Intel to spend $20 bn on new US chip plants
3 years, 9 months 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 Services," according to the Silicon Valley company. "Gelsinger's disclosure gave me many reasons to believe Intel is 'back' if the company can execute its plans," said analyst Patrick Moorhead of Moor Insights and Strategy. "This isn't Intel hedging its manufacturing bets -- it looks to me as if the company is all-in," the analyst said of tech giant's plan.

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Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract
3 weeks, 4 days ago

Intel’s CHIPS Act funding reduced from $8.5 billion to $7.85 billion because of recent military contract

Firstpost  

Intel, the largest recipient of CHIPS Act funding, is facing mounting scrutiny over its ability to deliver on its commitments, particularly as it navigates financial struggles and extended project timelines Intel remains the only US-based logic chip manufacturer, a factor that has led US Secretary of Commerce Gina Raimondo to encourage collaboration between Intel and tech giants like Apple, NVIDIA, …

Intel gets $7.86 billion chips manufacturing subsidy from the US government
4 weeks ago

Intel gets $7.86 billion chips manufacturing subsidy from the US government

Hindustan Times  

The U.S. Commerce Department said Tuesday it was finalizing a $7.86 billion government subsidy for Intel, down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon. Intel has already met some initial project milestones and will receive at least $1 billion of the award before the end of December, …

Commerce Department to reduce Intel’s funding on semiconductors
4 weeks ago

Commerce Department to reduce Intel’s funding on semiconductors

Associated Press  

LOS ANGELES — The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding …

Intel shares jump on chip deal with Amazon
3 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
4 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
4 months, 1 week 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 …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
4 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
4 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 plans to cut thousands of jobs to finance recovery: Report
4 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 to delay construction on its $25 billion chip-manufacturing plant in Israel
6 months, 1 week ago

Intel to delay construction on its $25 billion chip-manufacturing plant in Israel

Firstpost  

Intel is currently expanding its operations across the world, albeit in a strategic manner and is therefore assessing which facilities need to be prioritised Intel has been reassessing its investment plans for expanding its production facilities. Image Credit: Reuters Intel has decided to push the construction of its highly anticipated $25 billion chip-manufacturing plant in Israel. Intel is currently expanding …

Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants
8 months, 2 weeks ago

Today’s Cache | Microsoft’s $2.9 billion AI investment in Japan; Intel’s Gaudi 3 AI chip to launch this year; TSMC boosts US chip production with $11.6 billion grants

The Hindu  

Microsoft invests $2.9 Billion in Japan for AI development Microsoft plans to invest $2.9 billion in Japan over the next two years, to enhance the country’s AI capabilities and bolster cybersecurity against threats from China and Russia. While earlier versions of Intel’s Gaudi AI chips didn’t gain significant market share, the company anticipates that the new model will have a …

Intel Loses $7 Billion In Its Chip Business Battle With TSMC Last Year
8 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 to make world's largest AI chip factory in the US, spend over $100 billion across four states
9 months ago

Intel to make world's largest AI chip factory in the US, spend over $100 billion across four states

Firstpost  

Intel CEO Pat Gelsinger wants to build the largest AI chip manufacturing site in the world near Columbus, Ohio. The AI chip factory will be the centrepiece of Intel’s ambitious five-year spending plan to expand in the US Intel wants to build the world's largest AI chip making factory in Ohio, and plans to have it operational by 2027. Image …

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states
9 months ago

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states

NPR  

Biden is giving Intel $8.5 billion for big semiconductor projects in 4 states Enlarge this image toggle caption Brendan Smialowski/AFP via Getty Images Brendan Smialowski/AFP via Getty Images CHANDLER, Ariz. — President Biden announced a deal with Intel that will give the chipmaker up to $8.5 billion in grants and another $11 billion in loans to build semiconductor plants in …

Israel grants Intel $3.2bn for new $25bn chip plant
11 months, 4 weeks ago

Israel grants Intel $3.2bn for new $25bn chip plant

Al Jazeera  

Deal with US chipmaker is ‘largest investment ever’ in Israel, Prime Minister Benjamin Netanyahu says. Israel’s government has agreed to give Intel Corp a $3.2bn grant for a new $25bn chip plant it plans to build in southern Israel, both sides have said. In June, Israeli Prime Minister Benjamin Netanyahu publicised news of the deal – which remained unconfirmed by …

Mint Explainer: Why Intel is betting on siliconomy, AI-enabled PCs
1 year, 3 months ago

Mint Explainer: Why Intel is betting on siliconomy, AI-enabled PCs

Live Mint  

The explosive growth of artificial intelligence has transformed Nvidia's graphics processing units, or GPUs, into one of the hottest technology assets in the world, pushing the company's market capitalization to more than $1 trillion. Intel is The company has already demonstrated its intent to push Moore’s Law forward with new materials and new packaging technologies such as glass substrates which, …

Intel to build $33-billion chip plant in Germany after government pledges to cover a third of the cost
1 year, 6 months ago

