Intel (INTC) shares rose more than 4% in premarket trading on Tuesday as it gets set to work with a subsidiary of SoftBank (SFTBY) to make memory for artificial intelligence.
Intel will work with SoftBank-owned Saimemory—established in December 2024—to advance the commercialization of Z-Angle memory, described as “a next-generation memory technology designed for high capacity, high bandwidth and low power consumption.”
The first prototype is set to be created in the fiscal year ending March 31, 2028 (fiscal 2027), with commercialization starting in fiscal 2029, SoftBank said in a statement.
“Through the utilization of ZAM next-generation memory technology, Saimemory and Intel will work together to enable high-capacity and high-bandwidth data processing, enhanced processing performance and reduced power consumption in data centers and other environments that require the training and inference of large-scale AI models,” SoftBank said in a statement.
SoftBank shares rose more than 3% in Japanese trading overnight.
The next-gen AI memory deal is the latest collaboration between Intel and SoftBank. In August, SoftBank agreed to invest $2B into Intel as part of the company’s turnaround. The investment was completed the following month.