Intel Corp - INTC STOCK NEWS

Intel Corporation has officially launched its Intel Arc A-Series graphics family for laptops, marking a significant development in the discrete GPU market. The initial offering includes laptops featuring Arc 3 graphics, with Arc 5 and Arc 7 models expected to launch in early summer. These GPUs utilize advanced technologies aimed at enhancing gaming and content creation, including AV1 hardware acceleration and AI capabilities through XMX AI engines. This launch is seen as a pivotal step for Intel in the competitive graphics market.

Intel has launched an innovative AI incubator lab in partnership with the Maricopa County Community College District in Arizona. This initiative aims to equip students with critical skills for AI-related careers across various fields including business and healthcare. Supported by $60,000 worth of advanced Intel technology, the lab will offer courses in Machine Learning, Computer Vision, and more. With 200 students currently enrolled, this program is poised to expand its reach nationwide by 2023, aligning with Intel's goal of enhancing workforce digital readiness.

Moov, a marketplace for used semiconductor manufacturing equipment, has established its headquarters at 100 Mill in Tempe, Arizona, occupying 32,000 square feet. This strategic location aims to address a pressing need for a more flexible supply chain in the semiconductor industry. The company plans to increase its workforce by 300%, reaching over 150 employees by the end of the year, primarily in the Greater Phoenix area. Recent trends indicate a burgeoning semiconductor hub in the region, with investments exceeding $45 billion and a projected 10% rise in semiconductor equipment expenditures in 2022.

Intel announces a major investment of up to 80 billion euros in Europe over the next decade, focusing on the semiconductor value chain. The initial phase includes 17 billion euros for a semiconductor fab in Germany and a new R&D hub in France. This initiative aims to bolster Europe's chip manufacturing, enhance supply chain resilience, and create thousands of jobs across the region, ultimately targeting a balanced semiconductor ecosystem.

Intel Corporation (NASDAQ: INTC) and Maricopa Community Colleges have opened registration for a new semiconductor technician Quick Start program at Mesa Community College, aimed at addressing workforce needs in the semiconductor industry. This two-week program will provide hands-on training from Intel employees, enabling participants to gain industry-recognized certifications and earn college credits. Intel's investment of $20 billion in two new chip factories is expected to create over 3,000 high-paying jobs and support 15,000 indirect jobs, while focusing on diversity in hiring.

Mobileye has submitted a draft registration statement on Form S-1 to the U.S. SEC for its proposed IPO. The exact number of shares and price range have not yet been specified. The IPO is expected to occur following the SEC's review, contingent on market conditions. This release is not an offer to sell or solicit offers for securities, complying with the Securities Act of 1933.

Intel continues to lead in semiconductor technology, aiming to empower global progress and innovation.

Christoph Schell has been appointed executive vice president and chief commercial officer of Intel, effective March 14, 2022, succeeding Michelle Johnston Holthaus. Schell, who previously served at HP Inc., brings extensive experience in global sales and marketing. According to Pat Gelsinger, Intel’s CEO, Schell's expertise will help Intel capitalize on significant market opportunities and strengthen customer relationships. Schell's leadership will focus on innovative strategies to enhance Intel's business growth amid evolving technology demands.

Intel hosted its 2022 Investor Meeting, detailing its strategy to achieve 10%-12% annual revenue growth by 2026 amid a $1 trillion semiconductor market by 2030. For 2022, Intel anticipates revenue of $76 billion with a non-GAAP gross margin of 52% and EPS of $3.50. The company plans to enhance gross margins to 54%-58% by 2026 through improved product sales and cost efficiencies. Intel's Smart Capital strategy signals disciplined investments and collaborations to boost manufacturing capacity, aiming to maintain competitive edge in traditional and emerging markets.

Intel Corporation is set to acquire Tower Semiconductor for $53 per share, totaling approximately $5.4 billion. This acquisition aligns with Intel's IDM 2.0 strategy, enhancing its foundry services amid rising semiconductor demand. The purchase aims to combine Intel's advanced manufacturing capabilities with Tower's specialized technology, creating a comprehensive foundry offering. Post-acquisition, the deal is expected to be immediately accretive to Intel's non-GAAP EPS and is anticipated to close in about 12 months, pending regulatory approvals.