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 (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 announced exciting collaborations demonstrating its commitment to making AI accessible and fostering innovation. Key highlights include:
1. Partnership with the International Olympic Committee (IOC) to develop Athlete365, a chatbot powered by Intel Gaudi accelerators and Xeon processors, to assist athletes during the Olympic Games in Paris.
2. Introduction of an industry-driven generative AI (GenAI) retrieval-augmented generation (RAG) solution, designed to tackle challenges in deploying GenAI solutions.
3. Collaboration with industry partners to create an open-source, interoperable solution for easy RAG deployment, built on the Open Platform for Enterprise AI (OPEA) foundation.
4. Joining the Coalition for Secure AI (CoSAI) to enhance trust and security in AI development and deployment.
Intel has launched its first U.S. registered apprenticeship program for manufacturing facility technicians in Arizona. The program, developed in collaboration with various organizations, aims to train facility technician apprentices over the next five years. Apprentices will be full-time Intel employees from day one, earning a certificate and college credit upon completion of the one-year program.
This initiative addresses the growing demand for skilled semiconductor technicians, as the industry is expected to add nearly 115,000 jobs by 2030, with 58% at risk of remaining unfilled. The program combines classroom instruction and on-the-job training, focusing on core competencies such as mechanical systems, electronics, chemical handling, and critical thinking skills.
Mobileye Global, a company specializing in advanced driver-assistance systems, announced it will release its financial results for Q2 2024 on August 1, 2024, before the market opens. Following the release, a conference call will be held at 8:00am ET to discuss the results and provide a business update. The call will be led by CEO Professor Amnon Shashua, CFO Moran Shemesh Rojansky, EVP of Business Development and Strategy Nimrod Nehushtan, and CCO Dan Galves. The event will be webcast live on Mobileye’s investor relations website, with a replay available shortly after.
Intel has announced that it will report its second-quarter 2024 financial results on Thursday, August 1, 2024, immediately after the market close. Following the report, Intel will conduct an earnings conference call at 2 p.m. PDT on the same day to discuss the results. Investors and the public can access a live webcast of the earnings call through Intel's Investor Relations website at intc.com. Additionally, related materials and a webcast replay will be available on the site.
Volkswagen Group has awarded Mobileye (Nasdaq: MBLY) the prestigious Volkswagen Group Award for Digitalization for 2024. This accolade was presented during a special event in Wolfsburg on July 2. The award recognizes Mobileye's contributions to innovative digital solutions, with a focus on enhancing Volkswagen's product portfolio and customer experience. The recognition underscores a long-standing partnership between Mobileye and Volkswagen, highlighted by the integration of Mobileye's advanced driver-assistance and autonomous driving technologies across multiple continents. Mobileye's technologies, including REM™ crowdsourced mapping and True Redundancy™ sensing, have been adopted in approximately 170 million vehicles worldwide. The award signifies Mobileye's continued influence in intelligent driving and road safety.
Intel has announced a breakthrough in integrated photonics technology by demonstrating the first-ever fully integrated optical compute interconnect (OCI) chiplet at OFC 2024. The OCI chiplet, co-packaged with an Intel CPU, significantly enhances high-bandwidth data transmission, important for AI infrastructure and high-performance computing (HPC). It supports 64 channels of 32 Gbps data transmission on up to 100 meters of fiber optics, addressing AI's growing demands for higher bandwidth, lower power consumption, and longer reach. Leveraging Intel's silicon photonics technology, the chiplet integrates with CPUs, GPUs, IPUs, and other SoCs, offering superior energy efficiency at 5 pico-Joules per bit. This innovation is expected to revolutionize AI infrastructure by enabling future scalability of CPU/GPU cluster connectivity, coherent memory expansion, and resource disaggregation.
Mobileye Global (Nasdaq: MBLY) announced the appointment of Elaine L. Chao to its Board of Directors as an independent director, effective June 7, 2024. Chao, a former U.S. Secretary of Transportation and Labor, brings extensive experience in technology, transportation, and business transformation. Her background includes roles in public, private, and nonprofit sectors, with two Cabinet positions confirmed by the U.S. Senate. She has served on several public company boards and holds degrees from Harvard and Mount Holyoke. Mobileye's CEO, Prof. Amnon Shashua, expressed confidence in Chao's positive impact on the company's mission to advance road safety through technology.
Mobileye, a leader in autonomous driving and driver-assistance technologies, has equipped about 170 million vehicles globally. The company, an independent entity from Intel since 2022, focuses on AI, computer vision, mapping, and integrated hardware/software, offering solutions from ADAS to autonomous vehicles.
Intel and Apollo have entered into a $11 billion joint venture for Intel's Fab 34 in Ireland. Apollo will acquire a 49% equity stake, while Intel retains 51% control. This is Intel's second SCIP arrangement, enhancing financial flexibility and supporting global manufacturing strategy. Fab 34, a state-of-the-art facility, began manufacturing processors in September 2023. The deal, expected to close by Q2 2024, allows Intel to redeploy capital and maintain its credit rating. Intel will continue to manage Fab 34 and fulfill wafer production commitments for itself and foundry customers.
At Computex 2024, Intel unveiled advancements in AI technology, including the Intel Xeon 6 processors and Intel Gaudi AI accelerators. The Xeon 6 processors, equipped with Efficient-cores (E-cores), offer enhanced performance and power efficiency, enabling 3:1 rack consolidation and performance gains of up to 4.2 times. The Gaudi AI accelerators provide high performance at lower costs, with Gaudi 2 and Gaudi 3 kits priced at $65,000 and $125,000, respectively. Additionally, the Lunar Lake architecture aims to revolutionize AI PCs with up to 40% lower system-on-chip power and 3 times the AI compute capacity. Intel's innovations span the data center, cloud, edge, and PC markets, emphasizing cost-effectiveness and performance.
Mobileye Global (Nasdaq: MBLY) has announced its participation in two significant conferences: the UBS Auto and Auto Tech Conference on June 5, 2024, and Deutsche Bank's Global Auto Industry Conference on June 11, 2024.
The company will webcast its “fireside chat” at the Deutsche Bank event, scheduled for 1:55 PM ET. Interested parties can register for the webcast and access the replay on Mobileye's investor relations site. Replays will be available for 90 days.
Event dates and participation are subject to change, and additional events will be announced later. For the latest updates, visit Mobileye's IR site.
