I thought that the foundry is

I thought that the foundry is losing money due to poor yield . Meaning the more chips it make , the more money it loses . So what is this good news?? 🤔

Intel Stock Jumps over 7% Premarket as Its Foundry Business to Make Custom Chip for Amazon

Intel's Creation of Independent Subsidiary for Foundry Business

Intel Corp. plans to create an independent subsidiary for its foundry business, aiming to reassure potential customers that they can trust their chip designs with a competitor's manufacturing arm. The move includes signing a multibillion-dollar agreement with Amazon.com Inc.'s Web Services business to produce chips for AI data centers. Intel's foundry strategy has struggled to attract customers, with Microsoft Corp. being its biggest customer to date. The creation of an independent subsidiary provides clear

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The move includes signing a multibillion-dollar agreement with Amazon.com Inc.'s Web Services business to produce chips for AI data centers. Intel's foundry strategy has struggled to attract customers, with Microsoft Corp. being its biggest customer to date. The creation of an independent subsidiary provides clear"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>I thought that the foundry is losing money due to poor yield . Meaning the more chips it make , the more money it loses . So what is this good news?? 🤔</p></body></html>","htmlText":"<html><head></head><body><p>I thought that the foundry is losing money due to poor yield . Meaning the more chips it make , the more money it loses . So what is this good news?? 🤔</p></body></html>","text":"I thought that the foundry is losing money due to poor yield . Meaning the more chips it make , the more money it loses . So what is this good news?? 🤔","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/350308991951104","repostId":2468787959,"repostType":2,"repost":{"id":"2468787959","pubTimestamp":1726560024,"share":"https://www.laohu8.com/m/news/2468787959?lang=&edition=full","pubTime":"2024-09-17 16:00","market":"us","language":"en","title":"Intel Stock Jumps over 7% Premarket as Its Foundry Business to Make Custom Chip for Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2468787959","media":"Seekingalpha","summary":"Intel (NASDAQ:INTC) announced a series of moves aimed at shoring up its finances and its technological prowess on Monday, including a deal with Amazon (NASDAQ:AMZN) to manufacture a custom artificial ","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/INTC\">Intel</a> announced a series of moves aimed at shoring up its finances and its technological prowess on Monday, including a deal with <a href=\"https://laohu8.com/S/AMZN\">Amazon</a> to manufacture a custom artificial intelligence chip for the Seattle-based tech giant.</p><p>Shares of the semiconductor giant jumped more than 7% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dea39a0b3965760a96b39e0e1af62380\" tg-width=\"768\" tg-height=\"634\"/></p><p>Described as a &#34;significant expansion&#34; of the working relationship between Amazon and Intel, the two companies unveiled a &#34;multi-year, multi-billion-dollar&#34; framework which will see Intel produce chips for Amazon, starting with a custom artificial intelligence fabric Chip utilizing Intel&#39;s 18A foundry process technology.</p><p>Intel will also create custom Xeon 6 chips using the Intel 3 node for as part of an existing partnership where Intel produces Xeon Scalable processors for Amazon Web Services.</p><p>“This expansion of our longtime relationship with AWS reflects the strength of our process technology and delivers differentiated solutions for customer workloads,” said Intel CEO Pat Gelsinger in a statement. “Intel’s chip design and manufacturing capabilities, combined with the comprehensive and broadly adopted cloud, AI and machine learning services of AWS, will unleash innovation across our shared ecosystem and support the growth of both businesses, as well as a sustainable domestic AI supply chain.”</p><p>“By co-developing next-generation AI fabric chips on Intel 18A, we continue our long-standing collaboration, dating back to 2006 when we launched the first Amazon EC2 instance featuring their chips,” AWS CEO Matt Garman added. “Our continued collaboration allows us to empower our joint customers with the ability to run any workload and unlock new AI capabilities.”</p><h2 id=\"id_2879301466\">Foundry update</h2><p>Gelsinger also unveiled an update for its nascent foundry business, amid some on Wall Street suggesting it exit.</p><p>&#34;To build on our progress, we plan to establish Intel Foundry as an independent subsidiary inside of Intel,&#34; Gelsinger wrote. &#34;This governance structure will complete the process we initiated earlier this year when we separated the P&amp;L and financial reporting for Intel Foundry and Intel Products.&#34;</p><p>Gelsinger said the subsidiary structure will unlock several benefits, including giving external foundry customers with a &#34;clearer separation and independence from the rest of Intel&#34; and the possibility of raising outside funding.