Intel rose Wednesday morning, recovering some of its losses from earlier this week after Nvidia announced that it would enter the laptop market with its new PC “superchip.”
Speaking at the Computex expo in Taipei on Tuesday, Intel executives gave bullish updates on the company’s business, including:
Intel’s 18A process is now “at full scale” with “hundreds of design wins” and has been ramped to “high volume with multiple products,” according to Alex Katouzian, head of the company’s physical AI group.
It also noted new deals for custom silicon, including a deployed Google Infrastructure Processing Unit and infrastructure silicon for Ericsson.
Intel is making “tremendous progress” building its foundry business, according to CEO Lip-Bu Tan.
A new partnership with Foxconn will “develop rack scale products built upon Intel Xeon processors.”
Intel has risen about 3.4% as of 11 a.m. ET Monday, leaving it only slightly red for the week. The stock has nearly tripled in value since the start of the year.