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Intel Corporation (INTC), the global leader in semiconductor innovation, maintains this dedicated news hub for investors and technology professionals. Access official press releases, financial announcements, and strategic updates directly from the company driving computing advancements worldwide.
This comprehensive resource aggregates Intel's latest developments across key operational areas including processor innovations, manufacturing expansions, and strategic partnerships. Users will find verified information on quarterly earnings, product launches, and technology breakthroughs - all essential for understanding the company's market position.
The curated collection includes updates on data center solutions, AI chip development, foundry services expansion, and sustainability initiatives. Bookmark this page to monitor Intel's progress in advancing semiconductor technology while maintaining awareness of industry-shaping developments.
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/.
Intel (INTC) reported disappointing Q2 2024 results with revenue of $12.8 billion, down 1% YoY. The company announced a $10 billion cost reduction plan, including a 15% headcount reduction and suspension of dividends starting Q4 2024. Key highlights:
- Q2 GAAP EPS: $(0.38); non-GAAP EPS: $0.02
- Q3 2024 forecast: Revenue $12.5-13.5 billion; GAAP EPS $(0.24); non-GAAP EPS $(0.03)
- Reducing non-GAAP R&D and MG&A to ~$20 billion in 2024 and ~$17.5 billion in 2025
- Cutting 2024 gross capital expenditures by over 20% to $25-27 billion
- Achieved milestones on Intel 18A with 1.0 PDK release and key power-on of first products
Intel aims to improve profitability and strengthen its balance sheet while investing in technology leadership.
Zeekr and Mobileye have announced plans to accelerate technology collaboration in China and expand globally. The partnership aims to integrate Mobileye technologies into next-generation Zeekr models and enhance driving safety and automation. Key points include:
1. Over 240,000 Zeekr vehicles with Mobileye SuperVision™ platform delivered since 2021.
2. Accelerating scaling and delivery of core technologies for SuperVision platform.
3. Expanding collaboration to include next-generation products from Level 2+ to Level 4 automation.
4. Zeekr to expand SuperVision platform installation on additional vehicles.
5. Highway Navigation Zeekr Pilot (NZP) active in over 150 cities across China.
This collaboration aims to strengthen Mobileye's localization efforts in China while making advanced technologies available to other customers in the region.
Mobileye Global Inc. (MBLY) released Q2 2024 results, showing a 3% year-over-year revenue decrease to $439 million. However, revenue increased 84% from Q1 2024 due to reduced excess inventory consumption. The company reported a 110% increase in systems shipped compared to Q1 2024, leading to improved Operating Loss and Adjusted Operating Profit. Diluted EPS (GAAP) was $(0.11), while Adjusted Diluted EPS (Non-GAAP) was $0.09. Mobileye reduced expectations for H2 2024 volume and revenue, primarily due to China-related macro factors. The company remains optimistic about medium-term growth, citing progress in SuperVision/Chauffeur programs and an expanded relationship with Zeekr and Geely Group. Mobileye also noted emerging traction for high-ASP products in mid-priced, high-volume segments.
Intel has appointed Dr. Naga Chandrasekaran as chief global operations officer, executive vice president and general manager of Intel Foundry Manufacturing and Supply Chain organization. He succeeds Keyvan Esfarjani, who is retiring after nearly 30 years with the company. Chandrasekaran, joining from Micron where he was senior vice president for Technology Development, will be responsible for Intel Foundry's worldwide manufacturing operations, including Fab Sort Manufacturing, Assembly Test Manufacturing, strategic planning, corporate quality assurance, and supply chain.
Chandrasekaran brings over 20 years of experience in semiconductor manufacturing and R&D from Micron. He will work closely with other Intel Foundry leaders to achieve Intel's goal of creating the first systems foundry for the AI era. This appointment is part of Intel's strategy to build a globally resilient semiconductor supply chain and capitalize on long-term growth opportunities in the AI-driven computing market.
