Intel To Make Custom Chips For Amazon Web Service
Recently, Intel’s share price surged 8%. This surge, however, was no coincidence, as Intel secured one of its most lucrative deals in recent years. The tech giant was able to sign AWS or Amazon Web Service as one of its customers for producing high-end custom AI semiconductor chips. The company’s share price rose 8% after…
John David
Chipmaking Giant Intel to Layoff 15% Of Total Workforce
Chipmaking giant and one of America’s biggest companies, Intel, has announced that it will lay off 15% of its workforce, about 15,000 employees, to drive a turnaround of its business to compete with other industry giants like Nvidia and AMD. The CEO of Intel Corp., Pat Gelsinger, sent a memo to his staff on Thursday…