{"slug": "intel-rebounds-as-executives-tout-ai-progress-new-deals", "title": "Intel rebounds as executives tout AI progress, new deals", "summary": "Intel shares rose about 3.4% Wednesday morning after executives at the Computex expo in Taipei announced the company's 18A chipmaking process is now at full scale with hundreds of design wins, alongside new custom silicon deals with Google and Ericsson. CEO Lip-Bu Tan said the company is making \"tremendous progress\" building its foundry business, and a new partnership with Foxconn will develop rack-scale products using Intel Xeon processors. The rebound recovers some of the week's losses triggered by Nvidia's entry into the laptop market with a new PC superchip.", "body_md": "# Intel rebounds as executives tout AI progress, new deals\n\n[Intel](https://robinhood.com/us/en/stocks/INTC/?source=sherwood) rose Wednesday morning, recovering some of its losses from earlier this week after [Nvidia](https://robinhood.com/us/en/stocks/NVDA/?source=sherwood) announced that it would enter the laptop market with its new PC “[superchip](https://sherwood.news/markets/nvidia-jumps-after-entering-laptop-market-with-new-pc-superchip/).”\n\n[Speaking at the Computex expo in Taipei on Tuesday](https://www.youtube.com/watch?v=SJ-VzWpgQ5s), Intel executives gave bullish updates on the company’s business, including:\n\nIntel’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.\n\nIt also noted new deals for custom silicon, including a deployed Google Infrastructure Processing Unit and infrastructure silicon for Ericsson.\n\nIntel is making “tremendous progress” building its foundry business, according to CEO Lip-Bu Tan.\n\nA new partnership with Foxconn will “develop rack scale products built upon Intel Xeon processors.”\n\nIntel 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.", "url": "https://wpnews.pro/news/intel-rebounds-as-executives-tout-ai-progress-new-deals", "canonical_source": "https://sherwood.news/markets/intel-rebounds-as-executives-tout-ai-progress-new-deals/", "published_at": "2026-06-03 15:08:45+00:00", "updated_at": "2026-06-03 15:57:19.116588+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure", "ai-products"], "entities": ["Intel", "Nvidia", "Alex Katouzian", "Lip-Bu Tan", "Foxconn", "Google", "Ericsson", "Computex"], "alternates": {"html": "https://wpnews.pro/news/intel-rebounds-as-executives-tout-ai-progress-new-deals", "markdown": "https://wpnews.pro/news/intel-rebounds-as-executives-tout-ai-progress-new-deals.md", "text": "https://wpnews.pro/news/intel-rebounds-as-executives-tout-ai-progress-new-deals.txt", "jsonld": "https://wpnews.pro/news/intel-rebounds-as-executives-tout-ai-progress-new-deals.jsonld"}}