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.
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.
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.
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.
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.
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.
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.
Intel has successfully launched its Pandemic Response Technology Initiative (PRTI) with a commitment of $50 million, focusing on healthcare, education, and economic recovery amid COVID-19. Over the past year, the PRTI has managed 230 projects across 170 organizations, showcasing a global impact. Intel is now transitioning to the Intel RISE Technology Initiative (IRTI) with an additional $20 million dedicated to furthering projects addressing social equity, human rights, and climate action. These initiatives are designed to enhance technological collaboration for both immediate and future crises.
On April 6, Intel will launch the new 3rd Gen Intel Xeon Scalable processors (code-named 'Ice Lake'), along with updates to its hardware and software aimed at data centers, 5G networks, and intelligent edge infrastructure. The virtual event, titled 'How Wonderful Gets Done 2021', will feature key Intel executives, including CEO Pat Gelsinger. This launch emphasizes Intel's commitment to innovation in technology and responding to evolving business needs.
Intel has announced the winners of its 2020 Supplier Continuous Quality Improvement (SCQI) Program Awards, recognizing suppliers for excellence in quality and innovation. The awards include three categories: SCQI Award for top overall performance, Preferred Quality Supplier Award for consistent high performance, and Supplier Achievement Award for notable improvements. Notably, a new category for COVID-19 response was introduced, acknowledging suppliers' efforts during the pandemic. Intel's CEO and chief supply chain officer praised the awardees for their commitment to excellence amidst challenges.
Intel's SigOpt has been recognized as a leader in AI software acceleration by Kisaco Research. The report highlights the platform's efficiency in optimizing AI workloads for better hardware utilization, resulting in significant productivity gains. Notably, a Fortune 500 client reported over 30% productivity increase and projected annual value near $50 million. SigOpt's user-friendly, hardware-agnostic platform enhances model development for data scientists and engineers, promoting enhanced AI results.
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