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Intel, Amazon
Intel Is Turning Its Foundry Business Into a Subsidiary. Time to Buy?
Yet its foundry business has shown potential for improvement. Intel will turn that business into a separate subsidiary, giving it its own operating board and the ability to raise capital separately. Additionally, the aforementioned deal with AWS could help make Intel's foundry business a top company in its industry.
Intel is separating its ailing foundry business from the main company
Intel is turning its foundry business, which manufactures chips for other companies, into an independent subsidiary. The company has revealed its plan in a note to employees from its CEO Pat Gelsinger,
Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel said it's turning its foundry business into an independent unit with its own board and the potential to raise outside capital.
5h
America's fallen tech giant Intel is facing a crossroads
Qualcomm approached Intel about a takeover deal, the WSJ reported. Meanwhile, Intel is planning a separate foundry subsidiary ...
19h
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs.
4d
on MSN
Intel’s big turnaround plan includes spinning off its chipmaking business
Intel is spinning off its chipmaking business as part of its plans to reverse billions in losses and a tumbling stock price.
3h
Intel and Qualcomm: This 'odd' couple won't solve America's chipmaking woes
As Intel's manufacturing struggles continue, any potential deal with Qualcomm won't fix America's chipmaking dilemma.
2d
Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently ...
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