Don Clark

Amazon, Advanced Micro Devices and several start-ups are beginning to offer credible alternatives to Nvidia’s chips, especially for a phase of A.I. development known as “inferencing.”

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.

The Silicon Valley chip maker has struggled to turn around its fortunes after missing opportunities and poor execution.

While Intel has struggled in recent years, other chipmakers are thriving because of a boom in demand.

The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with Amazon and would pause some initiatives.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The Silicon Valley chip maker also reported a net loss and declining revenue in the latest quarter.

The proposed funding, part of the CHIPS Act, is intended to stoke chip packaging, a process that helps drive progress in semiconductors but that takes place mostly in Asia.

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

The grant to the memory chipmaker is the latest federal award aimed at boosting U.S. chip manufacturing.