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Intel Signs “Multi-Billion-Dollar Framework” To Make Amazon AI Chips With Latest Technology

NewsTech

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Intel's shares jumped by 8% in after market trading to provide the stock with some much needed respite after enterprise computing behemoth Amazon AWS announced that it is teaming up with the firm to develop chips on the 18A process node. The deal should be part of Intel's fledgling Intel Foundry Services business, which has seen CEO Pat Gelsinger go all in as part of his bid to rescue the beleaguered chip manufacturing company. Amazon's announcement shared that the deal has received the blessing of officials in Ohio, where the firm plans to invest $7.8 billion in data center operations. […]

Read full article at https://wccftech.com/intel-signs-multi-billion-dollar-framework-to-make-amazon-ai-chips-with-latest-technology/

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