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.
Mobileye, a leader in autonomous vehicle technology, has partnered with Transdev Autonomous Transport System and Lohr Group to develop autonomous shuttles. They will integrate Mobileye's self-driving system into Lohr Group's i-Cristal electric shuttle, aiming to enhance public transportation services globally, starting in Europe. The collaboration seeks to deploy self-driving shuttles in public networks by 2023, improving transportation efficiency and customer experience with advanced AV technology.
Intel has announced a $5 million donation to North Carolina Central University (NCCU) over the next five years to establish a new tech law and policy center. This initiative aims to enhance diversity in legal professions by providing resources, mentorship, and internships to students and faculty. Notably, this partnership addresses systemic inequities in legal fields, with Intel pledging to support the recruitment of faculty and scholarships for underprivileged students. This commitment reflects Intel's broader goals of fostering social equity and diversity within the tech and legal sectors.
Portland General Electric (NYSE: POR) announced that Intel (NASDAQ: INTC) has joined its Green Future Impact program, securing a 15-year agreement with Avangrid Renewables (NYSE: AGR) for a new 138-megawatt solar facility in Wasco County, Oregon. This facility, dubbed Daybreak Solar, will support Intel's energy needs and create 150-200 jobs during peak construction. The project will produce power for over 32,000 homes and generate about $30 million in economic benefits. Intel's participation fills the program's original 300-megawatt capacity, demonstrating a significant commitment to renewable energy.
Intel Corporation has appointed Sunil Shenoy as senior vice president and general manager of its Design Engineering Group, effective February 1, 2021. Shenoy, a 33-year veteran who previously left Intel in 2014, returns to lead the design and manufacturing of system-on-chips for client and data center applications. He will report to CEO Bob Swan until February 15, after which he will report to incoming CEO Pat Gelsinger. Shenoy has extensive experience in microprocessor design, holds an MBA, and has 16 patents in technology.
Moovit, an Intel Company and leading MaaS solutions provider, has launched its 2020 Global Public Transport Report, analyzing data from tens of millions of trip requests in 104 cities across 28 countries. The report highlights the impact of COVID-19 on public transit usage and explores riders' preferences for safe transit options. Notably, Mobileye, Moovit's sister company, plans to leverage this data for future robotaxi services. Key metrics include commute times, user feedback, and mobile payment demand, revealing that many riders seek convenient and safe transportation options.
Intel announced the appointment of Pat Gelsinger as its new chief executive officer, effective Feb. 15, 2021. Gelsinger, a veteran with 40 years in technology and a former Intel employee, succeeds Bob Swan, who will remain CEO until the transition. The board believes Gelsinger’s expertise is vital for Intel’s transformation. Importantly, this change is not related to Intel's 2020 financial performance, as the company expects its Q4 2020 revenue and EPS to surpass earlier guidance. An update on 7nm process technology is anticipated during the Jan. 21 earnings report.
Intel showcased its advancements at CES 2021, emphasizing leadership in technology and product offerings across various platforms. The company introduced the 11th Gen Intel Core vPro processors, highlighting their performance and security features aimed at business, education, and gaming sectors. New processors include the N-series Intel Pentium Silver for education and the H-series mobile processors for gaming. Intel's commitment to enhance user experience is evident with partnerships for education and upcoming Alder Lake technology. The press release underscores Intel's ongoing investment and innovation in computing.
Mobileye, an Intel company, unveiled its strategy for autonomous vehicles (AVs) during CES 2021. CEO Amnon Shashua outlined Mobileye’s plan to lead the AV industry by combining advanced sensing technologies, including Road Experience Management (REM) mapping and True Redundancy safety systems. The new silicon photonics lidar SoC is set for 2025, promising enhanced detection capabilities. Mobileye’s crowdsourced mapping technology tracks nearly 8 million kilometers daily, establishing it as a formidable player in global AV deployment. The emphasis on affordability and scalability is key to their strategy.
Intel Corporation is open to suggestions from investors to enhance shareholder value. The company expresses interest in engaging with Third Point LLC regarding their proposals aimed at achieving this objective. Intel, traded under the symbol INTC, is a leader in technology innovation, focused on advancing semiconductor design and manufacturing to meet global challenges. For more insights into their operations and innovations, visit newsroom.intel.com.
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