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Intel shares plans for its foundry business to build a custom chip for Amazon
['Thomas King']
The Digby Courier
(Reuters) – Intel’s ( INTC ) foundry or contract manufacturing business has signed on as a customer for Amazon’s ( AMZN ) cloud services unit to make custom artificial intelligence chips, the companies said on Monday, a deal that would give the chipmaker a vote. CEO Pat Kelsinger issued a memo to employees saying Intel had secured the Amazon unit as a multibillion-dollar customer, paying Santa Clara, California-based Intel for design services and manufacturing. Intel plans to keep its manufacturing business, or foundry, within the company, confirming an earlier Reuters report.