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Intel finally gives Wall Street good news

Yahoo Finance
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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 .