The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently got some in the form of two new announcements about Intel's foundry division. The news sparked a 9.2% jump in the stock price over two days (Sept. 16-17).

Intel and AWS will coinvest in a custom semiconductor for artificial intelligence computing – what’s known as a fabric chip – in a “multiyear, multibillion-dollar framework,” according to a statement Monday. The work will rely on Intel’s 18A process, an advanced chipmaking technology.

We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a blog post, noting that the AWS deal could potentially involve additional chip designs.

EDT, Intel shares were at $21.62, up $0.70 or 3.37 per cent. On Monday, Intel shares had gained 6.4 per cent. The deal provides some respite to Intel's investors as the

The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.

Intel Corp. has made a raft of announcements over the past 24 hours in an effort to prove that a turnaround for the troubled chipmaker is starting to bear fruit.

By Deborah Mary Sophia and Arsheeya Bajwa (Reuters) -Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major stamp of approval to its money-losing contract manufacturing business.

Intel's stock has plunged nearly 60 per cent this year and has lagged chip firms, including Nvidia and TSMC, as it missed out on an AI-driven boom in chip demand