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Intel is grappling with an unexpected market shift as customers eschew its new AI-focused processors for cheaper previous-generation chips. The company revealed during its recent earnings call that demand for older Raptor Lake processors has surged whi…
Intel plans to cut more than 20% of its workforce this week, marking the first major restructuring under new CEO Lip-Bu Tan, according to Bloomberg. The cuts aim to eliminate bureaucracy and restore an engineering-centric culture at the struggling chip…
Intel Corporation has announced the divestiture of a 51% stake in its Altera division to Silver Lake, valuing the programmable logic company at $8.75 billion. This transaction marks a significant shift in Intel’s focus, enabling the tech giant to…
Intel will sell a 51% stake in its Altera programmable chip unit to private equity firm Silver Lake for $4.46 billion, aiming to cut costs, raise cash, and streamline the company’s focus as it shifts toward becoming a contract chip manufacturer. CNBC r…
Intel and Taiwan Semiconductor Manufacturing Co. have reached a preliminary agreement to form a joint venture operating Intel’s chipmaking facilities, with TSMC taking a 20% stake, The Information reports [non-paywalled source]. Intel and other U.S. se…
Intel has unveiled a refresh of its iconic brand identity, introducing the slogan “That’s the power of Intel Inside” to reconnect with consumers and highlight the chipmaker’s role in modern computing. The new campaign resurrects the familiar “Intel Ins…
Intel Chief Executive Officer Lip-Bu Tan said the chipmaker will spin off assets that aren’t central to its mission and create new products including custom semiconductors to try to better align itself with customers. From a report: Intel needs to repl…
Nvidia has not been approached about acquiring a stake in Intel, CEO Jensen Huang said on Wednesday, addressing speculation about potential semiconductor industry consolidation.
“Nobody’s invited us to a consortium,” Huang told reporters at Nvidia’s …
Intel’s stock jumped nearly 19% this week. “However, in the past year through Wednesday’s close, Intel stock had fallen 53%,” notes Investor’s Business Daily:
The appointment of Lip-Bu Tan as CEO is a “good start” but Intel has significant challenges…
Intel has appointed Lip-Bu Tan as its new CEO in an effort to turn around the struggling chipmaker, following the resignation of Pat Gelsinger. CNBC reports: Tan was previously CEO of Cadence Design Systems, which makes software used by all the major c…