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Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals - TL;DR CNBC

Intel wants to build 'everybody's AI chips,' CEO says, as company plays catch-up with rivals

Publishing timestamp: 2024-06-05 03:14:36


Summary

Intel CEO Pat Gelsinger aims to regain the company's position as the world's leading chipmaker by focusing on building chips for everyone, leveraging U.S. factories. The company is also looking to boost its struggling foundry business and catch up with competitors in the AI market. Despite challenges in the U.S.-China relationship, Intel remains committed to investing in the Chinese market.


Sentiment: NEUTRAL

Tickers: NVDA,  TSM,  AVGO,  QCOM,  META,  INTC,  MRVL,  AMD,  MSFT,  GOOGL, 

Keywords: advanced micro devices inc,  breaking news: technology,  technology,  intel corp,  business news,  nvidia corp, 

Source: https://www.cnbc.com/2024/06/05/we-want-to-build-everybodys-ai-chips-intel-ceo-talks-of-regaining-market-share.html


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