Intel, Amazon expand partnership with multi-billion dollar deal, new AI chips
I ntel Corporation has unveiled significant strategic initiatives aimed at strengthening its position in the AI and semiconductor sectors. The company will spin off its foundry services into a new subsidiary, designed to attract external investments and foster growth. This reorganization is complemented by a major expansion of Intel’s partnership with Amazon Web Services (AWS). Under a multi-year, multi-billion dollar agreement, Intel will produce custom artificial intelligence (AI) chips and Xeon 6 processors for AWS. The AI chips will leverage Intel’s advanced 18A technology, while the Xeon 6 processors will be manufactured using Intel 3 technology. This collaboration underscores a commitment to enhancing U.S.-based chip manufacturing and advancing AI technology. Intel’s stock surged significantly following these announcements, reflecting strong investor approval. The company’s shares experienced their largest two-day gain in over twenty years. The partnership with AWS will see Intel