Intel Corp Stock Price, News & Analysis

Intel Corporation has appointed David Zinsner as executive vice president and chief financial officer (CFO), effective January 17, 2022. Zinsner brings over 20 years of experience in finance and operations within the semiconductor industry, having previously served as CFO at Micron Technology. He will oversee Intel's global finance organization, reporting to CEO Pat Gelsinger. Zinsner expressed enthusiasm for joining Intel and aims to drive the IDM 2.0 strategy, creating long-term value for shareholders. Current CFO George Davis will retire in May 2022.

Chronos Tech LLC has appointed Ali Farhang as the new CEO, assuming day-to-day leadership and joining the Board of Directors. With over 30 years in the semiconductor industry, Farhang previously served as Corporate Vice President at Micron Technology (NASDAQ: MU) and held senior roles at Intel (NASDAQ: INTC). His experience in leading R&D teams and advising startups positions him to enhance Chronos' commercialization efforts in developing advanced SoC fabric solutions targeting applications in AI and cloud computing.

Mobileye, a subsidiary of Intel (NASDAQ: INTC), has unveiled its powerful computer vision technology integrated with a massive dataset of 200 petabytes. This data, collected over 25 years, enhances training for autonomous vehicles (AVs) by providing rapid results even for rare driving scenarios. Mobileye's advanced approach significantly improves mean time between failures (MTBF) for self-driving systems, allowing for efficient data labeling and processing capable of handling 50 million datasets monthly. This initiative aims to accelerate AV technology development and bring safer autonomous driving solutions to the market.

Mobileye, a subsidiary of Intel, announced new strategic collaborations with Volkswagen Group, Ford, and Zeekr during CES 2022. These partnerships leverage Mobileye’s advanced driver-assistance systems (ADAS) and autonomous vehicle (AV) technology. Volkswagen will implement Mobileye’s crowd-sourced mapping for its Travel Assist 2.5 feature, enhancing safety and comfort. Ford plans to integrate Road Experience Management technology into future vehicles, and Zeekr aims to launch a Level 4 electric self-driving vehicle by 2024, powered by Mobileye Drive.

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.