Intel Stock Falls as TSMC Eyes Elon Musk's Terafab Venture
Intel shares drop on Tesla share as TSMC eyes Terafab venture, with investors assessing the deal’s potential impact on Intel foundry business.
Intel shares drop on Tesla share as TSMC eyes Terafab venture, with investors assessing the deal’s potential impact on Intel foundry business.
After Meta unveiled its new-generation AI agent product Muse, global chip stocks surged broadly, with AMD’s market capitalisation crossing one trillion US dollars for the first time and Intel and Qualcomm also advancing, the Bloomberg reported.
[Brief] Intel Appoints New Foundry EVP, Invests in Diamond Wafer Technology Intel announced on June 22 the appointment of Seok-Hee Lee as Executive Vice President of Intel Foundry, reporting directly to CEO Lip-Bu Tan. Lee will lead advanced packaging, systems integration, and back-end technology development. Previously, Lee served as CEO of both SK On and SK Hynix. Separately, CEO Lip-Bu Tan revealed Intel has invested in a diamond wafer company, viewing synthetic diamond as a superior thermal conductivity material for chip cooling as advanced processes approach physical limits. ...