Intel To Manufacture Microsoft Chips, CEO Satya Nadella Says
Portfolio Pulse from Erica Kollmann
Intel Corporation (INTC) and Microsoft Corporation (MSFT) have announced a partnership where Intel will manufacture chips for Microsoft using Intel's 18A process. This announcement was made by Microsoft CEO Satya Nadella at Intel Foundry Direct Connect, highlighting the move as part of a platform shift aimed at transforming productivity and the industry. Intel also launched Intel Foundry, positioning it as a sustainable systems foundry for the AI era. The news comes as Microsoft shares are down 0.88% and Intel shares are down 1.73%.
February 21, 2024 | 6:24 pm
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Intel Corporation announced a partnership with Microsoft to manufacture chips, launching Intel Foundry for the AI era.
The partnership with Microsoft to manufacture chips using Intel's 18A process and the launch of Intel Foundry positions Intel at the forefront of the AI era, potentially increasing investor confidence and demand for Intel's shares.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Microsoft Corporation partners with Intel for the manufacturing of its chips, aiming to transform productivity and the industry.
Microsoft's decision to use Intel's 18A process for its chip design underlines its commitment to innovation and could positively impact its market positioning and investor perception, potentially boosting its stock in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90