Mobileye stock rises sharply after Intel rules out majority stake sale

Mobileye stock rises sharply after Intel rules out majority stake sale

Mobileye Global Inc. stock soared 8% after Intel Corporation reaffirmed its commitment to the company, stating that it has no immediate plans to sell its majority stake. The announcement reassured investors and provided much-needed stability for the self-driving technology firm, which had seen its stock drop by over 70% earlier this year. Intel’s decision to […]

Intel’s bold move to split its business sends shockwaves through the chip industry

Intel’s bold move to split its business sends shockwaves through the chip industry

Intel Corporation’s stock has seen a sharp rise as the company explores drastic strategic options, offering a ray of hope to its beleaguered investors after a prolonged slump. On the back of reports that Intel is considering separating its flagship product business from its underperforming manufacturing unit, shares surged nearly 9.5% to $22.04, marking its […]

Intel’s shocking layoff announcement: 15,000 jobs cut in $10bn cost-cutting overhaul

Intel’s shocking layoff announcement: 15,000 jobs cut in $10bn cost-cutting overhaul

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 […]

Dr. Naga Chandrasekaran joins Intel to lead foundry operations amid AI-driven growth

Dr. Naga Chandrasekaran joins Intel to lead foundry operations amid AI-driven growth

Intel Corporation has announced the appointment of Dr. Naga Chandrasekaran as the new Chief Global Operations Officer, Executive Vice President, and General Manager of its Intel Foundry Manufacturing and Supply Chain organization. Chandrasekaran will join Intel from Micron, where he held the position of Senior Vice President for Technology Development. His appointment is part of […]

Intel unveils groundbreaking optical compute interconnect technology at OFC 2024

Intel unveils groundbreaking optical compute interconnect technology at OFC 2024

Intel Corporation has made a significant breakthrough in integrated photonics technology, demonstrating the first-ever optical compute interconnect (OCI) chiplet co-packaged with an Intel CPU at the Optical Fiber Communication Conference (OFC) 2024. The OCI chiplet, developed by Intel’s Integrated Photonics Solutions (IPS) Group, is designed to revolutionize high-bandwidth interconnects, particularly in data centers and high-performance […]

Intel partners with Apollo in $11bn JV for semiconductor production

Intel partners with Apollo in $11bn JV for semiconductor production

Intel Corporation (Nasdaq: INTC) and Apollo (NYSE: APO) have recently announced a definitive agreement in which Apollo-managed funds and affiliates will invest $11 billion to acquire a 49% equity stake in a new joint venture (JV) entity related to Intel’s Fab 34. This collaboration marks Intel’s second engagement in the Semiconductor Co-Investment Program (SCIP), enhancing […]

Bloom Energy expands partnership with Intel for fuel cell-powered data center in Silicon Valley

Bloom Energy expands partnership with Intel for fuel cell-powered data center in Silicon Valley

Bloom Energy (NYSE: BE), renowned for its solid oxide fuel cell technology, has deepened its collaboration with Intel Corporation, culminating in a significant expansion of power capacity at Intel’s high-performance computing data center in Santa Clara, California. This agreement marks a major milestone as it positions the facility as the largest fuel cell-powered high-performance computing […]

Lockheed Martin partners with Intel and Altera for advanced defense technology

Lockheed Martin partners with Intel and Altera for advanced defense technology

Lockheed Martin (NYSE: LMT) has embarked on a major project in collaboration with Intel Corporation (Nasdaq: INTC) and Altera, an Intel Company, to support the Office of the Under Secretary of Defense for Research and Engineering (OUSD R&E)’s Stimulating Transition for Advanced Microelectronics Packaging (STAMP) program. This initiative aims to develop a low size, weight, […]

Samsung, Intel achieve virtualized Open RAN milestone with first end-to-end call

Samsung, Intel achieve virtualized Open RAN milestone with first end-to-end call

In an industry-first, Samsung Electronics and Intel Corporation have successfully completed the first end-to-end call in a lab environment, leveraging a future Intel Xeon processor, codenamed Granite Rapids-D, within a virtualized Open Radio Access Network (Open RAN) powered by Samsung’s virtualized RAN (vRAN) 3.0. This landmark achievement highlights the ongoing multi-year collaboration between Samsung and […]

Regulatory hurdles compel Intel, Tower Semiconductor to scrap $5.4bn deal

Regulatory hurdles compel Intel, Tower Semiconductor to scrap $5.4bn deal

Intel Corporation has confirmed its decision to abort the planned $5.4 billion acquisition of Tower Semiconductor (Nasdaq: TSEM), pointing to unexpected delays in obtaining necessary regulatory approvals. Originating from a merger agreement formalized on February 15, 2022, Intel now owes Tower Semiconductor a hefty termination fee amounting to $353 million as per the stipulated terms. […]