Reported 21 days ago
Intel Corp. recently announced a significant multibillion-dollar partnership with Amazon Web Services to co-develop an AI semiconductor, boosting investor confidence as its shares surged. Despite this progress, Intel is postponing new factory plans in Germany and Poland to focus on cash conservation and restructuring its foundry operations. The company also aims to cut costs, streamline operations, and optimize its focus on AI technologies, amidst ongoing challenges in regaining market strength.
Source: YAHOO