Intel Corp - INTC STOCK NEWS

Intel hosted its first virtual COMPUTEX keynote led by Executive Vice President Michelle Johnston Holthaus, highlighting strategies from new CEO Pat Gelsinger aimed at driving innovation during a time of accelerated digital transformation. Key speakers Steve Long and Lisa Spelman discussed how Intel's advancements in client computing and Xeon technologies contribute to expanding human potential through collaboration across various sectors, including AI and cloud computing. The keynotes took place on May 31 and June 2, 2021, with livestreams available for viewing.

Intel's upcoming virtual event, the Edge of Wonderful, will showcase its pivotal role in the evolution of 5G technology and the intelligent edge, highlighting new opportunities in artificial intelligence. Key speakers include Dan Rodriguez, who will discuss the impact on industries, and Pat Gelsinger, emphasizing the digital economy. The event will feature collaborations with leading service providers to explore the four technology superpowers: cloud, 5G connectivity, AI, and the intelligent edge.

Lee’s Famous Recipe Chicken Restaurant is implementing a new conversational AI solution from Hi Auto to enhance drive-thru service by reducing wait times and increasing order accuracy. This AI technology greets customers, answers menu queries, and processes orders efficiently, leading to improved sales and customer satisfaction. With drive-thru orders rising by 22% and wait times increasing by almost 30 seconds, the AI system allows employees to focus on customer interactions, thus enhancing overall service quality.

Intel will host two keynote sessions at COMPUTEX 2021, featuring insights from its leadership team. Executive Vice President Michelle Johnston Holthaus and colleagues will discuss the company's strategies under new CEO Pat Gelsinger, focusing on driving innovation to meet global challenges. The sessions are scheduled for May 31 and June 2, 2021, and will cover topics ranging from AI to high-performance computing. Attendees can watch the livestreams to understand how Intel aims to expand technology's potential.

ZF and Mobileye, an Intel company, have been selected by Toyota Motor Corp. to develop advanced driver-assistance systems (ADAS) across multiple vehicle platforms. This partnership marks the integration of ZF's Gen 21 mid-range radar and mobileye technology for enhanced vehicle safety. The collaboration aims to deliver effective collision prevention and advanced vehicle control, meeting global safety standards. The EyeQ4 technology will significantly boost Toyota's capabilities in automated driving.

Intel CEO Pat Gelsinger emphasizes the company's commitment to corporate responsibility in the 2020-2021 report. Highlighting the role of technology in addressing global challenges, Intel made significant strides toward its 2030 goals, achieving an increase in renewable energy use from 71% to 82% and conserving 7.1 billion gallons of water. The Alliance for Global Inclusion was launched to enhance diversity metrics, and over 230 projects were initiated to support pandemic responses. The focus remains on diversity, climate, and global impact through responsible technology deployment.

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.