Intel Corp Stock Price, News & Analysis

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.