Intel Extends Collaboration With AWS for Custom Chip: Stock to Gain?
INTCIntel(INTC) ZACKS·2024-09-18 00:35

Intel Corporation (INTC) recently announced that it had extended its collaboration with Amazon Web Services, Inc. (AWS), a wholly-owned subsidiary of Amazon.com (AMZN) . The collaboration involves co-investment by the companies in custom chip designs under a multi-year, multi-billion-dollar framework.Under this expanded agreement, the semiconductor company will develop an AI fabric chip for AWS, leveraging its most advanced Intel 18A process node. Additionally, a custom Xeon 6 chip will be produced on Intel ...