December 23, 2024
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Intel chip production China

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Intel Stock Surges on Foundry Deal with Amazon and Restructuring Plans

Capitalist Money06 mins

Intel’s stock saw a significant boost in after-hours trading on Tuesday, September 17th, 2024, following a series of announcements that signal a potential turnaround for the chipmaking giant. The company revealed it has secured Amazon Web Services (AWS) as a customer for its foundry business, alongside unveiling a restructuring plan aimed at improving efficiency and…

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