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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.
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Microsoft Announces $60B Share Buyback Program, 10% Dividend Increase Amid Rising AI Investment And Restructuring
microsoft Copilot's customer base increased by 60% last quarter! The new upgrade can code Excel spreadsheets and prioritize processing emails.
The analysis believes that Microsoft is connecting the popular Office software with OpenAI's AI models, distinguishing Microsoft's products in the market from competitors' products, including OpenAI's own products.
Microsoft has issued a "red envelope": a 10% increase in dividends and plans to repurchase up to $60 billion.
Microsoft's quarterly dividend increased by 10% to $0.83 compared to the previous quarter. The board of directors has approved a new share repurchase program that does not have a deadline and may be terminated at any time.
US stocks closing | The three major indexes have mixed gains and losses, with the Dow hitting a new high! The performance of technology stocks is divergent, with Intel up more than 6% and Apple down nearly 3%.
On the eve of the Federal Open Market Committee (FOMC) meeting, there was continued rotation in the U.S. stock market, with investors selling technology stocks and buying blue chip and small cap stocks.
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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Intel And AWS Expand Strategic Collaboration, Helping Advance U.S.-Based Chip Manufacturing; Intel To Produce Custom Ai Fabric Chip On Intel 18A And Custom Xeon 6 Chip On Intel 3 For AWS; Multi-Year, Multi-Billion-Dollar Collaboration Accelerates...
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