Intel
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…
Intel to Deliver Custom Xeon 6 Processors for Amazon AWS
September 18, 2024 – According to a press release from both Intel and Amazon Web Services (AWS) on the 16th of this month, Intel will not only manufacture an AI fabric chip for AWS on the Intel 18A node, but will also provide customized server CPUs for the cloud computing giant. The announcement builds upon…
Intel to Close Shannon R&D Center in Ireland, Impacting 750 Jobs
September 13, 2024 – According to a report by The Irish Times on September 6th, employees at Intel’s research and development department have been informed that the company plans to shut down its factory located in Shannon, County Clare, Ireland by the end of next year. The company’s operational base in Ireland will be relocated…
Altera Dismisses Rumors of Being Sold by Intel, Stays Focused on 2026 IPO
September 13, 2024 – Rumors have been swirling in the industry about Intel’s potential plans to sell off its subsidiary, Altera. However, in a recent interview, Altera’s CEO Sandra Rivera firmly debunked these speculations. She stated unequivocally that Intel remains committed to its goal of facilitating Altera’s IPO by 2026 and currently has no intentions…
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…
Intel CEO Pat Gelsinger to Deliver Keynote at ISSCC 2025, Highlighting Foundry Advances
August 10, 2024 – According to a report by the Korean media outlet, Chosun Ilbo, Intel CEO Pat Gelsinger will attend and deliver a keynote speech at the upcoming IEEE International Solid-State Circuits Conference (ISSCC) in San Francisco, scheduled for February 16-20, 2025. This marks the first time Gelsinger will speak at the plenary session…
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…