In a decisive move to bolster its position in the competitive artificial intelligence (AI) sector, Advanced Micro Devices has announced a 4% reduction in its global workforce, equating to approximately 1,000 employees. This strategic realignment underscores the company’s commitment to intensifying its focus on AI chip development, aiming to challenge industry leader Nvidia’s dominance. Strategic […]
Intel’s shares soared by 7% following the announcement of its third-quarter earnings for 2024, marking an impressive performance that beat analysts’ expectations and providing an uplifted future guidance. The company delivered adjusted earnings per share (EPS) of $0.41, comfortably surpassing the consensus estimate of $0.21, and posted revenue of $14.16 billion. Despite a year-over-year decline […]
Wiwynn, a provider of cloud IT infrastructure for hyperscale data centers, has unveiled an impressive suite of AI data center solutions and cutting-edge liquid cooling technologies at the Open Compute Project (OCP) Global Summit 2024. The showcase, which takes place from October 15 to 17 at the San Jose Convention Center, highlights Wiwynn’s focus on […]
HCLTech has announced a major collaboration with Intel to launch AI-driven digital workplace solutions, powered by Intel Core Ultra processors. These AI-based solutions will transform the performance and security of endpoint devices, enabling enterprises to handle AI operations directly on these devices, eliminating the need to send data to distant servers. This shift significantly reduces […]
In what may become one of the largest acquisitions in the technology sector, Qualcomm is reportedly eyeing a full takeover of Intel. Qualcomm, a leader in mobile processors, is said to have approached Intel regarding this significant acquisition, which could dramatically alter the competitive landscape of the semiconductor industry. While still in its early stages, […]
Qualcomm faces another blow in its ongoing battle with European regulators. The European Court of First Instance has upheld most of the tech giant’s hefty antitrust fine, albeit with a slight reduction. The penalty, initially set at €242 million, was trimmed to €238.7 million after the court ruled that some calculation errors had been made […]
Intel Corporation is implementing a series of cost-reduction strategies and operational changes aimed at reviving its standing in the competitive semiconductor market. These efforts come in the wake of a challenging second quarter for the company, which saw a sharp decline in its share price and disappointing financial performance. Chief Executive Officer Pat Gelsinger recently […]
Intel Corporation, once a dominant force in the semiconductor industry, is facing one of the most challenging periods in its history. The company is at risk of being removed from the Dow Jones Industrial Average (DJIA) as its shares have plummeted nearly 60% in 2024. This drastic decline has placed Intel as the worst-performing component […]
IBM and Intel have unveiled a pivotal collaboration aimed at redefining enterprise artificial intelligence (AI) deployment. Scheduled for release in early 2025, this partnership focuses on embedding Intel Gaudi 3 AI accelerators into IBM Cloud. This initiative stands out as a strategic move to equip hybrid and on-premise environments with scalable and economically viable AI […]
Intel Corporation announces significant layoffs and restructuring plans aimed at achieving $10 billion in savings by 2025. The American semiconductor giant, Intel Corporation, has revealed a substantial workforce reduction of approximately 15%, which will affect nearly 15,000 employees. This bold move is part of Intel’s broader cost-cutting strategy to enhance efficiency and market competitiveness. The […]