Intel to build $33-billion chip plant in Germany after government pledges to cover a third of the cost

LA Times  

German Chancellor Olaf Scholz, right, and Intel CEO Pat Gelsinger in Berlin at a signing ceremony for a new chip plant. Intel and the German government signed a deal Monday that will see the U.S. company spend more than $32.8 billion to build a chip manufacturing plant in the eastern city of Magdeburg, after Germany pledged to cover a third …

Intel Sees More Losses as PC Makers Sharply Cut Chip Buying In 2023
1 year, 10 months 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, 1 month 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 …

Biden to attend groundbreaking of Intel’s $20B Ohio plants
2 years, 3 months ago

Biden to attend groundbreaking of Intel’s $20B Ohio plants

Associated Press  

COLUMBUS, Ohio — Intel Corp. will break ground Sept. 9 on its planned $20 billion Ohio semiconductor facilities with President Joe Biden in attendance, the company and the the White House said Thursday. Total investment could top $100 billion over the decade with six additional fabs, Intel CEO Patrick Gelsinger has said. Biden will speak on “rebuilding American manufacturing” through …

Intel To Increase Chipset Prices Due To Rising Costs: What It Means For You
2 years, 5 months ago

Intel To Increase Chipset Prices Due To Rising Costs: What It Means For You

News 18  

-Intel Corp said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage increases are likely to range from …

Intel unveils $88B chipmaking expansion plan for Europe
2 years, 9 months ago

Intel unveils $88B chipmaking expansion plan for Europe

Associated Press  

LONDON — U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages. CEO Pat Gelsinger said Intel was investing the money over the next decade “along the entire semiconductor value chain.” …

Intel to build $20B Ohio chip facility amid global shortage
2 years, 11 months ago

Intel to build $20B Ohio chip facility amid global shortage

Associated Press  

COLUMBUS, Ohio — Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing crucial technology products in the U.S. You can think about this as a …

Intel plans $20 bln chip manufacturing site in Ohio
2 years, 11 months ago

Intel plans $20 bln chip manufacturing site in Ohio

The Hindu  

Intel Corp will invest $20 billion in two new plants in Ohio to make advanced chips, the company said on Friday, the first step to a "mega-site" that can accommodate eight chip factories costing $100 billion. Chief Executive Pat Gelsinger is driving Intel plans to expand, especially in Europe and the United States, as it seeks to heat up competition …

Intel will build Ohio computer chip factories amid global shortage
2 years, 11 months ago

Intel will build Ohio computer chip factories amid global shortage

LA Times  

Intel will spend $20 billion on a new semiconductor manufacturing facility in Ohio. Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in a wide variety of products, including phones, cars and video games. “Intel’s work is essential to our efforts to rebuild America’s chip building capacity and create …

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage
2 years, 11 months ago

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage

NPR  

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP COLUMBUS, Ohio — Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games. "Intel's work is essential …

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO
3 years, 3 months ago

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO

The Hindu  

Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for automakers. Intel CEO Pat Gelsinger, speaking at Munich's IAA auto show, also said the company would announce the locations of two major new European …

Intel reiterates chip supply shortages could last several years
3 years, 6 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 to spend $20 billion on U.S. chip plants
3 years, 9 months ago

Intel to spend $20 billion on U.S. chip plants

The Hindu  

Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker. “The unprecedented demand for technology has created even more need for the innovative products Intel creates,” Keyvan Esfarjani, Intel's senior vice president of manufacturing and operations, told reporters outside the company's plant in …

Intel to Invest $20 Billion on US Chip Factories as CEO Challenges Asia Dominance
3 years, 9 months ago

Intel to Invest $20 Billion on US Chip Factories as CEO Challenges Asia Dominance

News 18  

Intel Corp will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as $20 billion to build two factories in Arizona and to open up its factories to outside customers. In an interview with Reuters, Gelsinger said Intel has “fully resolved” its problems with its most recent manufacturing technology and is …

Intel announces Arizona expansion as chipmaker seeks footing
3 years, 9 months ago

Intel announces Arizona expansion as chipmaker seeks footing

Associated Press  

CHANDLER, Ariz. — Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker. “The unprecedented demand for technology has created even more need for the innovative products Intel creates,” Keyvan Esfarjani, Intel’s senior vice president of manufacturing and operations, told reporters outside the …

Intel investing $20 billion in new US chipmaking plants as part of turnaround plan
3 years, 9 months 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 says production of new data centre chips set to ramp up in first quarter
3 years, 11 months ago

Intel says production of new data centre chips set to ramp up in first quarter

The Hindu  

Intel Corp said on Monday it would ramp up the production of a new data centre chip in the first quarter and that a new generation of chipmaking technology will become a key part of its output this year. Intel, the biggest maker of central processor chips for both PCs and for the data centre servers that power the internet, …

Intel has few good options as investor demands break-up
3 years, 11 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
3 years, 11 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 …

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