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Intel to spin off its chip foundry

Intel rises as Amazon deal boosts struggling foundry unit's prospects

Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major stamp of approval to its money-losing contract manufacturing business.

The Associated Press - Busines… · 3h

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.

Bloomberg L.P. · 1h

Intel Lands Amazon Chip Deal Amid Foundry Split, Plant Pullback

Intel Corp. has made a raft of announcements over the past 24 hours in an effort to prove that a turnaround for the troubled chipmaker is starting to bear fruit.

Intel Awarded up to $3B by the Biden-Harris Administration

CNBC on MSN · 18h

Biden administration awards Intel up to $3 billion under the Chips Act

Harris Administration awarded Intel up to an additional $3 billion under the CHIPS Act, announced in a press release on Monday.

MarketWatch · 21h

Intel Gets Up to $3B for Semiconductor Production Under Secure Enclave Program

Intel has been awarded up to $3 billion in direct funding to expand semiconductor manufacturing under the Chips and Science Act, the microprocessor and semiconductor company said. The funding falls under the act's Secure Enclave program and builds on previous projects between Intel and the Defense Department,

Intel Awarded up to $3B by the Biden-Harris Administration for Secure Enclave

The Biden-Harris Administration announced today that Intel Corporation has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.

59mon MSN

Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.

The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the ...

8m

Intel Is Just Getting Started

Intel's future looks promising with subsidies, despite financial struggles and job cuts. Learn more on INTC stock here.

3h

Intel Stock Gains for Second Day

Intel (INTC) stock was set for one of its best two-day stretches in recent years, as investors reacted to a series of ...

17h

Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts

The Biden administration announced an award for the struggling chipmaker as part of an effort to establish secure supply ...

24m

Intel Drops A Foundry Bombshell: It's Time To Buy

Intel's design win with Amazon and plans to spin off its foundry division show promise for investors. Click here to read my ...

6hon MSN

Germany's Scholz says Intel committed to German site despite delay

German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite ...

10h

Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design

Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.

4hon MSN

Intel causes Germany’s coalition government to rupture after shelving plans for €30 billion plant

Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.

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