Intel’s stock is soaring, but a rescue will be hard to pull off
1 month, 1 week ago

Intel’s stock is soaring, but a rescue will be hard to pull off

Live Mint  

The Trump administration has effectively put a buy rating on Intel’s stock. Citing “discussions from the Asia supply chain," the report said Taiwan Semiconductor Manufacturing—better known as TSMC—could become a joint owner of Intel’s manufacturing business following a spinoff while also having charge of running the facilities. Still, Intel’s position as the only U.S.-based chip maker with leading-edge production capabilities that can fabricate the most advanced processors does make it vital to the vision of the Trump administration. He added that “only TSMC can drive the foundry volume needed to absorb Intel’s fixed costs in an expeditious manner." “Intel’s process ecosystem, design methodologies and manufacturing systems are fundamentally different from TSMC," Citigroup analyst Laura Chen wrote in a report Thursday, adding that those differences would create “significant" barriers for potential clients of Intel.

Business Trump Manufacturing Intel Tsmc Chip  business  manufacturing  soaring  intels  rescue  billion  intel  stock  trump  hard  tsmc  pull  foundry  chip  report

History of this topic

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan
1 week, 6 days ago

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan

India Today  

Shares of Intel surged 14% on Thursday after the company announced Lip-Bu Tan as its new CEO, with investors reacting positively to the decision, as Tan is seen as a strong leader with deep industry connections. TD Cowen analysts said, "Tan in as CEO at Intel was as good as stakeholders could have hoped for," adding that his "deep relationships" …

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
2 weeks ago

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt

Associated Press  

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley. Tan, 65, will take over the daunting job next Tuesday, more than three months after Intel’s previous CEO, Pat Gelsinger, abruptly retired amid a deepening …

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO
2 weeks ago

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO

Live Mint  

-- Intel Corp. named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry. Tan, the former head of Cadence Design Systems Inc., is tasked with restoring the fortunes of a pioneering chipmaker that’s become an industry laggard. One of the most glaring challenges: …

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD
1 month, 1 week ago

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD

Live Mint  

Intel share price: Intel rose over 10 per cent on Tuesday, February 18, after a report over the weekend said rivals Taiwan Semiconductor Manufacturing Co and Broadcom were each eyeing potential deals that could break the chipmaking icon in two. Intel share price today Intel shares climbed as high as $26.24 in New York trading Tuesday, marking the biggest single-day …

Intel fourth-quarter revenue tops expectations as investors await new CEO
Trending News
1 month, 3 weeks ago

Intel fourth-quarter revenue tops expectations as investors await new CEO

The Hindu  

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO. In its quarterly report after the closing bell, Intel said it expects first-quarter revenue of $11.7 billion to $12.7 billion, compared …

Intel’s CEO search in focus as chipmaker set to post lower revenue
1 month, 3 weeks ago

Intel’s CEO search in focus as chipmaker set to post lower revenue

Live Mint  

By Arsheeya Bajwa - Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market. Interim co-CEOs, Michelle Johnston Holthaus and David Zinsner, said last month a spinoff of that business may …

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024
2 months, 1 week ago

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024

Live Mint  

Intel Corp. shares were trading over 8 per cent on Friday, January 17, as media reports emerged that the chipmaking giant is a potential acquisition target. Intel Corp. shares were trading 8.21 per cent higher at $21.29 as of 11:38 a.m., compared to $19.67 at the previous US market close. The company's shares jumped 7.6 per cent in the early …

Intel to Turn Venture Arm Into Separate Business With New Name
Trending News
2 months, 1 week ago

Intel to Turn Venture Arm Into Separate Business With New Name

Live Mint  

-- Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name. Intel’s venture arm is one of the best-known corporate investment vehicles in the history of Silicon Valley and has put more than $20 billion into businesses over the last 30 years. “Standalone …

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
3 months, 3 weeks ago

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit

The Hindu  

Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday, part of $39 billion for the sector including Taiwan Semiconductor Manufacturing Co and others in an effort to revitalize …

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
6 months, 1 week ago

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Associated Press  

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business. CEO Pat Gelsinger said in a message to employees late Monday that Intel will create an AI fabric chip for Amazon’s cloud services division at …

Intel shares jump on chip deal with Amazon
6 months, 1 week ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Intel shares jump on chip deal with Amazon
6 months, 1 week ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Intel sells stake in chip designer Arm Holdings
7 months, 1 week ago

Intel sells stake in chip designer Arm Holdings

Hindustan Times  

Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Intel would have raised about $146.7 million from the sale, based on the average price of Arm's …

