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International Business Times
International Business Times
Business
Ann Resuma

Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary

Intel Corporation Amazon Patrick Gelsinger United States AWS Intel Foundry e-commerce

Intel's Foundry business signed a billion-dollar deal with Amazon to make custom chips for the e-commerce giant and revealed plans to split Intel Foundry as an independent subsidiary within the firm.

The deal will expand Intel's strategic collaboration with Amazon Web Services (AWS). Under the deal, Intel Foundry -- the contract manufacturing arm of Intel -- will produce an artificial intelligence (AI) fabric chip for AWS on Intel 18A process.

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