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Home Business SoftBank scraps AI chips tie-up plan with Intel: Report
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SoftBank scraps AI chips tie-up plan with Intel: Report

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Japanese technology investor SoftBank dropped plans of producing an artificial intelligence chip with Intel to compete with Nvidia, the Financial Times reported.

The logo of SoftBank Corp. is seen at its shop in Tokyo.(AP)
The logo of SoftBank Corp. is seen at its shop in Tokyo.(AP)

Read more: Annual US inflation falls to 3-year low. When will Federal Reserve cut rates?

The partnership did not materialize after the US chipmaker struggled to meet SoftBank’s requirements, the report claimed citing people in the know.

Read more: China’s economy fails to pick up after worst stretch in five quarters

SoftBank blamed Intel for the collapse of the talks and claimed that the latter was incapable of meeting its demands for volume and speed, the report said.

SoftBank is now focusing on discussions with Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker.

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The talks failed in advance of Intel’s drastic cost-cutting plans which included thousands of lay-offs in early August.

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Boost for natural farming, PAN 2.0 and more: 9 big decisions taken by Cabinet

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