Intel's big turnaround plan

Intel Corporation and Amazon Web Services (AWS) are expanding our longstanding strategic collaboration with a multi-year, multi-billion-dollar framework covering product and wafers. ? Intel will produce an AI fabric chip for AWS on Intel 18A and a custom Xeon 6 chip on Intel 3. This collaboration will help customers power virtually any workload and help accelerate the performance of AI applications. ? It also accelerates the development of an AI ecosystem in Ohio, where both Intel and AWS are committed to investing long term. ? A big thanks to Andy Jassy Matt Garman and the entire AWS team – looking forward to lots more collaboration to come!?

This is big.?Intel Corporation?and?Amazon Web Services (AWS)?are committed to reshoring chip manufacturing and building vibrant AI ecosystems as we will be producing an AI fabric chip for AWS. This collaboration powers more than computers. It powers communities. Excited by the opportunities ahead with our better together strategy with the foundry progress and products momentum. https://lnkd.in/enC7Bun8

Today, the Biden-Harris Administration and United States Department of Defense announced that Intel Corporation has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program – another step toward our shared goal of restoring American leadership in semiconductors. ? As the only American company that both designs and manufactures leading-edge logic chips, we will help secure the domestic chip supply chain and collaborate with the DoD to help enhance the resilience of the U.S. technological systems by advancing secure, cutting-edge solutions. ? Today’s announcement is just one more example of the progress we’re making with Intel Foundry. We greatly appreciate the steadfast belief in Team Intel. Let’s get to work! ? #ItStartsWithIntel #CHIPSAct https://lnkd.in/gK3VzHu7

Intel CEO Pat Gelsinger discusses a deal with Amazon Web Services to produce custom chips for AI, extending a long-running partnership between the two companies. Amazon is a big customer of Intel chips to power its AWS servers, and will buy a custom Xeon processor from Intel as well, Intel said. The move will potentially give Intel a new foothold in the growing industry for AI server chips. While Intel has several products that can be used for AI, including Gaudi 3, Nvidia has largely taken control of the market. Read more: cnb.cx/3XK3NWd

Intel Corporation and Amazon Web Services (AWS) are expanding their partnership with a massive leap forward in U.S. chip manufacturing! We're talking about a multi-year, multi-billion-dollar collaboration, with Intel producing a custom AI Fabric Chip on Intel 18A and a custom Xeon 6 Chip on Intel 3 for AWS. This move accelerates the development of chip manufacturing in Ohio, powering the next generation of AI and cloud services. Building the future, one chip at a time! ???? https://lnkd.in/gyU4zv4F #Intel #AWS #ChipManufacturing #Ohio #AI #IamIntel

@Intel is pausing the fab construction in #Magdeburg Germany and Poland for two years: "We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand." On the other side, Intel is now fully separating the foundry business and initiated a savings program of USD 10 billion. Let's keep the fingers crossed that the company will successfully restructure and come back stronger. See the official press release here: https://lnkd.in/eKezeW6n https://lnkd.in/eYCgr4QC #semiconductor Dr. Joerg Schrottke Falk Meissner Alexander Fey Dr. Sebastian Schams Dr. Michael Alexander