Intel Corp

Intel CEO Pat Gelsinger steps down in less than 4 yrs after taking helm

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

Intel Corp secures $7.9 billion chips award for US factory expansion

Intel will qualify for at least $1 billion this year, a senior administration official said, based on milestones it has already reached

Nvidia to replace Intel in three S&P Dow Jones indices by Nov 8

The company will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8, S&P Dow Jones Indices said in a statement

Apollo Global proposes $5 billion investment in troubled chipmaker Intel

Apollo Global management's proposed investment signals confidence in Intel's turnaround, as the chipmaker struggles with costly transformation efforts

Chipmaker Qualcomm to explore potential acquisition of Intel: Report

While Qualcomm's approach raises the prospect of others entering the fray, at least one large rival is opting to sit on the sidelines for now

Intel's Amazon chip deal lifts investor confidence in money-losing unit

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

How Intel lost Sony PlayStation deal worth potential $30 billion revenue

Dispute over profit margins blocked Intel-Sony deal, sources say

Global tech leaders eye Rs 10,000 cr AI tender as India expands AI mission

The exceptional participation has prompted the government to extend the deadline to accommodate the overwhelming response and industry suggestions

Tech layoffs continue: Dell to slash 12.5K jobs in restructuring for AI era

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

Intel to lay off nearly 17,500 workers, suspend dividend in turnaround push

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

Intel shares to fall most in 24 years as it struggles with turnaround

Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates

US tech giant Intel halts expansion plan for $25 billion Israel chip plant

Intel did not give any specific reason for the decision and made no link to the ongoing war in Gaza, in which over 37,000 Palestinians have been killed

Over 500 AI models are now optimised for Core Ultra processors, says Intel

Intel said the AI models optimised for Core Ultra processors are available from popular industry sources, including OpenVINO Model Zoo, Hugging Face, ONNX Model Zoo and PyTorch

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

Infosys, Intel join hands to accelerate enterprise growth with Gen AI

Indian IT services company Infosys and chip giant Intel on Wednesday announced expansion of their strategic collaboration to assist global enterprises in accelerating their AI journeys. The advanced artificial intelligence (AI) solutions offered as a part of this partnership will aim to help businesses become cost-effective and performance-driven while being responsible by design, according to a joint release. Announcing Infosys Topaz and Intel collaboration to accelerate enterprise growth and efficiency with Generative AI, the release said the expanded partnership will help "democratise" AI by bringing open standards in AI hardware and software stack across edge, core, and cloud computing. Infosys Topaz an AI-first set of services, solutions and platforms that helps enterprises accelerate business value using generative AI technologies - will adopt Intel-based solutions, including Intel Xeon processors, Intel Gaudi accelerators, Intel Core Ultra Processors, software, and other ...

Intel discloses $7 billion operating loss in 2023 for chip-making unit

Chief Executive Pat Gelsinger said 2024 would be the year of worst operating losses for the company's chipmaking business and that it expects to break even on an operating basis by about 2027

Intel stands to win $3.5 billion to produce advanced chips for US military

The Wall Street Journal reported in November that Intel was in talks for between $3 billion and $4 billion in government subsidies from the programme

Altera: Intel sees AI opportunity for standalone programmable chip unit

Intel's programmable chip unit began operating as a standalone business at the beginning of the year

Highlights of the day: Investments are inclined towards India, says FM

From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world

Intel in talks with Biden admin for more than $10 bn in subsidies

Intel climbed as much as 1.1 per cent in late trading Friday after Bloomberg reported the news. The stock was down 13 per cent this year through the close