Intel: Too big to turn, too vital to fail
7 months, 2 weeks ago

Intel: Too big to turn, too vital to fail

Live Mint  

The chips are down as never before for Intel. Intel is already the biggest fish in the American pond; the company’s current fabs account for about 41% of the country’s 300 mm wafer production capacity—the type of chip production most commonly used in key market segments—according to market research firm TechInsights. Intel’s data center revenue is projected to hit $12.6 …

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures
7 months, 3 weeks ago

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures

ABP News  

Intel Layoffs: The tech firm Intel will be laying off over 15,000 employees in an effort to overcome the losses the company has been experiencing. Additionally, it will reduce capital expenditures by over 20 per cent this year, restructure operations to eliminate non-essential activities, and review all ongoing projects and equipment to ensure spending remains in check. In the press …

Intel to lay off 15% of its workforce, cut $20 billion in costs
7 months, 3 weeks ago

Intel to lay off 15% of its workforce, cut $20 billion in costs

Firstpost  

Intel CEO Gelsinger emphasised the need to align Intel’s cost structure with a new operating model to improve margins and better position the company for future growth, especially as it faces a challenging outlook for the second half of 2024 CEO Gelsinger has noted that while investments in the AI PC market may pressure profit margins in the short term, …

Intel to lay off 17,500 employees, suspend dividend in turnaround plan; stock plunges
7 months, 3 weeks ago

Intel to lay off 17,500 employees, suspend dividend in turnaround plan; stock plunges

Live Mint  

Intel share price plunged 20% in extended trade, losing more than $24 billion in market value, after the chipmaker announced job cuts and suspension of its dividend. Intel said it would cut more than 15% of its workforce, around 17,500 people, and suspend its dividend starting in the fourth quarter amid plans of a turnaround focused on its money-losing manufacturing …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals

LA Times  

Intel, based in Santa Clara, Calif., is also suspending its stock dividend as part of a broader plan to cut costs. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Intel’s announcement of a significant cost-cutting plan including layoffs may …

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
7 months, 3 weeks ago

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Associated Press  

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. “Intel’s announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the …

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around
7 months, 3 weeks ago

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chipmaker Intel Corp. is cutting …

Intel plans to cut thousands of jobs to finance recovery: Report
7 months, 3 weeks ago

Intel plans to cut thousands of jobs to finance recovery: Report

The Hindu  

Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. CEO Pat Gelsinger has initiated a turnaround to regain the company's competitive edge, focusing on revitalizing its manufacturing capabilities, investing in advanced chip technologies, and expanding into new markets. In October 2022, …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
11 months, 3 weeks ago

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year

News 18  

– Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. …

Intel Posts Biggest Loss In Company History In Q1: Report
1 year, 10 months ago

Intel Posts Biggest Loss In Company History In Q1: Report

ABP News  

Chipset-making giant Intel Corp posted its first quarter earnings, barely beating analysts' expectations while reporting the largest quarterly loss in the company's history, the media has reported. Intel's Q1 results showed a staggering 133 per cent annual reduction in earnings per share while revenue dropped nearly 36 per cent year over year to $11.7 billion, says a report by CNBC. …

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023
2 years, 1 month ago

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023

News 18  

-Intel Corp said it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division. "We expect some of the largest inventory corrections literally that we've ever seen in the industry taking place that's affecting the Q1 guide in a meaningful way," Intel …

Intel set to lay offs employees as it cuts billions of dollars in spending
2 years, 4 months ago

Intel set to lay offs employees as it cuts billions of dollars in spending

India TV News  

Highlights Intel is likely to layoff people from both operations and sales departments Earlier reports stated Intel is planning job cuts that can run in thousands Intel posted $15.3 billion in revenue in Q3, flat sequentially Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 billion in annual savings in the near …

Intel to slash several jobs amid PC market slowdown
2 years, 5 months ago

Intel to slash several jobs amid PC market slowdown

The Hindu  

Intel is cutting several jobs after a slowdown in the PC market sends the global chipmaker and PC vendors reeling, report said. Besides the PC vendors themselves, one of the companies most affected by the decline in the PC market is Intel, which is now cutting thousands of jobs to reduce losses in its revenue, 9to5 Mac reported. Intel losing …

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 7 months ago

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means

News 18  

-Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues. "The economic shift was harsher and drove not …

Intel to produce Taiwanese company MediaTek's chips
2 years, 8 months ago

Intel to produce Taiwanese company MediaTek's chips

The Hindu  

The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its so-called foundry business early last year. TechInsights’ chip economist Dan Hutcheson said there were doubts in the industry on whether Intel could pull off the foundry business, but the deal with MediaTek shows it’s on the right path and its investments, including in …

