Advertisement
Canada markets open in 9 hours 24 minutes
  • S&P/TSX

    21,837.18
    -11.97 (-0.05%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • DOW

    38,790.43
    +75.66 (+0.20%)
     
  • CAD/USD

    0.7383
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    82.52
    -0.20 (-0.24%)
     
  • Bitcoin CAD

    89,261.73
    -2,703.98 (-2.94%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,164.60
    +0.30 (+0.01%)
     
  • RUSSELL 2000

    2,024.74
    -14.59 (-0.72%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • NASDAQ futures

    18,175.00
    -56.50 (-0.31%)
     
  • VOLATILITY

    14.33
    -0.08 (-0.56%)
     
  • FTSE

    7,722.55
    -4.87 (-0.06%)
     
  • NIKKEI 225

    39,728.22
    -12.22 (-0.03%)
     
  • CAD/EUR

    0.6787
    -0.0005 (-0.07%)
     

Cisco Is Coming To Intel's Rescue

Intel had a surprising bright spot in its rough quarter.

Data Center Group revenues were $2.8 billion, up 7% sequentially and 4% from the year-ago quarter.

That's not enough to make up for declining PC sales and unloved mobile products, but there's hope for Cisco in the business of making silicon designed for servers that run in large-scale data centers.

Cisco reportedly just signed up to be a big customer for Intel's new foundry business, where Intel will manufacture chips that its customers design, a big change from its past practice of only manufacturing its own chips. Cisco will become the largest customer, buying made-to-order networking chips, unnamed sources told Bloomberg reporters Ian King and Jordan Robertson.

ADVERTISEMENT

Cisco has long been a buyer of Intel chips, but this new contract would be for chips of Cisco's design, and would be a big win as Intel tries to expands into the $30.7 billion custom-silicon market. Intel announced its custom foundry plans about a year ago.



More From Business Insider