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Intel has been receiving bullish news! The Pentagon is expected to place a large order, Amazon becomes a customer, and the OEM business will be separate.
Intel is finally qualified to manufacture semiconductor components for the Pentagon and is expected to get a contract worth as much as 3.5 billion US dollars. At the same time, the company has reached an agreement with Amazon AWS to manufacture custom artificial intelligence chips for them, and to establish a multi-year product and wafer supply cooperation framework.
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Wells Fargo Maintains Intel(INTC.US) With Hold Rating, Cuts Target Price to $28
Wells Fargo analyst Aaron Rakers maintains $Intel(INTC.US)$ with a hold rating, and adjusts the target price from $38 to $28.According to TipRanks data, the analyst has a success rate of 64.4% and a
Intel, Mobileye, Microsoft, Dell, and More Stock Market Movers
Done! Intel announced the divestment of its chip manufacturing business and has reached an important partnership agreement with Amazon.
① Intel CEO announced that Intel's chip manufacturing business will be spun off into a subsidiary for financial independence; ② Intel also announced the suspension of two projects in Europe and the packaging and testing factory in Malaysia, as well as the sale of a portion of Altera shares.
Express News | Intel Shares Rise 7.5% Premarket After Announcing Strategic Collaboration With AWS