US Government Cuts Intel’s Subsidy: Dropping from 8.5BilliontoBelow8 Billion

November 25, 2024 – According to informed sources cited by The New York Times, the Biden administration in the United States is planning to reduce the initial 8.5billionallocationfromtheChipsandScienceActgrantedtoIntelCorporation.Thefundingamount,whichwasannouncedearlierthisyear,isexpectedtobecuttobelow8 billion. This change in conditions takes into account a $3 billion contract obtained by Intel to produce chips for the U.S. military. The U.S. government’s decision to…

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Intel Reveals Shift from MoP: Future Processors to Diverge from Lunar Lake’s Integrated Memory Design

November 01, 2024 – During the 2024 third-quarter earnings call, Intel CEO Pat Gelsinger confirmed that future processor generations, including Panther Lake, Nova Lake, and their successors, will not directly integrate memory within the package, unlike the Lunar Lake processors. For clarification, Intel’s Core Ultra 200V “Lunar Lake” series processors utilize a Memory on Package…

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Intel to Lay Off Hundreds at Polish R&D Center

October 30, 2024 – According to a report by the Warsaw Business Journal on October 29, citing documents submitted by Intel to the local labor office, the technology giant is planning to lay off hundreds of employees at its research and development center in Gdansk, Poland. In response to the report, an Intel spokesperson in…

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