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Intel Corp - INTC STOCK NEWS

Welcome to our dedicated page for Intel news (Ticker: INTC), a resource for investors and traders seeking the latest updates and insights on Intel stock.

Intel Corporation (NASDAQ: INTC) is an American multinational technology company headquartered in Santa Clara, California. As one of the world's largest semiconductor chip manufacturers by revenue, Intel has been a pioneer in the digital revolution, particularly known for its development of the x86 series of microprocessors, found in most personal computers today.

Intel's core business centers around the design and manufacturing of microprocessors for global markets, including personal computers and data centers. The company has been instrumental in advancing semiconductor technology, adhering to Moore's Law, which predicts the doubling of transistors on a microchip approximately every two years. This foresight has kept Intel at the forefront of the semiconductor industry.

In recent years, Intel has diversified its operations to include communications infrastructure, automotive solutions, and the Internet of Things (IoT). The company aims to leverage its extensive chip manufacturing expertise to adopt an outsourced foundry model, enabling it to construct chips for various external clients.

Intel's latest strategic shift involves the transition to an internal foundry model, a decision announced by the CEO on October 11, 2022. This model is designed to streamline the company's financial reporting by segregating manufacturing services into a distinct group, known as Intel Foundry Services (IFS). The move is expected to enhance cost savings and improve operating margins.

The company recently faced a class action lawsuit related to alleged misleading statements about the Internal Foundry model's financial performance. Despite these challenges, Intel continues to innovate and maintain its leadership in central processing units (CPUs) for both personal computers and servers.

Intel's ongoing projects and partnerships, particularly in the fields of AI, 5G technology, and autonomous driving, underscore its commitment to shaping the future of technology. With a strong financial foundation and a strategic vision for growth, Intel remains a pivotal player in the global semiconductor industry.

News

R2 Semiconductor Outlines Next Steps Following Chip IP Victory Over Intel in Germany

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R2 Semiconductor wins intellectual property victory against Intel in Germany over patent infringement, leading to an injunction on Intel, Dell, HP, and HPE. Intel faces challenges in appealing the decision and validity of the patent, potentially impacting its server business. R2 is prepared to enforce the injunction through 2025 and considers further enforcement steps in Europe.
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Media Alert: Intel at MWC Barcelona 2024

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Intel showcases AI innovations for network, edge, and enterprise at MWC Barcelona 2024 with over 65 partners. The announcements cover AI network innovations, edge AI platforms, Intel Core Ultra processors, and AI PC.
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Intel Reports Fourth-Quarter and Full-Year 2023 Financial Results

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Intel Corporation reported fourth-quarter revenue of $15.4 billion, up 10% year-over-year, with full-year revenue at $54.2 billion, down 14% year-over-year. Earnings per share (EPS) for Q4 was $0.63 and non-GAAP EPS was $0.54. Full-year EPS was $0.40 and non-GAAP EPS was $1.05. The company forecasts first-quarter 2024 revenue of $12.2 billion to $13.2 billion, with expected first-quarter EPS of $(0.25) (non-GAAP EPS of $0.13).
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Intel and UMC Announce New Foundry Collaboration

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Intel Corp. and United Microelectronics Corp. announced a collaboration to develop a 12-nanometer semiconductor process platform targeting high-growth markets. The collaboration aims to bring together Intel's at-scale U.S. manufacturing capacity and UMC's extensive foundry experience to enable an expanded process portfolio. The deal broadens customer access to a geographically diverse semiconductor supply chain and accelerates UMC's development roadmap. Production of the 12 nm process is expected to begin in 2027.
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Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and Provides Business Overview

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Mobileye Global Inc. (Nasdaq: MBLY) reported a 13% increase in revenue to $637 million in the fourth quarter of 2023, with significant improvements in operating income and adjusted operating income. The company generated net cash from operating activities of $394 million and has a strong balance sheet with $1.2 billion of cash and cash equivalents and zero debt. Mobileye achieved design wins projected to generate future revenue of $7.4 billion across 61 million units in 2023, and saw a very successful year in business development and strategy. The company is focused on executing a meaningful improvement in Q2 revenue and normalization of revenue in the second half of 2024, despite an inventory build-up at its customers impacting growth.
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Intel Opens Fab 9 in New Mexico

