Intel plans to spin off foundry business and sign AI chip contract with AWS
Intel has announced the win of a key customer and changes to its foundry business as the struggling chipmaker seeks a turnaround. Intel is taking steps to convert its chip foundry division, Intel Foundry, into an independent subsidiary, Intel CEO…
Nvidia approves $50 billion share buyback; share price falls 2% despite strong results
Nvidia’s board of directors approved a $50 billion share buyback on Wednesday when it announced its second-quarter results. The US chipmaker easily beat Wall Street estimates, reporting net income of $16.6 billion and a 122 percent increase in revenue to…
