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 got some in the form of two new announcements about Intel's foundry division. The news sparked a 9.2% jump in the stock price over two days (Sept. 16-17).
Intel to spin off chip fab business unit as AWS signs up for custom AI chips
According to Gelsinger, spinning off Intel Foundry as a fully independent subsidiary will enable it to evaluate independent funding sources. The decision was made days after Gelsinger and other executives met with Intel’s board of directors to assess the future of the company.
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with ...
After a disastrous second quarter earnings report in August that resulted in the worst trading day for the company’s stock in ...
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Intel Stock Rises After a Report of a $3.5B Pentagon Chip Dealcovering some of the most notable news stories of the time. Glowimages / Getty Images Intel has reportedly won $3.5 ...
Here are links to the previous two articles in this series: Semiconductor stocks most favored by analysts Chip makers expected to increase ... 18 price Consensus price target Implied 12-month upside ...
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The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the ...
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