</p><h2 id=\"id_4055362170\">Other moves</h2><p>Intel is also pausing construction on new factories in Germany and Poland for approximately two years, &#34;based on market demand,&#34; the company said in a separate statement.</p><p>A separate manufacturing hub in Malaysia will be completed, but only put into use when market conditions allow.</p><p>Its U.S. manufacturing expansion will remain underway, with Intel building locations in Ohio, New Mexico, Arizona and Oregon, Intel added.</p><p>Intel&#39;s board reportedly met earlier this month to discuss a series of moves aided to shore up the company&#39;s finances, including selling assets and postponing construction plans on its global expansion.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel Stock Jumps over 7% Premarket as Its Foundry Business to Make Custom Chip for Amazon</title>\n<style 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a deal with Amazon to manufacture a custom artificial intelligence chip for the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4150094-intel-jumps-as-it-announces-deal-with-amazon-to-produce-custom-ai-fabric-chip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0079474960.USD":"联博美国增长基金A","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4220":"综合零售","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4512":"苹果概念","BK4507":"流媒体概念","BK4515":"5G概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4575":"芯片概念","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  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SGD-H","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元"},"source_url":"https://seekingalpha.com/news/4150094-intel-jumps-as-it-announces-deal-with-amazon-to-produce-custom-ai-fabric-chip","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2468787959","content_text":"Intel announced a series of moves aimed at shoring up its finances and its technological prowess on Monday, including a deal with Amazon to manufacture a custom artificial intelligence chip for the Seattle-based tech giant.Shares of the semiconductor giant jumped more than 7% in premarket trading.Described as a \"significant expansion\" of the working relationship between Amazon and Intel, the two companies unveiled a \"multi-year, multi-billion-dollar\" framework which will see Intel produce chips for Amazon, starting with a custom artificial intelligence fabric Chip utilizing Intel's 18A foundry process technology.Intel will also create custom Xeon 6 chips using the Intel 3 node for as part of an existing partnership where Intel produces Xeon Scalable processors for Amazon Web Services.“This expansion of our longtime relationship with AWS reflects the strength of our process technology and delivers differentiated solutions for customer workloads,” said Intel CEO Pat Gelsinger in a statement. “Intel’s chip design and manufacturing capabilities, combined with the comprehensive and broadly adopted cloud, AI and machine learning services of AWS, will unleash innovation across our shared ecosystem and support the growth of both businesses, as well as a sustainable domestic AI supply chain.”“By co-developing next-generation AI fabric chips on Intel 18A, we continue our long-standing collaboration, dating back to 2006 when we launched the first Amazon EC2 instance featuring their chips,” AWS CEO Matt Garman added. “Our continued collaboration allows us to empower our joint customers with the ability to run any workload and unlock new AI capabilities.”Foundry updateGelsinger also unveiled an update for its nascent foundry business, amid some on Wall Street suggesting it exit.\"To build on our progress, we plan to establish Intel Foundry as an independent subsidiary inside of Intel,\" Gelsinger wrote. \"This governance structure will complete the process we initiated earlier this year when we separated the P&L and financial reporting for Intel Foundry and Intel Products.\"Gelsinger said the subsidiary structure will unlock several benefits, including giving external foundry customers with a \"clearer separation and independence from the rest of Intel\" and the possibility of raising outside funding.Other movesIntel is also pausing construction on new factories in Germany and Poland for approximately two years, \"based on market demand,\" the company said in a separate statement.A separate manufacturing hub in Malaysia will be completed, but only put into use when market conditions allow.Its U.S. manufacturing expansion will remain underway, with Intel building locations in Ohio, New Mexico, Arizona and Oregon, Intel added.Intel's board reportedly met earlier this month to discuss a series of moves aided to shore up the company's finances, including selling assets and postponing construction plans on its global expansion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":120,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/350308991951104"}