Intel’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’s planned cost cuts.
Amazon Web Services (AWS) already designs several chips for use in its data centres and has hired Intel to package at least one version. Intel will produce an “artificial intelligence fabric chip” for AWS and use the chip maker’s 18A process, the most advanced version available for outside customers, the companies said.
Intel said it expects to make additional designs from Amazon on the company’s forthcoming 18AP and 14A manufacturing processes.
