Posted 4/12/2024, 9:55:00 AM
Intel Bets Big on AI Chips, Opening Fabs to Rival Nvidia and AMD
- Intel aims to become a major player in the $1 trillion AI chip market, competing with Nvidia and AMD
- Intel recently launched new AI products including processors and accelerators for AI tasks
- Intel is opening up its manufacturing plants to become a chip foundry for other companies
- The U.S. government supports Intel's manufacturing initiative with billions in funding
- Intel stock trades at a reasonable valuation considering its potential for long-term AI revenue growth