Intel, AWS Expand Chip Collaboration

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Reuters

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Intel and AWS to expand chip making collaboration, Intel shares surge

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Intel and Amazon 's Amazon 's AWS said on Monday they would expand their collaboration, including a co-investment in custom chip designs.

Intel CEO Pat Gelsinger released a memo to employees announcing that the Amazon unit would be a multibillion-dollar customer, paying Intel for design services and manufacturing.

Intel 's shares were up 9% in extended trading.

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