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Intel turns foundry business into subsidiary

Intel’s big turnaround plan includes spinning off its chipmaking business

Intel is spinning off its chip-making 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.

Hosted on MSN · 2h

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.

Reuters on MSN · 23m

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

Intel's foundry, or contract manufacturing business, has signed up Amazon's cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence.

Intel awarded up to $3 billion from US

CNBC on MSN · 2h

Biden administration awards Intel up to $3 billion under the Chips Act

The Biden administration awarded Intel up to an additional $3 billion under the CHIPS and Science Act for the "Secure Enclave" program, designed to expand the supply of microelectronics for the Department of Defense.

Reuters · 2h

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.

MarketWatch · 4h

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,

Intel, PlayStation

In Depth

Reuters · 13h

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 effort to build its fledgling contract manufacturing business, according to three sources with knowledge of the events.

The Verge · 6h

Sony reportedly picked AMD over Intel for the PS6

A report from Reuters focuses on Sony’s plans beyond this fall’s new $700 system, saying that the battle to win a contract for the chip powering a future PlayStation 6 came down to AMD vs. Intel, with others like Broadcom eliminated earlier,

Digital Trends on MSN · 9h

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 ago. The Latest Tech News, Delivered to Your Inbox

1hon MSN

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 ...

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.

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 ...

4hon 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.

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.

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 ...

1hon 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 ...

Intel reveals foundry split plan, AWS deal

On a busy Monday, Intel announces AWS, CHIPS Act deals, a new approach with Intel Foundry, and plans for European and U.S.

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