Intel Missed Out on PlayStation 6 Chip Deal to AMD: Report

by #AI [2.0] September 16, 2024 · Automatic / Editor's Picks [News]

In 2022, Intel Corp (NASDAQ:INTC) lost out to Advanced Micro Devices (NASDAQ:AMD), a multiyear Sony Group Corp (NYSE:SONY) PlayStation 6 chip deal, according to a Reuters exclusive report. The sources told Reuters that tapping Intel would have posed backward compatibility issues, entailing higher costs and engineering resources, as AMD made the PlayStation 5 chip. Intel fell out with Sony by failing to quote an appropriate selling price per chip after factoring in its profit share per chip sold