Intel revealed that it will establish its Intel Foundry Services (IFS) as a stand-alone subsidiary inside the organisation as a strategic move.

The move, according to the firm, is intended to finish a procedure that was initiated earlier this year and involves financial reporting for Intel Products and the foundry business as well as the separation of profit and loss.

The establishment of this subsidiary is anticipated to yield evident advantages by offering increased detachment between external foundry suppliers and customers and Intel's main business activities. Additionally, it permits the optimisation of capital structures to promote growth and shareholder value as well as possible independent funding sources.

In a similar move, Intel and Amazon Web Services (AWS) have agreed to jointly invest billions of dollars over several years in unique chip designs.

This agreement is a major expansion of the two tech titans' current strategic cooperation, to enable users to manage a range of workloads and improve the performance of AI applications.

Under the terms of the agreement, Intel will produce a customised Xeon 6 chip on Intel 3 and an AI fabric chip for AWS utilising its most sophisticated production node, Intel 18A.

The relationship between Intel and AWS is not brand-new; it was established in 2006. In addition to its substantial investments made in the state since 2015, Amazon is planning to invest an additional $7.8 billion to expand its data centre operations in Central Ohio, further advancing the technical growth of the region.

(Sources: investing.com, reuters.com, bloomberg.com)