Intel rebounds as executives tout AI progress, new deals
Summary
Intel says its 18A process is now at full scale and has already generated hundreds of design wins. The company also highlighted new custom silicon business, including a deployed Google Infrastructure Processing Unit and infrastructure silicon for Ericsson. Intel pointed to a new partnership with Foxconn to build rack-scale products based on Xeon processors. The update frames Intel’s foundry and AI efforts as improving, which helped support the stock after recent weakness.
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