WS #12543
Intel lands Fortinet as first named foundry customer under CEO Lip-Bu Tan for security chip SP6 on Intel 4 process, boosting Intel's foundry credibility. Bessent says US could sanction China over AI model 'theft'; US and China to hold AI discussions in September; reports of 50% tariff escalation. Semiconductor ETFs SOXX and SOXL attracted over $2.1B in one day; memory names and optical networking stocks up 4%+ premarket; US stock futures advance on chip rebound.
Intel-Fortinet Foundry Win
Intel lands Fortinet as first named foundry customer under CEO Lip-Bu Tan for security chip SP6 on Intel 4 process, boosting Intel's foundry credibility.
Bessent says US could sanction China over AI model 'theft'; US and China to hold AI discussions in September; reports of 50% tariff escalation.
Semiconductor ETFs SOXX and SOXL attracted over $2.1B in one day; memory names and optical networking stocks up 4%+ premarket; US stock futures advance on chip rebound.