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Intel celebrates the opening of Fab 9, its cutting-edge factory in Rio Rancho, New Mexico, part of a $3.5 billion investment for advanced semiconductor packaging technologies. The milestone marks Intel's first high-volume semiconductor operations in the US, producing world-class packaging solutions at scale, fueling the next era of innovation in advanced packaging technologies, and contributing to the state's economic growth.
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HiRain to Mass Produce First Mobileye EyeQ™6-Based ADAS System in China

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HiRain Technologies and Mobileye announce the upcoming production of the Mobileye EyeQ™6 Lite based ADAS system, set to debut in China in the second quarter of 2024. This collaboration aims to advance automotive safety and comfort features, with the EyeQ6 Lite offering real-time detection and analysis of surroundings, supporting Cloud-Enhanced ADAS, and meeting ENCAP2023 5-star compliance. The project signifies a significant stride in automotive safety and technological sophistication, reflecting a robust partnership between the two companies.
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Media Alert: Intel Launches Flagship Foundry Event

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Intel will launch its annual flagship foundry event, IFS Direct Connect, on Feb. 21, 2024, in San Jose, California. The event will feature keynotes and updates from Intel CEO Pat Gelsinger and other leaders, focusing on the company's vision for delivering the world's first AI system foundry and defining the next era of silicon design, development, and manufacturing.
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Aramco Digital and Intel Aim to Forge Collaboration to Establish Saudi Arabia's First Open RAN Development Center

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Aramco Digital and Intel plan to establish Saudi Arabia’s inaugural Open RAN Development Center, aiming to drive innovation and contribute to the digital transformation landscape in the Kingdom. The collaboration aims to accelerate the development and deployment of Open RAN technologies, aligning with Saudi Arabia's Vision 2030. The Center will serve as an innovation hub, contribute to local talent development, have a positive economic impact, and extend global collaboration. The facility is expected to commence operations in 2024.
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Mobileye Announces Timing of its Fourth Quarter and Full Year 2023 Results

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Mobileye Global Inc. (Nasdaq: MBLY) will release its financial results for the fourth quarter and full year 2023 on Thursday, January 25, 2024, before market open. The company will host a conference call to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye’s investor relations site, and a replay of the webcast will be made available shortly after the event’s conclusion.
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FAQ

What is the current stock price of Intel (INTC)?

The current stock price of Intel (INTC) is $21.57 as of January 23, 2025.

What is the market cap of Intel (INTC)?

The market cap of Intel (INTC) is approximately 92.7B.

What is Intel Corporation known for?

Intel is known for being one of the world's largest semiconductor chip manufacturers and for developing the x86 series of microprocessors found in most personal computers.

What are Intel's core business areas?

Intel's core business includes designing and manufacturing microprocessors for personal computers and data centers, as well as expanding into communications infrastructure, automotive solutions, and the Internet of Things.

What is Intel's internal foundry model?

The internal foundry model is a strategic shift that separates Intel's manufacturing services into a distinct group, Intel Foundry Services, to streamline financial reporting and improve cost savings and operating margins.

What recent legal challenges has Intel faced?

Intel is currently facing a class action lawsuit related to alleged misleading statements about the financial performance of its internal foundry model.

What innovations is Intel currently focused on?

Intel is focused on innovations in AI, 5G technology, autonomous driving, and leveraging its chip manufacturing capabilities for external clients.

What is Moore's Law?

Moore's Law is the observation that the number of transistors on a microchip doubles approximately every two years, leading to continuous advancements in semiconductor technology.

How does Intel contribute to the automotive industry?

Intel contributes to the automotive industry through its technologies for autonomous driving and advanced driver-assistance systems (ADAS).

What is Intel's role in the Internet of Things (IoT)?

Intel develops microprocessors and other technologies that are essential for IoT applications, facilitating connected devices and smart solutions.

How does Intel plan to grow its business?

Intel plans to grow by expanding into new markets such as communications infrastructure, automotive, and IoT, and by leveraging its chip manufacturing capabilities to serve external clients through its foundry model.

Where is Intel headquartered?

Intel Corporation is headquartered in Santa Clara, California, USA.
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Intel Corp

Nasdaq:INTC

INTC Rankings

#136 Ranked by Market Cap
#1290 Ranked by Dividends

INTC Stock Data

92.69B
4.31B
0.06%
64.68%
2.44%
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