chips
Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel said it's turning its foundry business into an independent unit with its own board and the potential to raise outside capital.
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.
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 Gets Up to $3B for Semiconductor Production
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, under a multi-year, multi-billion-dollar framework.
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 funding under the CHIPS and Science Act for the Secure Enclave program.
Intel Gets Up to $3B for Semiconductor Production Under Secure Enclave Program
Intel has been awarded up to $3 billion in direct funding to expand semiconductor manufacturing under the Chips and Science Act, the microprocessor and semiconductor company said. The funding falls under the act's Secure Enclave program and builds on previous projects between Intel and the Defense Department,
4h
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 ...
22m
Intel inks AI chip deal with AWS, pauses plans in Poland and Germany
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.
4h
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.
In Depth
15h
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 ...
5h
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.
3h
Intel lands $3 billion grant to make semiconductors for U.S. military
Intel shares got a big bump on Sept. 19 on news that it will fabricate top-secret U.S. military semiconductors.
2h
on MSN
Germany's coalition argues over Intel subsidies in new budget dispute
A new budget dispute emerged within Germany's ruling coalition on Monday, with the finance ministry saying funds no longer ...
3h
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 ...
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