Intel
Intel Faces Shareholder Lawsuit After $32 Billion Market Value Evaporation
August 08, 2024 – Intel, the U.S. chipmaking giant, faced a class-action lawsuit from its shareholders on Wednesday, according to a report by Reuters. The plaintiffs accused the company of concealing significant operational issues, leading to poor performance, massive layoffs, and the suspension of dividends. Consequently, the company’s stock price evaporated more than $32 billion…
Intel to Lay Off 15,000 Employees: CEO Pat Gelsinger Describes ‘Painful’ Decision
August 02, 2024 – Following the release of its financial report today, Intel CEO Pat Gelsinger announced a series of “significant cost-cutting measures” in a memo sent to employees. These measures, aimed at aligning the company’s cost structure with its new operating model, include plans to save $10 billion in costs by 2025. A key…
Meta CEO Slams Closed Ecosystems, Including Apple, in Conversation with NVIDIA’s Huang
July 30, 2024 – In a candid conversation between tech giants, Meta CEO Mark Zuckerberg expressed his dissatisfaction with “closed” application ecosystems such as Apple’s during a dialogue with NVIDIA CEO Jensen Huang on July 29th. The discussion, which initially began on a conciliatory note with both billionaires congratulating each other on their respective dominance…
Intel Halts Investment in French R&D Center and Puts Italian Factory Plans on Hold
July 23, 2024 – In a recent development, the technology giant Intel has reportedly shelved its chip investment plans in France and Italy, as revealed in an official statement obtained by POLITICO on the 4th of this month. This announcement aligns with the sentiments expressed by Italian Industry Minister Adolfo Urso back in March. According…
Sudden Exit of Intel’s Esteemed Female Executive After Over Two Decades of Service
July 20, 2024 – In a significant move within the tech industry, Lisa Spelman, a seasoned executive who has dedicated over two decades of her career to Intel, will step down from her role on August 15th to embark on a new journey as the Chief Executive Officer of Cornelis Networks, a high-performance computing connectivity…
Intel Set to Launch Arrow Lake-S Desktop Processors in Early-Mid October
July 12, 2024 – Intel is poised to disrupt the desktop processor market with the impending release of its “Arrow Lake-S” Core Ultra 200 series, scheduled for the first half of October this year, according to reliable sources cited by Taiwanese tech outlet BenchLife.info. Strategically timed to avoid the peak holiday season in China during…
Intel Rolls Out 5593 Beta Driver, Bolstering Support for ‘The First Descendant’ and More
June 28, 2024 –Intel has recently released the 101.5593 Beta graphics driver tailored for its Arc series of graphics processing units (GPUs). This update primarily focuses on enhancing compatibility and performance for two notable games: “Final Fantasy XIV: Endwalker” and “The First Descendant.” While the new driver doesn’t address any existing issues, Intel has identified…
Intel CEO to Host Dinner for Taiwanese Supply Chain, Including NVIDIA-Snubbed Compal
June 03, 2024 – Intel CEO Pat Gelsinger arrived early in Taiwan on June 1st, signaling his eagerness to participate in the upcoming COMPUTEX Taipei, where he is scheduled to deliver a keynote speech on June 4th. Ahead of his much-anticipated address, Gelsinger plans to host a VIP dinner on the evening of June 3rd,…
Intel Spins Off FPGA Business as New Independent Company ‘Altera’ to Bolster AI and Edge Capabilities
March 01, 2024 – In a significant move, Intel has announced the formation of a wholly-owned and independently operated FPGA company, “Altera,” following the establishment and independent accounting of Intel Foundry. Known for inventing the world’s first programmable logic device, particularly renowned for its FPGA technology, Altera was acquired by Intel in 2015 for $16.7…
Faraday Technology Announces Plans for World’s First 64-Core Arm Neoverse Processor Using Intel 18A Technology
February 06, 2024 – In a recent announcement, chip design company Faraday Technology has unveiled plans to develop the world’s first 64-core processor based on the Arm Neoverse architecture. The estimated completion date is set for the first half of 2025, with production utilizing Intel’s cutting-edge 18A process technology. Intel’s 18A technology, equivalent to the…