Intel secures a multi-year, multi-billion-dollar deal with AWS to manufacture custom AI chips.

Intel has secured a multi-year, multi-billion-dollar deal with Amazon Web Services (AWS) to manufacture custom artificial intelligence chips, including an AI fabric chip using its advanced 18A process. This partnership strengthens Intel's efforts to revive its business amid recent struggles, with plans to establish its foundry as an independent subsidiary. Intel is also delaying new factories in Germany while focusing on U.S. expansions. The announcement led to a surge in Intel's stock.

September 16, 2024
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