Intel's Amazon chip deal lifts investor confidence in money-losing foundry unit

Biztoc.com - 17 September 2024

Intel's Amazon chip deal lifts investor confidence in money-losing foundry unit

Intel shares jumped 7% before the bell on Tuesday, as a chip-making deal with Amazon's cloud business provided a major stamp of approval for its struggling contract manufacturing business. The chipmaker will build custom AI chips for Amazon Web Services (AWS)…

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