Intel

Gelsinger, who resigned on Dec. 1, left the company before the completion of an ambitious and costly four-year plan to restore the company's lead in making the fastest and smallest computer chips

The US firm behind the once ubiquitous "Intel Inside" labels has been hurt by a costly effort to start a foundry business as it also fends off upstart AI chip designers like Nvidia Corp

The EU's Court of Justice ruled that regulators failed to prove the US company doled out illegal rebates to PC makers that agreed to buy most of their chips from Intel

Utilising a dedicated neural processing unit (NPU), HP OmniBook Ultra Flip PCs offer AI tools for enhanced security, productivity, and creativity

Intel and AMD have announced the formation of an x86 ecosystem advisory group to compete with ARM chips. The alliance includes founding members such as Lenovo, Microsoft, Google, and Meta

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Apart from a dedicated neural processing unit (NPU), the Intel Arrow Lake-S processors for desktops also offer significant reductions in power usage

Intel, once the world's largest chipmaker, has become the target of takeover speculation since a rapid deterioration of its business this year

US President Joe Biden awarded Intel nearly $20 billion in grants and loans in March to boost the company's domestic output

The new range of Intel chips-powered ASUS laptops and NUC desktop will receive AI tools and features currently limited to Microsoft Copilot Plus platform based on Qualcomm chips

The shares rose 3.4 per cent to $21.87 in New York trading Friday, rebounding from a decline earlier in the day

Intel's stock has plunged nearly 60 per cent this year and has lagged chip firms, including Nvidia and TSMC, as it missed out on an AI-driven boom in chip demand

Until Amazon, Intel has struggled to find marquee customers that it could discuss publicly

The effort, called the Secure Enclave, aims to establish a steady supply of cutting-edge chips for defense and intelligence purposes

The mobile chipmaker has examined acquiring different pieces of Intel, which is struggling to generate cash

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PCs powered by Intel's new Core Ultra 200V series chips (Lunar Lake) will get Copilot+ PC features over an update starting November this year

Gelsinger, an Intel veteran who left the company for more than a decade, took the helm in 2021 and promised to restore the company's technological edge

The second High NA tool is coming into our Oregon facility, Gelsinger said on the call, adding that the company's technology investments are 'showing good early indicators'

Intel, which employed 116,500 people as of June 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024