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.
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. Intel's foundry will also produce artificial intelligence (AI) fabric chips for Amazon Web Services using Intel's newest 18A technology, as well as Xeon 6 chips using its Intel 3 technology.
Intel moves to spin out foundry business, inks AI chip deal with AWS
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,
Intel Restructures to Boost Foundry Business Independence
Intel has reorganized its foundry business into a separate subsidiary, Intel Foundry, to attract outside investment and address financial concerns.
Intel splits its struggling foundry division into an independent subsidiary
Intel CEO Pat Gelsinger informed employees that the company is transforming its foundry arm into an independent subsidiary, confirming insider leaks from August. According
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.
Is Beaten-Down Intel Stock a Buy on Foundry Spinoff Plans?
While the broader Dow Jones Industrial Average ($DOWI) is trading at all-time highs, semiconductor giant Intel (INTC) is trailing the broader markets by a wide margin. The tech stock is down 70% from all-time highs after falling close to 58% in 2024.
Is Intel's Turnaround Story Over? (Rating Downgrade)
Despite revenue growth, Intel reported $2.8 billion in operating losses in Q2 due to higher manufacturing costs. Explore more details here.
Intel’s Ohio facility to be spun off into new company
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany, Ohio, will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
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Intel strikes foundry deal with AWS
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Intel's Slow-Burn Strategy: Foundry Revenues 'Not Till 2027,' Analyst Predicts Spin-Off Ahead
Intel's long-term outlook, revealed by JPM analyst, shows no major changes until 2027. Intel's foundry business will remain ...
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Why Intel's latest move for its foundry business is so significant
The chip maker is creating an independent subsidiary for its manufacturing business to reassure customers Intel Corp.'s plans to create an independent subsidiary for its foundry business was a ...
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Intel turns foundry business into subsidiary to allow for outside funding
Intel said Monday that it's creating a separate entity for its foundry business, a structure that could allow it to raise outside funding. The chipmaker has spent roughly $25 billion on the ...