(Reuters) – Intel (NASDAQ:) and Amazon (NASDAQ:)’s AWS mentioned on Monday they might develop their collaboration, together with a co-investment in customized chip designs, underneath a multi-year, multi-billion-dollar framework.
Intel’s shares have been up 9% in prolonged buying and selling.
As a part of the collaboration, the chipmaker will produce an AI material chip for AWS on Intel 18A, its most superior course of node.
The corporate additionally mentioned it plans to ascertain Intel Foundry as an impartial subsidiary of Intel.