Intel Corp - INTC STOCK NEWS

Intel Corporation announced the election of Andrea Goldsmith to its board of directors, effective September 1, 2021. Goldsmith is the dean of engineering at Princeton University and has over two decades of experience at Stanford. She has co-founded two technology companies and serves on the boards of Medtronic and Crown Castle. Her expertise in wireless communications, particularly 5G technology, is expected to bring valuable insights to Intel. This addition increases board diversity, with 40% women and 30% racially or ethnically diverse members.

Intel has declared a quarterly dividend of $0.3475 per share, amounting to $1.39 annually. This dividend is set to be paid on September 1, 2021, to shareholders who are on record by August 7, 2021. The announcement highlights Intel's commitment to rewarding its investors while continuing to innovate in semiconductor technology. As a major player in the industry, Intel aims to advance the design and manufacturing of semiconductors to tackle global challenges and drive progress.

Intel is enhancing its IDM 2.0 strategy with new semiconductor process and packaging innovations. A webcast led by CEO Pat Gelsinger and Dr. Ann Kelleher will be held at 2 p.m. PDT on July 26, providing insights into these advancements. Participants can view the event live on the Intel Newsroom, with a replay available afterward. This initiative aims to accelerate Intel's innovation cycle and strengthen its position as a technology leader.

At the 2021 International Supercomputing Conference, Intel showcases its advances in high-performance computing (HPC), highlighting the 3rd Gen Xeon processors that deliver up to 53% higher performance across HPC workloads. Intel's partners include Dell Technologies and HPE, and significant gains in AI and memory capabilities are noted with the upcoming Sapphire Rapids processors featuring integrated High Bandwidth Memory. The X^e-HPC GPU (Ponte Vecchio) is also introduced, aiming to enhance HPC and AI workloads. Additionally, Intel announces commercial support for DAOS, optimizing data exchange across HPC architectures.

Parallel Wireless has been chosen by Axiata Group as a strategic partner to implement O-RAN networks for digital telcos in Southeast and South Asia, enhancing both 2G and 4G broadband connectivity. The trial involved replacing existing infrastructure with Open RAN solutions during Covid-19 restrictions, successfully demonstrating quality network performance. Axiata aims for commercial deployment by Q4 2021. This collaboration will utilize a cloud-native architecture and improve service agility while lowering costs for Axiata's operations.

Intel and Microsoft have enhanced their partnership to deliver a reimagined computing experience with Windows 11. The collaboration targets over 75% of Windows PCs, powered by Intel processors. Innovations include Intel Bridge Technology that enhances mobile app compatibility on PCs, ensuring optimal performance and user experiences. Intel has pre-verified over 80 Windows-based Intel Evo platforms from major manufacturers, aiming for a broad range of computing experiences for users.

Intel has announced significant changes to its executive leadership team, with two new technology leaders joining and existing executives taking on new roles. Sandra Rivera becomes executive vice president and general manager of Datacenter and AI, while Nick McKeown will lead the newly formed Network and Edge Group. Greg Lavender joins as CTO and heads the Software and Advanced Technology Group, and Raja Koduri will lead the Accelerated Computing Systems and Graphics Group. These moves aim to accelerate innovation and focus on key growth areas.

Intel recently showcased its advancements at the MWC 2021 virtual event, introducing the Intel Network Platform and emphasizing its leadership in 5G and edge deployments. Nearly all commercial vRAN setups utilize Intel's technology, with expectations for global deployments to scale significantly in the coming years. Intel aims to capitalize on a projected $65 billion edge silicon market by 2025, with existing technology already present in over 35,000 customer implementations. Collaborations with major operators like Reliance Jio, Deutsche Telekom, and DISH Wireless underscore its pivotal role in network transformation.

Intel's recent opinion editorial highlights the significant role of 5G technology in driving innovation and transforming communications networks. With 78% of IT decision-makers recognizing the importance of 5G, Intel has positioned itself as a leader by growing its network business from $5 billion to $6 billion from 2019 to 2020. The company emphasizes the evolution towards virtualized radio access networks (vRAN) and edge computing, projecting massive growth in global vRAN deployments. Intel aims to harness these advancements to enable improved connectivity and automation for various industries.