Tag: foundry business
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Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
The brutal sell-off in Intel (NASDAQ: INTC) stock may finally be over. The stock seems to have resurged on news that the company plans...
Intel finally gives Wall Street good news
After a disastrous second quarter earnings report in August that resulted in the worst trading day for the company’s stock in 40 years, Intel...
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips...
Exclusive: How Intel lost the Sony PlayStation business
Intel (INTC) lost out on a contract to design and fabricate Sony’s (SONY) PlayStation 6 chip in 2022, which dealt a significant blow to...
Intel’s Stock Is Rising After a Report Says It Might Sell Its Foundry Business
Key TakeawaysIntel is reportedly having discussions around the possible spin off or sale of its foundry division, which makes chips for other companies.The company's...