Reported 22 days ago
Intel has secured a deal with Amazon's AWS to develop a custom AI chip, a move that could enhance its manufacturing business and bring momentum to its turnaround plan under CEO Pat Gelsinger. However, the company is postponing construction of new factories in Germany and Poland while focusing on expansions in the US. Despite struggling financially, Intel is gaining significant partnerships and is also eligible for substantial US government funding for military chip production, marking a critical step in its efforts to regain market confidence.
Source: YAHOO