Intel's Trading Volume Drops 40.84% to $13.29 Billion Ranking 43rd Amid AI Memory Chip Venture with SoftBank

Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 8:01 pm ET1min read

On June 2, 2025, Intel's trading volume reached $13.29 billion, a 40.84% decrease from the previous day, ranking 43rd in the day's stock market.

(INTC) rose by 0.97%.

Intel and SoftBank are collaborating to develop next-generation AI memory chips that are designed to consume half the power of current high-bandwidth memory solutions. This joint venture, named Saimemory, aims to revolutionize the AI memory market by focusing on innovative memory solutions. The new company will invest $70 million to develop these advanced memory chips in Japan, targeting a significant reduction in power consumption.

This strategic partnership between Intel and SoftBank is expected to enhance the data center market and provide a competitive edge in the AI memory sector. The collaboration underscores Intel's commitment to advancing AI technologies and its efforts to stay at the forefront of innovation in the semiconductor industry.

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