Intel sees AI opportunity for standalone programmable chip unit

FILE PHOTO: Figurines with computers and smartphones are seen in front of Intel logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

SAN FRANCISCO (Reuters) - Artificial intelligence offers a growing and potentially lucrative opportunity for Intel's freshly standalone programmable chip unit, its CEO Sandra Rivera said.

Intel's programmable chip unit began operating as a standalone business at the beginning of the year, and on Thursday outlined its plans for the future and its official name: "Altera, an Intel company."