Intel and Amazon are pouring cash into AI buildout, while Intel Foundry ramps 18A and executives comment on demand.

The entities involved

• Intel →

  American multinational technology company

  • AI growth concerns are causing a downturn in the semiconductor and memory ETF sectors.Thu 00:44
  • Intel hired former Marvell Technology executives and appointed an executive to Milpitas.Thu 00:23
• Intel Foundry →

  semiconductor foundry owned by Intel

  • Lip-Bu Tan has been confirmed as the CEO of Intel, a leading manufacturer of computer processors, while Allegro MicroSystems focuses on data center chip design.Fri 18:57
• Amazon →

  American multinational technology company

  • Chipotle Mexican Grill now utilizes Amazon platforms to reach its customers.Thu 05:45
  • Following an election victory, Gina Hinojosa and Amy Acton pledged restrictions on data centers, while Amazon proposed a new project in Georgia.Thu 04:29

Related events

• Intel is facing challenges meeting strong demand for its CPU products.Fri 04:02
• Intel, led by CEO Lip-Bu Tan, has reported a damaged factory located in Israel.Sat 11:37
• Intel appoints Lip-Bu Tan as CEO, facing market share losses while securing major investments from SoftBank and the US government.Jun 7
• Lip-Bu Tan is considering a strategic shift in chip manufacturing for Intel.Jun 8
• Intel's new CEO, Lip-Bu Tan, faces intense competitive pressure from rivals like Groq and AMD, while advisor Jonathan Ross urges systemic fixes.Jun 7