Intel Corp Stock Price, News & Analysis

Mobileye, an Intel company, has launched a new 6-passenger electric autonomous vehicle (AV) set for commercial driverless ride-hailing services in Tel Aviv and Munich from 2022. This vehicle is equipped with the Mobileye Drive™ self-driving system and features cutting-edge technology, including 8 EyeQ™5 SoCs. The MoovitAV service aims to enhance mobility solutions, with an emphasis on safety and scalability. Mobileye is collaborating with SIXT Group for operations, which will also include partnerships for developing autonomous shuttles and delivery systems.

Intel and SIXT announced a collaboration to launch a driverless robotaxi service in Munich starting in 2022. The service will utilize Mobileye's autonomous vehicle technology and will be accessible through the Moovit and SIXT apps. This initiative aims to expand across Germany and Europe later in the decade, aiming to leverage the recently enacted autonomous vehicle law in Germany. The partnership marks a significant step in the mobility sector, combining Intel's technology with SIXT's operational expertise.

Intel has announced a bold plan to ramp up chip production, focusing on the automotive industry, as CEO Pat Gelsinger predicts that semiconductors will make up over 20% of premium vehicle costs by 2030, a significant increase from 4% in 2019. The company's total addressable market for automotive silicon is expected to exceed $115 billion by decade's end. To meet this demand, Intel will establish new facilities in Europe and enhance its foundry services alongside its subsidiary, Mobileye, which aims to launch an autonomous robotaxi service in Germany.

Leidos is utilizing blockchain technology powered by Intel to enhance the CDC's MicrobeTrace Next platform for contact tracing, addressing COVID-19 challenges.

This initiative is part of Intel’s Pandemic Response Technology Initiative, which funds projects aiming to combat the pandemic through technological innovations.

By enabling secure data sharing and mobile data entry, the platform improves public health responses and protects sensitive information via ransomware-resistant blockchain security.

Intel Corporation appointed Bruce H. Andrews as corporate vice president and chief government affairs officer, effective September 7. Andrews will lead global government affairs, focusing on policy matters crucial to Intel's operations. His extensive experience includes roles at SoftBank Group and the U.S. Department of Commerce. CEO Pat Gelsinger emphasized that Andrews' expertise in public policy is vital for navigating today's complex political landscape and addressing the global demand for semiconductors.

Intel Awarded DOD Contract: The U.S. Department of Defense has awarded Intel a contract under the S2MARTS OTA for commercial foundry services as part of the RAMP-C program. This initiative aims to utilize a U.S.-based semiconductor foundry ecosystem for developing advanced integrated circuits crucial for defense systems. Intel Foundry Services will spearhead this project, collaborating with industry leaders like IBM and Cadence. The aim is to bolster domestic semiconductor manufacturing, ensuring DOD access to cutting-edge technologies and enhancing U.S. leadership in semiconductor R&D.

Intel Corporation unveiled significant architectural advancements at the Architecture Day 2021, showcasing its new Alder Lake hybrid architecture, which includes efficient and performance cores, and the Sapphire Rapids data center architecture. The company introduced improvements like a 40% boost in single-threaded performance and nearly 8x acceleration for AI tasks with its new Performance-core. These developments signal Intel's strategy to meet the burgeoning demand for computational power, with products shipping soon, aimed at enhancing performance across a range of applications.

Intel hosted Architecture Day, revealing new architectures including Alder Lake and upcoming graphics products like Intel® Arc™ and Ponte Vecchio. The company is utilizing external foundries, particularly TSMC, for up to 20% of its volume, marking a shift in its IDM 2.0 strategy. This strategy aims to leverage partnerships to meet growing PC demand and enhance flexibility in manufacturing. The modular approach will enable Intel to use different silicon process nodes, improving responsiveness and supply assurance for various customer needs.

Intel has appointed Christy Pambianchi as the executive vice president and chief people officer, effective September 7. She will lead the Human Resources organization, focusing on attracting and retaining talent to enhance Intel's transformation. Reporting to CEO Pat Gelsinger, Pambianchi has a strong background from her previous roles at Verizon and Corning. Her expertise is expected to foster Intel's vibrant culture and support a secure, resilient supply chain as the semiconductor industry evolves.