Intel (NASDAQ:INTC) could launch two China-specific Gaudi 3 AI chips later this year, according to a report in The Register. The two chips, HL-328 and HL-388, are expected to be released in June and September, respectively, based on information from a white paper available on the chip major’s website.
These two chips will have reduced capabilities specifically tailored for the Chinese market, to comply with U.S. export controls and sanctions. Intel unveiled its Gaudi 3 AI chips designed for enterprise generative AI at the Intel Vision conference about a week ago.
Nvidia (NASDAQ:NVDA), Intel’s closest rival, is expected to have delivered its China-specific AI chip, H20, in small batches in the first quarter of this year. Larger quantities are likely to be produced in the second quarter, according to Reuters.
What Is the Target Price for Intel?
Analysts remain sidelined about Intel stock, with a Hold consensus rating based on five Buys, 24 Holds, and four Sells. Year-to-date, INTC has declined by more than 25%, and the average INTC price target of $45.05 implies an upside potential of 24.1% from current levels.
