Intel and Samsung Rumored to Form ‘Semiconductor Avengers’ Alliance to Challenge TSMC

October 22, 2024 – According to a report published by Maeil Business Newspaper on October 21st, Intel has reached out to Samsung Electronics to form a “foundry alliance” in order to counterbalance the dominance of TSMC in the semiconductor manufacturing industry. The report cites an Intel executive who recently contacted Samsung Electronics, expressing the desire…

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Apollo Eyes Potential $5 Billion Investment in Intel

September 23, 2024 – According to Bloomberg, asset management company Apollo is considering a potential equity investment in Intel, with a maximum amount reaching 5billion.Thisinvestment,whichequatestoapproximately5.493.19 billion, reflects Apollo’s confidence in Intel’s strategic transformation plan. However, informed sources have indicated that Intel executives are still weighing Apollo’s proposal, and no final decision has been made. Not…

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Intel CEO Gelsinger to Unveil ‘Cost-Cutting, Efficiency-Boosting’ Plan for Company Revival

September 02, 2024 – According to a report by Reuters, citing informed sources, Intel CEO Pat Gelsinger and his executive team are expected to submit a plan to the company’s board later this month. The plan aims to revive the fortunes of the once-dominant chipmaker by divesting unnecessary businesses and reorganizing capital expenditure. The proposed…

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