Intel Corp - INTC STOCK NEWS

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.

Benteler, Beep, and Mobileye announced a collaboration to develop fully electric autonomous movers for micro-transit in public and private communities across North America, starting production in 2024. This strategic partnership aims to address transportation inequities in first- and last-mile transit, enhancing mobility access and safety. The autonomous movers will leverage Mobileye’s driving technology and Beep’s operational expertise, fulfilling growing urban mobility needs while aiming for reduced congestion and environmental impact.

Intel Foundry Services (IFS) has launched the IFS Accelerator, an ecosystem alliance designed to assist foundry customers in bringing silicon products from concept to reality. In collaboration with 17 founding partners, the initiative offers advanced electronic design automation (EDA) solutions, a robust IP portfolio, and design services. This comprehensive suite aims to enhance customer innovation and accelerate time to market, responding to the growing demand for semiconductors across various applications.