Author: Steven Scheer
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Israel grants Intel $3.2 billion for new $25 billion chip plant, biggest ever company investment in country
By Steven Scheer JERUSALEM (Reuters) -Israel’s government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel. The news comes as Israel remains locked in a…
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Intel launches new AI chips, challenging Nvidia’s market
By Steven Scheer and Jane Lanhee Lee JERUSALEM/SAN FRANCISCO (Reuters) – Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp. Gaudi2 is the second generation processor by Habana Labs, an Israeli…