Intel (INTC) and Amazon Web Services (AMZN) announced a co-investment in custom chip designs in a multi-billion, multi-year strategic collaboration. Creative Strategies CEO and principal analyst Ben Bajarin joins Asking for a Trend to discuss the news. Bajarin explains that Intel has won a large customer in AWS: "There's positive momentum there in terms of getting foundry wins." He believes that Intel is ultimately setting the stage to split into two companies: Intel and an its foundry segment He believes that having an Intel foundry subsidiary is "essentially as close as you can get to putting the right kind of walls and guardrails around Intel foundry so that other customers can come in and feel comfortable knowing that they'll have capacity wafer allocation." He highlights that the services side of the business needs to be its own entity to attract wafer-scale customers. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl
Intel (INTC) shares rose in early trading on Monday following a Bloomberg report that the chip giant will receive up to $3.5 billion in funding to make chips for the Defense Department. This would be in addition to the billions the company was awarded under the Chips and Science Act. Morning Brief anchors Seana Smith and Madison Mills discuss the call in the video above. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.
Dow Jones tech giant Intel led the S&P 500 Monday, and kept running late. Apple chipmakers Qorvo and Skyworks sold off on iPhone 16 concerns.