Intel misplaced a bid to design and manufacture Sony’s PlayStation 6 chip in 2022, dealing a blow to its contract manufacturing enterprise. The contract, price doubtlessly billions in income, went to rival AMD after Intel did not agree on pricing with Sony, Reuters reported Monday.
Discussions between the businesses spanned months and concerned high executives. Intel’s loss has hampered CEO Pat Gelsinger’s turnaround technique, which hinges on increasing the corporate’s foundry operations. The PlayStation deal would have offered regular enterprise for Intel’s struggling manufacturing arm, which reported $7 billion in working losses final quarter. Sony’s want for backwards compatibility with older PlayStation fashions sophisticated Intel’s bid, as AMD designed chips for earlier console generations, the report provides.
Additional studying:
Intel Foundry Achieves Main Milestones;
Intel Weighs Choices Together with Foundry Break up To Stem Losses:
Intel’s Cash Woes Throw Biden Staff’s Chip Technique Into Turmoil.