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Intel Corp - INTC STOCK NEWS

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.

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Lee’s Famous Recipe Chicken Restaurant is implementing a new conversational AI solution from Hi Auto to enhance drive-thru service by reducing wait times and increasing order accuracy. This AI technology greets customers, answers menu queries, and processes orders efficiently, leading to improved sales and customer satisfaction. With drive-thru orders rising by 22% and wait times increasing by almost 30 seconds, the AI system allows employees to focus on customer interactions, thus enhancing overall service quality.

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Intel will host two keynote sessions at COMPUTEX 2021, featuring insights from its leadership team. Executive Vice President Michelle Johnston Holthaus and colleagues will discuss the company's strategies under new CEO Pat Gelsinger, focusing on driving innovation to meet global challenges. The sessions are scheduled for May 31 and June 2, 2021, and will cover topics ranging from AI to high-performance computing. Attendees can watch the livestreams to understand how Intel aims to expand technology's potential.

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ZF and Mobileye, an Intel company, have been selected by Toyota Motor Corp. to develop advanced driver-assistance systems (ADAS) across multiple vehicle platforms. This partnership marks the integration of ZF's Gen 21 mid-range radar and mobileye technology for enhanced vehicle safety. The collaboration aims to deliver effective collision prevention and advanced vehicle control, meeting global safety standards. The EyeQ4 technology will significantly boost Toyota's capabilities in automated driving.

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Intel CEO Pat Gelsinger emphasizes the company's commitment to corporate responsibility in the 2020-2021 report. Highlighting the role of technology in addressing global challenges, Intel made significant strides toward its 2030 goals, achieving an increase in renewable energy use from 71% to 82% and conserving 7.1 billion gallons of water. The Alliance for Global Inclusion was launched to enhance diversity metrics, and over 230 projects were initiated to support pandemic responses. The focus remains on diversity, climate, and global impact through responsible technology deployment.

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Intel and QuTech have released significant findings in quantum research aimed at addressing the "interconnect bottleneck" between quantum chips and room-temperature electronics. This collaboration successfully validated Intel's Horse Ridge cryogenic controller chip, achieving 99.7% fidelity similar to room-temperature systems while controlling multiple qubits. By demonstrating frequency multiplexing, the research simplifies wiring for quantum computing, marking a key step towards scalability in the field. Future work may integrate the controller chip with qubits on the same die, enhancing quantum scalability.

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The 11th Generation Intel® Core™ H-series mobile processors, code-named “Tiger Lake-H,” have launched, with the flagship Intel® Core™ i9-11980HK touted as the industry’s top gaming laptop processor. It reaches speeds up to 5.0GHz, featuring 8 cores and 16 threads, offering 2.5 times PCIe bandwidth compared to the previous generation. The new processors, which include Intel vPro® models, support advanced features like Thunderbolt™ 4, Wi-Fi 6E, and high-speed GDDR6 memory access. Over 80 laptop designs will utilize these processors, reflecting Intel's commitment to diverse mobile computing solutions.

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Intel Corporation is set to invest $3.5 billion in its New Mexico operations to enhance advanced semiconductor packaging technologies, such as Foveros, its innovative 3D packaging technology. This investment will create at least 700 high-tech jobs and 1,000 construction jobs, along with supporting an additional 3,500 jobs statewide. Construction is expected to commence in late 2021, further solidifying Intel’s role in its global manufacturing strategy.

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Intel has partnered with Samsung to enhance mobile computing through the launch of the Galaxy Book Pro and Book Pro 360, leveraging Intel's Evo platform. This collaboration focuses on delivering superior mobility, connectivity, and performance, aiming to unlock user potential. The PCs are powered by 11th Gen Intel Core processors, ensuring responsiveness and battery efficiency. Notably, the partnership will also tackle future innovations, including AI enhancements and seamless multi-device experiences, supported by a global co-marketing campaign.

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Intel's Threat Detection Technology (TDT) enhances Microsoft Defender for Endpoint by integrating CPU-based cryptomining detection capabilities. This expansion aims to bolster security for millions of users by improving endpoint detection and response without affecting performance.

With nearly a billion Intel TDT-capable PCs available, this technology enables advanced detection of threats, including cryptojacking. The collaboration emphasizes Intel's commitment to provide comprehensive security solutions for both SMBs and enterprises, leveraging CPU telemetry and machine learning for increased protection against cyber threats.

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Mobileye and Udelv have partnered to deploy Mobileye Drive™, a self-driving system, in Udelv's next-generation autonomous delivery vehicles, known as Transporters. More than 35,000 units are expected to be produced by 2028, with operations starting in 2023. This collaboration is noted as a significant step towards commercial deployment of self-driving technology, responding to increased demand for autonomous delivery solutions. Donlen has made a landmark pre-order of 1,000 Transporters, emphasizing the potential for cost reductions and improved road safety.

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FAQ

What is the current stock price of Intel (INTC)?

The current stock price of Intel (INTC) is $24.5 as of November 22, 2024.

What is the market cap of Intel (INTC)?

The market cap of Intel (INTC) is approximately 105.7B.

What is Intel Corporation known for?

Intel is known for being one of the world's largest semiconductor chip manufacturers and for developing the x86 series of microprocessors found in most personal computers.

What are Intel's core business areas?

Intel's core business includes designing and manufacturing microprocessors for personal computers and data centers, as well as expanding into communications infrastructure, automotive solutions, and the Internet of Things.

What is Intel's internal foundry model?

The internal foundry model is a strategic shift that separates Intel's manufacturing services into a distinct group, Intel Foundry Services, to streamline financial reporting and improve cost savings and operating margins.

What recent legal challenges has Intel faced?

Intel is currently facing a class action lawsuit related to alleged misleading statements about the financial performance of its internal foundry model.

What innovations is Intel currently focused on?

Intel is focused on innovations in AI, 5G technology, autonomous driving, and leveraging its chip manufacturing capabilities for external clients.

What is Moore's Law?

Moore's Law is the observation that the number of transistors on a microchip doubles approximately every two years, leading to continuous advancements in semiconductor technology.

How does Intel contribute to the automotive industry?

Intel contributes to the automotive industry through its technologies for autonomous driving and advanced driver-assistance systems (ADAS).

What is Intel's role in the Internet of Things (IoT)?

Intel develops microprocessors and other technologies that are essential for IoT applications, facilitating connected devices and smart solutions.

How does Intel plan to grow its business?

Intel plans to grow by expanding into new markets such as communications infrastructure, automotive, and IoT, and by leveraging its chip manufacturing capabilities to serve external clients through its foundry model.

Where is Intel headquartered?

Intel Corporation is headquartered in Santa Clara, California, USA.

Intel Corp

Nasdaq:INTC

INTC Rankings

INTC Stock Data

105.71B
4.31B
0.06%
64.52%
2.45%
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United States of America
SANTA CLARA