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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 has announced its plan to take Mobileye public in mid-2022 through an initial public offering (IPO), leveraging Mobileye's anticipated revenue growth of over 40% in 2021. Mobileye has achieved significant milestones, including shipping its 100 millionth EyeQ® system-on-chip and securing 41 new ADAS program wins. Intel will retain majority ownership of Mobileye post-IPO. The collaboration aims to enhance their combined automotive technology efforts. Intel emphasized that this IPO is targeted at unlocking value for shareholders without impacting its 2021 financial targets.
Intel has announced a fully virtual presence at AWS re:Invent 2021, featuring an interactive 3D "City on the Cloud" experience. The event runs from Nov. 29 to Dec. 10 and showcases AWS solutions powered by Intel. Key sessions include insights on 3D Athlete Tracking technology, high-performance computing for drug discovery, and India's CoWin vaccination platform. Intel will donate up to
Intel has launched the 12th Gen Intel Core processor family, featuring six unlocked desktop processors, including the Core i9-12900K, touted as the world's best gaming processor. Preorders are live, with full availability starting Nov. 4. The new performance hybrid architecture is built on Intel's 7 process, allowing for significant boosts in content creation speed and gaming performance. Enhancements include support for DDR5 memory and PCIe 5.0, targeting over 500 designs. Availability expected for over 140 customers across 30 countries, with pricing ranging from $264 to $589.
Intel recently announced significant innovations at its Intel Innovation event, emphasizing a commitment to developers and an open ecosystem. Key highlights include the launch of the 12th Gen Intel Core processors, designed for superior performance across all PC segments, and advancements in AI with the upcoming Aurora supercomputer, projected to exceed double exaflops in performance. A partnership with Google Cloud for the development of the Mount Evans ASIC-based IPU was also unveiled, indicating deep collaboration in enhancing cloud infrastructure.
Swiss Re is collaborating with Decentriq to enhance data privacy using Intel SGX technology. This partnership aims to secure sensitive datasets while performing analytics, addressing challenges in accessing such data. Swiss Re has demonstrated improved performance, security, and market speed through a proof of concept in marine insurance. This use of confidential computing is anticipated to unlock new business opportunities and enhance insurance pricing models as the industry adapts to a more data-driven environment.
Helbiz Inc. (NASDAQ: HLBZ) expands its partnership with Moovit, an Intel company (NASDAQ: INTC), to integrate its electric vehicles into the Moovit app. This collaboration will provide users access to Helbiz's micro-mobility vehicles in over 35 cities across the United States and Europe, including upcoming expansions to Spain, France, and Serbia. The integration aims to promote sustainable travel options and gather mobility data to alleviate urban congestion. Helbiz continues to enhance its services, contributing to smart city initiatives and the growth of green transportation.
Intel has launched Loihi 2, its second-generation neuromorphic research chip, alongside Lava, an open-source software framework. Loihi 2 features up to 1 million neurons per chip, providing up to 10 times faster processing and improved energy efficiency. The technology aims to enhance applications in areas like robotics, vision, and voice recognition. Additionally, the Lava framework facilitates cross-platform application development, addressing needs in the neuromorphic research community.
Intel has announced a
Intel Corporation has declared a quarterly dividend of $0.3475 per share, totaling $1.39 annually. This dividend will be payable on December 1, 2021, to shareholders of record as of November 7, 2021. Intel continues to be a leader in semiconductor technology, focusing on innovation to address customer challenges and drive global progress.
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