Reported 23 days ago
Intel lost a critical contract to design and manufacture the chip for Sony's upcoming PlayStation 6 in 2022, which negatively impacted their contract manufacturing ambitions. The bidding process came down to Intel and AMD, with Intel ultimately unable to agree on pricing due to profit-sharing disputes, leading to AMD securing the deal. This loss is particularly significant as Sony's console business typically provides steady revenue and would have boosted Intel's foundry operations amidst challenges in attracting marquee clients.
Source: YAHOO