Intel rises as chip giant set to work with SoftBank subsidiary on AI memory (INTC:NASDAQ)

Core Viewpoint - Intel (INTC) shares increased by over 4% in premarket trading as the company prepares to collaborate with SoftBank's subsidiary, Saimemory, to produce memory for artificial intelligence applications [2]. Group 1 - Intel is set to work with Saimemory, a subsidiary of SoftBank, which was established in December 2024 [2]. - The collaboration aims to advance memory technology specifically for artificial intelligence [2].