Stock Markets February 3, 2026

Intel Shares Rise After Pact with SoftBank Unit to Advance Z-Angle Memory

Agreement with SAIMEMORY formalized Feb. 2, 2026, targets prototypes by fiscal 2027 and commercialization by fiscal 2029 for high-capacity, low-power memory aimed at data centers and AI workloads

By Caleb Monroe INTC
Intel Shares Rise After Pact with SoftBank Unit to Advance Z-Angle Memory
INTC

Intel announced a collaboration with SoftBank Corp.'s SAIMEMORY to commercialize next-generation Z-Angle Memory (ZAM). The partnership was formalized on February 2, 2026; Intel shares rose 1.4% on the news despite broader weakness in the technology sector. The program targets prototype development by fiscal 2027 and commercial availability by fiscal 2029, leveraging validation from Intel’s Next Generation DRAM Bonding initiative and research tied to U.S. Department of Energy and National Nuclear Security Administration programs.

Key Points

  • Intel shares rose 1.4% on the day the collaboration with SAIMEMORY was announced, despite overall weakness in the technology sector.
  • The agreement, formalized on February 2, 2026, focuses on developing Z-Angle Memory (ZAM) aimed at high capacity, high bandwidth, and low power for data centers and large-scale AI training and inference.
  • The partnership targets prototype creation by fiscal 2027 and commercialization by fiscal 2029, leveraging technologies validated by Intel’s Next Generation DRAM Bonding initiative and research tied to DOE and NNSA-managed programs.

Summary: Intel Corporation (NASDAQ:INTC) saw its stock gain 1.4% on Tuesday after revealing a collaboration with SAIMEMORY, a subsidiary of SoftBank Corp., to commercialize Z-Angle Memory (ZAM). The announcement came amid generally weak performance across the technology sector.

The partnership was formalized on February 2, 2026, and centers on advancing ZAM, a next-generation memory architecture designed for high capacity, high bandwidth, and reduced power consumption. The companies describe ZAM as a memory solution intended to improve processing performance in environments that demand large-scale model training and inference, including data centers and AI-focused computing workloads.

SAIMEMORY was established in December 2024 as a wholly owned subsidiary of SoftBank. Under the agreement, SAIMEMORY will draw on foundational technologies and technical expertise that have been validated by Intel’s Next Generation DRAM Bonding initiative. According to the timeline disclosed by the partners, the collaboration aims to produce prototypes by fiscal year 2027 and pursue commercialization by fiscal year 2029.

Intel framed the deal as a strategic effort to bolster its position in advanced memory technologies. SAIMEMORY’s development work is presented as part of SoftBank’s broader initiative to support next-generation social infrastructure and to strengthen Japan’s competitiveness in the global semiconductor landscape.

Technical origins for the effort are also noted in public descriptions of the collaboration: the ZAM work builds on research conducted under the Advanced Memory Technology program, which is managed by the U.S. Department of Energy and the National Nuclear Security Administration through various national laboratories.

Market reaction was limited but positive for Intel’s shares on the day of the announcement, which the company and SAIMEMORY framed as a multi-year effort with staged milestones for prototype and commercial deployment.


Contextual note: The announcement emphasizes development timelines, technical validation via Intel initiatives, and linkage to national laboratory research programs. The partners specify target fiscal years for prototype and commercialization milestones but do not present those dates as guarantees.

Risks

  • Timeline uncertainty - the collaboration sets target milestones of prototype by FY2027 and commercialization by FY2029, which are plans rather than guarantees; this affects semiconductors and data center hardware markets.
  • Market conditions - the stock movement occurred amid broad weakness in the technology sector, indicating potential sensitivity to wider market dynamics that could influence investment and adoption in advanced memory technology.
  • Technical and commercialization risk - while the effort builds on validated technologies and national laboratory research, the scale-up from prototype to commercial product presents execution uncertainty for semiconductor and AI infrastructure industries.

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