Intel shares closed higher following a new plan to spin off its AI-focused foundry business into an independent subsidiary capable of raising outside funding. …
Intel shares jump 6% after plan to spin off AI chip-making arm Read More »
Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround. Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post…
Intel moves to spin out foundry business, inks AI chip deal with AWS Read More »
