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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.
Mobileye has announced the launch of its new EyeQ® Ultra system-on-chip for autonomous vehicles, indicating strengthened partnerships with major automakers such as Ford, Volkswagen Group, and Geely’s ZEEKR. Meanwhile, Intel has introduced the 12th Gen Intel® Core™ i9-12900HK, claiming it as the best platform for gaming laptops, supported by over 100 devices expected to launch. Additionally, Intel has successfully shipped its high-performance Alchemist GPUs, achieving over 50 design wins across various platforms.
Intel has unveiled its 12th Gen Intel Core mobile and desktop processors, promising faster performance and enhanced capabilities for gaming and productivity. The flagship Intel Core i9-12900HK mobile processor is touted as the fastest ever, offering up to 40% better performance than its predecessor. The lineup includes 28 new mobile processors and 22 desktop options, featuring innovative technologies such as Intel Evo and vPro platforms aimed at business and creative users. These processors support advanced connectivity options and aim to drive future innovations in computing.
Mobileye unveiled the EyeQ Ultra™, its most advanced system-on-chip (SoC) for autonomous vehicles, at CES 2022. This SoC achieves a performance of 176 TOPS, marking it as the industry’s most efficient chip designed for fully autonomous driving. The first silicon is set for late 2023, with full production expected in 2025. Additionally, Mobileye announced two new SoCs, EyeQ6L and EyeQ6H, for advanced driver-assistance systems (ADAS), aiming to enhance safety and efficiency in the automotive sector.
Intel Corp. has completed the first closing of its NAND and SSD business sale to SK hynix, fetching US$7 billion.
The deal includes the transfer of SSD business assets and the Dalian NAND manufacturing facility in China. Intel will continue to manufacture NAND wafers at the Dalian site until the final closing, expected in or after March 2025, for an additional US$2 billion. New subsidiary Solidigm will oversee the SSD operations with Rob Crooke as CEO.
Intel plans to reinvest proceeds to advance its product leadership and growth strategies.
Intel has launched its oneAPI 2022 toolkits, featuring over 900 technical improvements to enhance developers' productivity and performance across Intel’s architectures. New capabilities include a unified compiler for C++, SYCL, and Fortran, optimized for AI and ray tracing workloads. According to a survey, 40% of developers now target heterogeneous systems, and oneAPI simplifies cross-architecture software development without proprietary restrictions. The toolkits support the newest Intel hardware, including the 12th Gen Core processors.
Elliptic Labs, a leader in AI Virtual Smart Sensors, collaborates with Intel Corporation (NASDAQ: INTC) to integrate its AI Virtual Smart Sensor Platform into Intel-based PCs and IoT devices. This partnership allows manufacturers to utilize cost-effective software solutions for human presence and touchless gesture detection, eliminating the need for expensive hardware sensors. The collaboration aims to enhance product offerings across high-end and low-end markets, driving innovation in technology and improving customer experiences.
Intel is advancing its innovation strategy to continue Moore's Law with significant breakthroughs in packaging and transistor technologies. At the IEEE International Electron Devices Meeting, Intel announced a potential for more than a 10x density improvement in interconnect packaging and a 30%-50% scaling enhancement in transistor area. The company is also exploring new materials and concepts in physics, including GaN-based power switches and novel quantum computing devices, aimed at transforming the future of computing technology.
Intel Labs has launched the Research Center for Integrated Photonics for Data Center Interconnects in Santa Clara, California. This center aims to innovate optical I/O technology, focusing on enhancing performance and integrating photonics with CMOS circuits. As data demands strain current network capabilities, the research will address the limitations of electrical I/O. Key projects include developing low-power optical transceivers and nonvolatile optical networks, underscoring Intel's commitment to advancing computing technology through academic collaboration.
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
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