Intel forecasts gloomy quarter on supply-chain woes, shares fall
2 years, 10 months ago

Intel forecasts gloomy quarter on supply-chain woes, shares fall

The Hindu  

Chipmaker Intel Corp forecast second-quarter revenue and profit below Wall Street expectations on Thursday on worries of weak demand in its largest end market, PCs, and increased supply-chain uncertainty due to COVID-19 lockdowns in China. Revenue at Intel's Client Computing Group, which supplies PC makers and is the largest contributor to the company's revenue, fell 13% to $9.3 billion in …

Intel reiterates chip supply shortages could last several years
3 years, 9 months ago

Intel reiterates chip supply shortages could last several years

The Hindu  

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas,including consumer electronics. "But while the industry has taken steps to address near term constraints it could still take a couple of years for …

Intel Wants to Revive US Chipmaking—but It Has to Catch Up First
55 years, 2 months ago

Intel Wants to Revive US Chipmaking—but It Has to Catch Up First

Wired  

Intel announced on Tuesday that it plans to spend $20 billion to build new chipmaking factories. “It's good news for the United States that Intel is doubling down on its manufacturing business,” says Saif Khan, a research fellow at Georgetown University’s Center for Security and Emerging Technology. Intel​’s CEO, Pat Gelsinger, said on Tuesday that the company would spend ​$20 …

Intel to spend $20 bn on new US chip plants
4 years ago

Intel to spend $20 bn on new US chip plants

Live Mint  

US chip titan Intel said Tuesday it will invest $20 billion in building two new plants in Arizona as part of a plan to ramp up production in the United States and Europe. As part of a vision to be a major producer of chips in the United States and Europe, Intel is establishing a new manufacturing unit called "Foundry …

In $20bn push, Intel hopes to make US chip-making great again
4 years ago

In $20bn push, Intel hopes to make US chip-making great again

Al Jazeera  

Intel Corp says it will greatly expand its advanced chip manufacturing capacity as the United States-based technology giant’s new chief executive announced plans to spend as much as $20bn to build two factories in Arizona and open its plants to outside customers. In an interview with the Reuters news agency, Gelsinger said Intel has “fully resolved” its problems with its …

Intel investing $20 billion in new US chipmaking plants as part of turnaround plan
4 years ago

Intel investing $20 billion in new US chipmaking plants as part of turnaround plan

CNN  

New York CNN Business — Intel CEO Pat Gelsinger has only been on the job for about a month. Intel unveiled several major initiatives — including a $20 billion investment in two new US chipmaking facilities — aimed at reasserting its position as the undisputed leader of the semiconductor industry, a claim many experts have said the company lost in …

Intel has few good options as investor demands break-up
4 years, 2 months ago

Intel has few good options as investor demands break-up

The Hindu  

Activist investor Daniel Loeb wants Intel Corp to consider splitting its huge chip manufacturing operations from its chip design and development business, but analysts say doing so could weaken both businesses unless the firm can form a joint venture. In the interim, it would likely remain dependent on Intel's design operations for business - at precisely the time when Intel …

Intel ready to work with hedge fund
4 years, 2 months ago

Intel ready to work with hedge fund

The Hindu  

Intel's shares rose sharply Tuesday after the computer chip giant said it was prepared to work with a hedge fund on changes to its business to boost shareholder value. "Intel Corporation welcomes input from all investors regarding enhanced shareholder value," the California tech giant said. Third Point's letter said Intel should consider outsourcing its manufacturing operations to keep pace with …

Intel’s stock plunges as work on new computer chip bogs down
4 years, 8 months ago

Intel’s stock plunges as work on new computer chip bogs down

Associated Press  

SAN RAMON, Calif. — Intel is falling further behind in the race to build faster and more powerful computer chips, a nagging problem that may force the Silicon Valley pioneer to seek help from other manufacturers as it scrambles to catch up in the technological arms race. The unexpected snag means Intel’s 7-nanometer processing technology won’t be ready until the …

Intel misses revenue estimates caused by slowdown in data center growth
7 years, 10 months ago

Intel misses revenue estimates caused by slowdown in data center growth

Firstpost  

Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data center business, on which the world’s largest chipmaker is banking to reduce its reliance on the personal computer market. Revenue from Intel’s higher-margin data center business rose 6 percent to $4.2 billion in the first quarter. Intel increased its share buyback program by $10 …

Intel’s results beat estimates; forecast disappoints
8 years, 5 months ago

Intel’s results beat estimates; forecast disappoints

Live Mint  

Bengaluru: Intel Corp. reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data centre and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street. Revenue from the data centre business, which offers storage and cloud-based software services, rose 9.7% to $4.54 billion in the third quarter, from a year earlier. …

