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.
Intel Corporation will engage in several upcoming investor events, highlighting key technology discussions. On August 31, at 9 a.m. PDT, Greg Lavender will discuss software's role in data center architecture at Arete Research Future of Compute Series. Subsequently, at 9:45 a.m. PDT, Sandra Rivera will present on the Datacenter and AI Group at the Deutsche Bank Technology Conference. Additionally, on September 7, at 6:30 a.m. PDT, CEO Pat Gelsinger will address Intel's corporate strategy at the Evercore ISI TMT Conference. Webcasts will be available on Intel's Investor Relations website.
Intel Corporation has elected Lip-Bu Tan, a notable figure in the semiconductor industry, to its board of directors, effective September 1, 2022. Tan is currently the executive chairman of Cadence Design Systems and has extensive experience in software and venture capital. His addition is expected to provide valuable insights, particularly to Intel's M&A Committee. Tan expressed enthusiasm about contributing to Intel's transformation under CEO Pat Gelsinger, aiming to leverage upcoming opportunities in the semiconductor market.
Intel will showcase its security innovations at Black Hat USA 2022 from
Intel is set to host a two-day hybrid event, Intel Innovation, from Sept. 27-28 at the San Jose McEnery Convention Center. CEO
Intel and MediaTek have formed a strategic partnership to manufacture chips using Intel Foundry Services (IFS). This collaboration aims to enhance MediaTek's supply chain resilience by providing access to IFS's advanced process technologies and significant manufacturing capacity in the US and Europe. MediaTek will use these technologies for a variety of smart edge devices, catering to the increasing global demand. IFS's commitment to expanding its capacity, particularly in Ohio and Germany, further supports this initiative.
Intel Corporation has declared a quarterly dividend of $0.365 per share, amounting to $1.46 annually. This dividend is payable on Sept. 1, 2022, to stockholders of record on Aug. 7, 2022. The announcement underscores Intel's commitment to delivering shareholder value while it continues to innovate in semiconductor technology, aiming to meet the demands of modern computing and data processing.
Intel has launched new open source AI reference kits to enhance AI accessibility across various industries like healthcare and retail. These kits, introduced at Intel Vision, consist of AI model code and comprehensive machine learning pipeline instructions, aiding developers in accelerating AI deployment. Collaborating with Accenture, the kits include utilities for predictive maintenance, visual quality control, customer chatbots, and intelligent document indexing, optimizing AI workloads for better performance and lower costs.
Intel Corporation will announce its second-quarter 2022 financial results on July 28, 2022, after the market closes. An earnings conference call is scheduled for 2 p.m. PDT on the same day to discuss these results. Interested parties can access the live public webcast on Intel's Investor Relations website. This release highlights Intel's commitment to advancing semiconductor technology and its focus on embedding intelligence across various computing devices.
Mobileye, part of Intel, has launched the EyeQ Kit, its first software development kit for the EyeQ® system-on-chip, aimed at enhancing driver-assistance and autonomous vehicle technologies. This kit leverages the architecture of the EyeQ®6 High and EyeQ®Ultra processors, allowing automakers to customize their code and interfaces while utilizing Mobileye's core technology. The initiative seeks to reduce development costs and accelerate market delivery, with existing deployment in a major global automaker's future vehicle programs.
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