INTEL, Daily
Intel Corporation’s latest announcement regarding its server chip products has caused a significant surge in the company’s stock price. According to Executive Vice President Sandra RiveraIntel will launch a new server chip with more cores and a faster production process. The stock rose as a result. 7.6% The announcement was immediately followed by immediate action
Intel CEO Pat Gelsinger The company has made it a priority of regaining technological leadership in its server market, which has been one area of high profitability. Under its previous leadership, the company lost significant market share to its competitor, Advanced Micro Devices Inc. Additionally, some of Intel’s key customers, such as Amazon.com Inc.’s AWS, have started creating their own chips, further reducing Intel’s revenue and profits. Server processors are the backbone of corporate networks and the massive data centres that power the internet, making them an essential element of Intel’s business.
The new chip is known as Sierra ForestThe 144 cores of processing power will be included in the new model, which will be optimized for cloud computing workloads. Intel has already begun sending Sierra Forest samples…