Intel raises revenue forecast on signs of PC market rebound
8 years, 6 months ago

Intel raises revenue forecast on signs of PC market rebound

Live Mint  

New York: Intel Corp. raised its forecast for third-quarter sales Friday, citing a recovery in the computer market. In April, Intel said it was cutting 12,000 jobs, or 11% of its workforce, as chief executive officer Brian Krzanich shifts the company’s focus to new segments such as chips for wireless devices. Now Intel is seeing signs of “replenishment of PC …

Intel to spin out security unit, sell stake in business to TPG
8 years, 6 months ago

Intel to spin out security unit, sell stake in business to TPG

Live Mint  

Bengaluru/San Francisco/New York: Intel Corp said it would spin out its cyber security division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash. The unit, rebranded as Intel Security Group in 2014, will revert to the McAfee brand name following the closing of the deal, expected in the second …

Strong profits overshadowed by slowing data center growth for Intel
8 years, 8 months ago

Strong profits overshadowed by slowing data center growth for Intel

Firstpost  

Intel Corp on Wednesday reported slower revenue growth at its data center business, which makes semiconductors used in high-end servers, overshadowing a better-than-expected quarterly profit. Hurt by weak demand from enterprises, revenue at the highly-profitable unit rose 5 percent to $4 billion, but lagged the previous quarter’s 9 percent increase and remained below Intel’s annual target of low double-digit growth. …

Intel to slash 12,000 jobs as it moves away from PCs
8 years, 11 months ago

Intel to slash 12,000 jobs as it moves away from PCs

LA Times  

Giant chipmaker Intel Corp. will slash 12,000 jobs, or about 11% of its workforce, to help offset declining PC sales and reposition itself as a firm focused on cloud computing and smart devices, the company said Tuesday. “We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices,” Intel Chief Executive …

Intel shares could rise 25 percent in next year: Barron's
8 years, 11 months ago

Intel shares could rise 25 percent in next year: Barron's

Firstpost  

Intel Corp’s shift to higher-growth businesses such as server chips and embedded chips for cars could drive a 25 increase in its shares in a year, according to a report on Sunday in the financial publication Barron’s. Intel has struggled to grow as demand for personal computer chips has dried up, Barron’s said, but growth in the company’s data center …

Intel May Cut Thousands of Jobs by End of 2016
8 years, 11 months ago

Intel May Cut Thousands of Jobs by End of 2016

The Quint  

After announcing the departure of its two top executives last week, US-based electronics chipmaker Intel is reportedly preparing to cut thousands of jobs across its business units by the year-end, a media report said. The planned downsizing could begin soon after Intel reports its first-quarter financial results on April 19, though sources say timing and specifics remain fluid, the report …

Intel Makes Biggest Bet In Its History
9 years, 9 months ago

Intel Makes Biggest Bet In Its History

NPR  

Intel Makes Biggest Bet In Its History Enlarge this image toggle caption Paul Sakuma/AP Paul Sakuma/AP The chipmaker Intel is buying a company that makes. The Wall Street Journal describes the deal as part of a "consolidation wave" in the semiconductor industry "as companies search for new sources of revenue growth." Sponsor Message Intel says in a statement that the …

Intel cuts revenue forecast as desktop demand weakens
10 years ago

Intel cuts revenue forecast as desktop demand weakens

Live Mint  

Intel Corp. slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker’s shares down more than 5%. add_main_imageFewer companies than Intel had expected replaced desktop PCs running on outdated Microsoft operating systems, leading to weak demand for its chips. “The macro environment is not robust enough for people to …

Intel forecasts disappointing revenue; shares fall
10 years, 2 months ago

Intel forecasts disappointing revenue; shares fall

Live Mint  

Bengaluru/Seattle: Chip maker Intel Corp. forecast current-quarter revenue and gross margins that disappointed investors, sending its shares down more than 2% in extended trading. Revenue from its mainstay PC business fell about 3% to $8.9 billion in the fourth quarter from the third, raising doubts about the expected recovery of the personal computer business. The chip maker forecast first-quarter revenue …

Intel unveils platform to simplify connectivity of products
10 years, 3 months ago

Intel unveils platform to simplify connectivity of products

Live Mint  

San Francisco: Intel Corp on Tuesday unveiled a new platform to make it easier for companies to create Internet-connected smart products using its chips, security and software. Intel’s platform is like a set of building blocks based on the chipmaker’s components and software for companies to create smart, connected devices, Doug Davis, head of Intel’s Internet of Things business, said …

Discover Related