Intel announced on Monday that CEO Pat Gelsinger has retired, effective December 1. The company is facing challenges in catching up with competitors like TSMC […]
Tag: Intel
U.S. Finalizes $7.86 Billion Subsidy for Intel to Boost Domestic Semiconductor Production
The U.S. Commerce Department is finalizing a $7.86 billion government subsidy for Intel, down from the original $8.5 billion announced earlier this year. This reduction […]
Intel Gains on Report of Qualcomm Takeover Approach
Intel Corp. shares surged by 3.31% to $21.84 during New York trading on Friday, following reports that Qualcomm Inc. had approached Intel regarding a potential […]
Qualcomm Explores Acquiring Intel’s PC Design Business Amid Intel’s Financial Struggles: Reuters
Qualcomm has explored acquiring parts of Intel’s design business to strengthen its product portfolio, according to sources cited by Reuters. The mobile chipmaker is particularly […]
Intel Reaches $3.5 Billion Deal to Manufacture Chips for U.S. Military
Intel Corporation ($INTC) has secured up to $3.5 billion in federal grants to produce advanced semiconductors for the U.S. Department of Defense. This initiative is […]
Intel’s April Plunge: Worst Month in Two Decades Sparks Doubts Despite Future Revenue Hopes
Intel Corporation faced its most challenging month in over twenty years, enduring a drastic drop in share value exceeding 30% throughout April. This downturn represents […]
Intel’s Q1 2024 Earnings Report: Insights and Guidance
Intel Corporation (INTC) released its earnings report for Q1 of 2024 with several key highlights: – Revenue amounted to $12.72 billion, slightly below the estimated […]
Record-Breaking Investment: TSMC Secures $6.6 Billion Subsidy for Arizona Semiconductor Production
Taiwan Semiconductor (TSM) is set to receive $11.6 billion in U.S. grants and loans for constructing three chip plants in Arizona. This initiative, comprising $6.6 […]
Bernstein: Intel Foundry Event Indicates No Urgency for Participation Until 2030
Bernstein’s main conclusion from Intel’s foundry segmentation event was that there’s “no compelling reason to participate until 2030.” “Considering that foundry economics have been poor […]
China Restricts Usage of Intel and AMD Chips in Government Computers, Reports FT
China has announced guidelines to restrict the use of US-made chips from Intel and AMD in government PCs and servers. Additionally, they aim to replace […]
White House Unveils $20 Billion Investment to Boost Intel Chip Production
Intel’s stock is on the rise following the company’s agreement to a non-binding preliminary memorandum of terms for potential federal grants totaling up to $8.5 […]
Biden Administration Set to Grant Billions in Subsidies to Semiconductor Giants for U.S. Manufacturing Boost
According to the Wall Street Journal’s report on Saturday, the Biden administration is anticipated to allocate billions of dollars in subsidies to leading semiconductor firms, […]