{"id":856638,"date":"2024-09-18T09:04:59","date_gmt":"2024-09-18T03:34:59","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=856638"},"modified":"2024-09-18T09:19:34","modified_gmt":"2024-09-18T03:49:34","slug":"intel-foundry-business-to-make-custom-chip-for-amazon-shares-jump-8","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/18\/intel-foundry-business-to-make-custom-chip-for-amazon-shares-jump-8\/","title":{"rendered":"Intel foundry business to make custom chip for Amazon; shares jump 8%"},"content":{"rendered":"<p>Intel&#8217;s foundry, or contract manufacturing business, has signed up Amazon&#8217;s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence.<\/p>\n<p>Intel&#8217;s shares rose roughly 8 per cent in extended trading after CEO Pat Gelsinger released a memo to employees announcing Intel had secured the Amazon unit as be a multibillion-dollar customer, paying Santa Clara, California-based Intel for design services and manufacturing. The memo also outlined Intel&#8217;s planned cost cuts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel&#8217;s foundry, or contract manufacturing business, has signed up Amazon&#8217;s cloud services unit as a customer for making custom artificial intelligence chips, the companies said on Monday, a deal that gives the chip maker a vote of confidence. Intel&#8217;s shares rose roughly 8 per cent in extended trading after CEO Pat Gelsinger released a memo to employees announcing Intel had secured the Amazon unit as be a multibillion-dollar customer, paying Santa Clara, California-based Intel for design services and manufacturing. The memo also outlined Intel&#8217;s planned cost cuts.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-856638","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/856638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=856638"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/856638\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=856638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=856638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=856638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}