Intel moves to spin out foundry business, inks AI chip deal with AWS

Quick Summary:

Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post.

Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround.

Typeface, a generative AI startup focused on enterprise use cases, has acquired a pair of companies just over a year after raising $165 million at a $1 billion valuation.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United StatesGermanyMalaysiaPolandTaiwan

Topics: Hardware AI chip Enterprise Intel foundry Chip manufacturing AWS Chip foundry Intel Chips AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 23:56:44 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 962 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22553430

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