Intel Corp Stock Price, News & Analysis

Mobileye Global Inc. (Nasdaq: MBLY) announced participation in several investor events in Q2 2023, including the BofA Securities Automotive Summit on April 4 and the Evercore ISI AutoTech & AI Forum on May 25. Additional events include the Mizuho Auto Technology Conference, Cowen Technology Conference, and Fox Advisors Transportation Technology Conference, scheduled throughout June 2023. Mobileye aims to webcast these sessions, with details available on their investor relations site. The company specializes in autonomous driving and driver-assistance technologies, with over 125 million vehicles equipped with its technology globally. Mobileye operates independently, following its 2022 spin-off from Intel (Nasdaq: INTC).

Workspot has partnered with SORAVIA, a leading real estate developer in Austria and Germany, to enhance mergers and acquisitions processes through Cloud PCs. This collaboration aims to modernize end-user computing and simplify IT operations, enabling SORAVIA to reduce the integration time post-acquisition by 50%. The implementation includes a Cloud PC solution powered by Google Cloud and Intel's 2nd Generation Xeon Scalable Processor, boosting data analytics and productivity. SORAVIA emphasizes sustainability in its projects, with the Austro Tower being a prime example, recognized for its eco-friendly practices.

Intel has announced that its Open Federated Learning (OpenFL) project has been accepted as an incubation initiative by the LF AI & Data Foundation. This open-source framework enables collaborative machine learning while preserving data privacy. Key partners like Penn Medicine, VMware, and Flower Labs are involved in this effort to drive standardization and interoperability in federated learning. OpenFL allows organizations to analyze data without sharing sensitive information, thus facilitating insights across various industries, including healthcare and finance. Future development will include enhancements for security and integration with other hardware.

Intel Corporation has announced an investor webinar scheduled for 8:30 a.m. PDT on March 29, 2023. The event will focus on the company's Data Center and AI business, showcasing growth drivers and the data center product roadmap. Sandra Rivera, executive vice president and general manager of the Data Center and AI Group, will lead the presentation. The live webcast will be available on Intel's Investor Relations website, along with associated materials and a replay.

Intel continues to be a leader in semiconductor technology, driven by innovation to address customer challenges.

Intel has launched version 1.0 of its Quantum Software Development Kit (SDK), enabling developers to simulate quantum computing. The SDK features an intuitive C++ interface and supports Python applications, offering flexibility in programming quantum algorithms. It includes two backends: a generic qubit simulator capable of simulating up to 32 qubits and an Intel quantum dot hardware simulator. This release aims to advance quantum algorithm development ahead of Intel's hardware availability, and Intel has also partnered with universities to enhance quantum computing education.

Intel showcased significant technological advancements at MWC 2023, highlighting a broad industry support for its solutions. The launch of the 4th Gen Intel® Xeon® Scalable processors with Intel® vRAN Boost promises 2x capacity gains while maintaining power efficiency and up to 20% energy savings. Collaborating with SK Telecom, Intel introduced the Infrastructure Power Manager, achieving a 30% reduction in CPU power use. Notably, the processors demonstrated the industry's first 1 Tbps workload performance for 5G networks, underscoring Intel's leadership in cloud and network virtualization.

Intel has released its 2022 Product Security Report, reaffirming its dedication to securing products. The report highlights that 93% of the 243 vulnerabilities addressed were mitigated thanks to Intel's proactive investments. Additionally, 137 vulnerabilities (56%) were identified internally by Intel staff, while 90 of the 106 vulnerabilities reported by external researchers were through Intel’s Bug Bounty program. The report underscores the importance of managing security even post-product launch and illustrates Intel's commitment to security assurance through various initiatives and strong product development practices.

Intel Corporation announced a reduction in its quarterly dividend to $0.125 per share, amounting to $0.50 annually, effective June 1, 2023. This decision reflects a careful approach to capital allocation as the company navigates macroeconomic challenges while aiming to optimize long-term value. Intel reiterated its Q1 2023 outlook, projecting revenues between $10.5 billion and $11.5 billion, alongside a GAAP gross margin of 34.1%. The board emphasizes financial flexibility to support critical investments and is committed to maintaining a competitive dividend.

David Zinsner, Intel CFO, will engage in fireside chats at two key investor events. The first event is the Morgan Stanley Technology, Media and Telecom Conference scheduled for Mar. 8 at 3:20 p.m. PST. The second event is the BofA 2023 Asia Pacific Telecom, Media and Technology Conference on Mar. 13 at 7 p.m. PDT, where he will be accompanied by John Pitzer, Corporate VP of Corporate Planning and Investor Relations. Live webcasts of these discussions will be available on Intel's Investor Relations website.