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Intel Teams Up With Amazon. Is the Chip Stock a Buy Now?

After hanging on the ropes for much of August and September, Intel (INTC -3.26%) is suddenly having a banner week. The stock jumped yesterday after the company secured $3 billion

Reuters · 3d

Intel foundry business to make custom chip for Amazon, chipmaker's shares jump

Amazon's AWS cloud computing division already designs several chips for use in its data centers and has hired Intel to package at least one version.

CNN on MSN · 3d

Intel shares jump on chip deal with Amazon

Intel’s partnership with AWS is part of the chipmaker’s attempt to play catch-up. The new deal, along with a $3 billion grant from the US government to boost domestic chip making and make chips for the US military, “demonstrates the continued progress we are making to build a world-class foundry business,” Intel said in the statement.

EconoTimes2d

Intel's Amazon Partnership Fails to Impress Wall Street, Analysts Remain Cautious on Foundry Spinoff

Intels recent announcement of a multi-billion-dollar Amazon partnership sparked an 8% jump in its share price. However, major ...

The Highland County Press2d

Intel, Amazon expand strategic collaboration, helping advance US-based chip manufacturing

As part of the expanded collaboration, Intel will produce an AI fabric chip for AWS on Intel 18A, the company’s most advanced process node. Intel will also produce a custom Xeon 6 chip on Intel 3, ...

Network World1d

Intel strikes foundry deal with AWS

We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a ...

Retail sales report shows consumers are still spending; Intel strikes AI deal with Amazon

Average paychecks, particularly for lower-income Americans, have also risen sharply since the pandemic, which has allowed ...

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