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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.

Bloomberg on MSN · 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.

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 opening bell 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.

Intel, Secure Enclave

U.S. News & World Report · 21h

Intel Gets up to $3 Billion From US for Secure Enclave

President Joe Biden's administration said on Monday that Intel Corp has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program.

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 $3 bln from US for national security related chip production

The Biden Administration on Monday awarded Intel Corp up to $3 billion from the CHIPS and Science Act to develop a "Secure Enclave" for microelectronics, which are a critical component to a wide range of weapon systems and other national security products.

1hon 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 ...

5hon 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.

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 ...

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 ...

7hon MSN

Germany Faces Fresh Setback as Intel Halts Planned Chip Factory

Intel Corp.’s decision to postpone its planned factory in Germany marks a setback for the government in Berlin and will ...

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 ...

4hon MSN

Intel is separating its ailing foundry business from the main company

Intel is turning its foundry business, which manufactures chips for other companies, into an independent subsidiary. The ...

3h

Don’t let Intel’s stock pop fool you: ‘Things are likely to remain a struggle,’ analyst says

Despite some positive foundry developments, numerous analysts see challenges ahead for Intel as it tries to reclaim ...

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