Intel Secures Amazon Chip Deal
This is a news story, published by Yahoo Finance, that relates primarily to Pat Gelsinger news.
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domestic chip supply chainYahoo Finance
•Intel finally gives Wall Street good news
77% Informative
Intel CEO Pat Gelsinger announced a deal with Amazon Web Services that will see the chipmaker make custom chips for the cloud computing giant.
The chipmaker also announced that Intel will transform its Foundry business into a subsidiary company with independent directors.
Intel also confirmed that it was awarded $3 billion in funding from the CHIPS Act .
Intel ’s Client Computing Group is responsible for the processors that power desktops and laptops.
The company debuted its Core Ultra 200V line of chips earlier this month .
Intel says it packs the kind of performance and battery life customers have been clamoring for.
Intel has a new GPU coming in 2025 that could prove to be competitive with Nvidia and AMD .
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