Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

You’ve got to report the bad news and not just only the good news: 報喜不報憂。

報告 report

喜 joys

不報 don’t report

憂慮 concerns

Here Michelle Chapman reports on the good news that shares of Intel are surging after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business.

She or he, however, makes no mention of two key developments in the Tech War between the US and China. Nvidia shares has dropped 8% and it struggles to produce the Blackwell GPU due to the holdup by TSMC.

There is also no mention of yet another Chinese lithography machine factory of Shanghai Lieth Precision Equipment Co., Ltd. just launched in Shaoxing, Zhejiang that can produce 100 sets of equipment annually from 2025 on.

EUV lithography machines are prohibited to be sold to China (U.S. says so) but the Dutch announced the export of DUV from September with special approval. They already know that they are running out of time and are losing the high-tech war with China.

Intel stocks are up!