<ul><li>Intel plans to spin out its chip foundry division, Intel Foundry, as an independent subsidiary.</li><li>Intel will pause chip fabrication projects in Poland and Germany for two years and review chip packaging and testing operations in Malaysia.</li><li>Intel has secured a deal with AWS to co-develop an AI chip using Intel's 18A chip manufacturing process.</li><li>Despite recent losses, Intel's cost-cutting measures, deal with AWS, and a $3.5 billion Pentagon contract have boosted the company's stock.</li></ul>

Intel moves to spin out foundry business, inks AI chip deal with AWS

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