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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.
Remark Holdings (OTCQX: MARK) announced the successful optimization of its Smart Safety Platform (SSP) for Intel Architecture. The SSP, an AI-powered solution for businesses, offers video analytics, real-time alerts, and scalable integration. The optimization, leveraging OpenVINO, enhances performance on Intel's hardware, including the 4th Gen Xeon scalable processor with Flex 140 GPU.
This optimization results in faster processing times, reduced latency, and increased throughput for AI workloads. The collaboration between Remark AI and Intel, as part of the Intel Partner Alliance, aims to provide efficient and versatile AI solutions across various industries and deployment scenarios.
Intel (INTC) and Amazon Web Services (AWS) have announced a multi-year, multi-billion-dollar collaboration to produce custom chip designs. Intel will manufacture an AI fabric chip on Intel 18A and a custom Xeon 6 chip on Intel 3 for AWS. This expansion of their longstanding partnership aims to accelerate U.S.-based chip manufacturing and create a vibrant AI ecosystem in Ohio.
The collaboration underscores both companies' commitment to domestic semiconductor production. Intel reaffirms its plans for leading-edge manufacturing in New Albany, while AWS plans to invest $7.8 billion to expand its data center operations in Central Ohio. This builds on AWS's existing $10.3 billion investment in Ohio since 2015.
The partnership is expected to drive innovation, support business growth, and contribute to a sustainable domestic AI supply chain. Both companies will explore potential for further designs on Intel's advanced process nodes, including those to be produced in Intel's Ohio facilities.
Intel has been awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. This initiative aims to expand trusted manufacturing of leading-edge semiconductors for the U.S. government, building on previous collaborations with the Department of Defense (DoD). As the only American company designing and manufacturing leading-edge logic chips, Intel will help secure the domestic chip supply chain and enhance U.S. technological resilience.
The award is separate from Intel's proposed funding agreement in March 2023 for semiconductor facility construction. Intel Foundry is advancing its Intel 18A technology, set for production in 2025. The company has made significant progress in DoD projects like SHIP and RAMP-C, delivering multi-chip package prototypes and onboarding defense industrial base customers including Boeing, Northrop Grumman, and Microsoft.
Mobileye (MBLY) has decided to end internal development of next-generation FMCW lidar for autonomous and highly automated driving systems. This decision is based on advancements in EyeQ6-based computer vision perception, improved imaging radar performance, and cost reductions in third-party time-of-flight lidar units. The company emphasizes that this change does not impact any customer product programs or general product development.
The lidar R&D unit will be wound down by the end of 2024, affecting about 100 employees. Operating expenses for this unit are expected to total approximately $60 million in 2024. While not materially impacting 2024 results, this action will reduce future lidar development spending. Mobileye continues to prioritize imaging radar development, which is meeting performance specifications and is expected to enter production next year.
Intel has launched its most efficient x86 processors ever, the Intel® Core™ Ultra 200V series. These processors offer exceptional AI performance, compatibility, and power efficiency for leading laptop manufacturers. Key features include:
- Up to 50% lower package power and 120 total platform TOPS
- 4x more powerful fourth-generation NPU
- 30% average performance uplift in graphics with new Xe2 microarchitecture
- Up to 3x performance per thread and 80% peak performance uplift
- 20 hours of battery life in productivity use cases
The processors will power over 80 consumer designs from 20+ top manufacturers, available globally starting September 24. They support various AI-accelerated features for content creation, security, productivity, and gaming.
Karma Automotive, California's first and only ultra-luxury automaker, made three significant announcements at Monterey Car Week:
- Global premiere of the Karma Ivara 'GT-UV' Design Study
- Global premiere of the Karma Kaveya super coupe with production-ready interior
- Announcement of a bilateral collaboration with Intel Automotive (INTC)
The Karma Kaveya, due in 2026, will be the first production vehicle built on Software-Defined Vehicle Architecture (SDVA), co-developed with Intel. Karma will return to the market in Q4 2024 with the 3rd Generation Karma Revero, offering 150 examples priced from below $150,000. The company aims to benchmark American ultra-luxury vehicles and adapt powertrains quickly to market demands.
Intel has issued a warning to its stockholders regarding an unsolicited 'mini-tender offer' by Tutanota The offer aims to purchase up to 1 million shares of Intel common stock at $34 per share, which is likely to be below market price. Intel strongly recommends that stockholders reject this offer, citing several concerns:
1. The offer is subject to numerous conditions, including Tutanota obtaining financing.
2. There's no guarantee that the conditions will be satisfied.
3. The offer is not subject to many SEC disclosure and procedural requirements.
4. Tutanota has a history of making similar unsolicited mini-tender offers.
Intel emphasizes that it is not affiliated with Tutanota or this offer in any way. The company advises stockholders to exercise caution, obtain current market quotations, and consult with their brokers or financial advisers before making any decisions.
Karma Automotive, California's ultra-luxury automaker, has announced a bilateral collaboration with Intel Automotive to co-develop Software Defined Vehicle Architecture (SDVA). This partnership aims to pioneer new technologies for the automotive industry, focusing on reducing costs and increasing efficiency. The collaboration will underpin Karma's upcoming vehicles, including the Karma Kaveya super coupe, set to launch in 2026.
SDVA represents a significant shift from traditional vehicle architecture, moving towards a centralized computing system that allows for flexible workload management and improved energy efficiency. This approach is expected to revolutionize the automotive industry, similar to how the IT industry transitioned to high-performance computing systems.
Intel has announced its executives' participation in upcoming investor events. CEO Pat Gelsinger will discuss Intel's business and corporate strategy at Deutsche Bank's 2024 Technology Conference on August 29 at 8 a.m. PDT. CFO David Zinsner will address Intel's business and financial strategy at the Citi Global Technology Conference on September 4 at 11:10 a.m. PDT.
Both events will be accessible via live webcasts and replays on Intel's Investor Relations website at intc.com. The company notes that participation, speakers, and schedules are subject to change.
Mobileye Global Inc. (Nasdaq: MBLY) has announced its participation in three major investor conferences in the third quarter of 2024. These include the Canaccord Genuity 44th Annual Growth Conference (August 13-15), the Goldman Sachs Communacopia + Technology Conference (September 9-12), and the Evercore ISI ADAS, AV & AI Forum (September 24).
Mobileye plans to webcast its 'fireside chats' when possible. The company is confirmed to speak at the Canaccord Genuity conference on Wednesday, August 14, at 11:30am ET. A replay will be available for 90 days. Presentation times and webcast links for subsequent events will be posted later. For the most current information on Mobileye's investor conference appearances, visit the 'Events & Presentation' section of their investor relations site at https://ir.mobileye.com/.
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