STOCK TITAN
  1. Home
  2. News
  3. INTC

Intel Corp - INTC STOCK NEWS

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.

News

Tiami Networks Announces Strategic Collaboration to Transform 5G Networks

Rhea-AI Summary
Tiami Networks partners with Intel's Programmable Solutions Group to revolutionize 5G technology, aiming to create the world's largest radar system. Elk Grove leads the way in adopting PolyEdge™ for traffic flow monitoring.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
-
News

Intel Launches World’s First Systems Foundry Designed for the AI Era

Rhea-AI Summary
Intel launches Intel Foundry as a sustainable systems foundry business for the AI era, expanding process roadmap to lead as No. 2 foundry by 2030. Microsoft design win on Intel 18A process highlighted. Ecosystem partners ready to support customer chip designs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
AI
-
News

Intel and Cadence Expand Partnership to Enable Best-in-Class SoC Design on Intel’s Advanced Processes

Rhea-AI Summary
Intel Foundry Services (IFS) and Cadence Design Systems, Inc. (CDNS) have expanded their partnership with a multiyear strategic agreement to develop customized IP, design flows, and techniques for Intel's advanced RibbonFET processes on Intel 18A and beyond. This collaboration aims to accelerate SoC project schedules for demanding AI, HPC, and mobile applications, enhancing Intel's IDM 2.0 strategy and strengthening offerings for IFS customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
partnership
News

Media Alert: Intel to Provide Updates on Foundry Business and Process Roadmap at IFS Direct Connect

Rhea-AI Summary
Intel announces updates on its foundry business and process roadmap at IFS Direct Connect event. Keynote speakers include Intel CEO Pat Gelsinger and plans for transformation in the AI era. Remote appearances by U.S. Secretary of Commerce and Microsoft CEO. Event to feature industry executives and a fireside chat on the future of artificial intelligence.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
Tags
none
-
News

R2 Semiconductor Outlines Next Steps Following Chip IP Victory Over Intel in Germany

Rhea-AI Summary
R2 Semiconductor wins intellectual property victory against Intel in Germany over patent infringement, leading to an injunction on Intel, Dell, HP, and HPE. Intel faces challenges in appealing the decision and validity of the patent, potentially impacting its server business. R2 is prepared to enforce the injunction through 2025 and considers further enforcement steps in Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
none
-
News

Media Alert: Intel at MWC Barcelona 2024

Rhea-AI Summary
Intel showcases AI innovations for network, edge, and enterprise at MWC Barcelona 2024 with over 65 partners. The announcements cover AI network innovations, edge AI platforms, Intel Core Ultra processors, and AI PC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
none
News

Intel Reports Fourth-Quarter and Full-Year 2023 Financial Results

Rhea-AI Summary
Intel Corporation reported fourth-quarter revenue of $15.4 billion, up 10% year-over-year, with full-year revenue at $54.2 billion, down 14% year-over-year. Earnings per share (EPS) for Q4 was $0.63 and non-GAAP EPS was $0.54. Full-year EPS was $0.40 and non-GAAP EPS was $1.05. The company forecasts first-quarter 2024 revenue of $12.2 billion to $13.2 billion, with expected first-quarter EPS of $(0.25) (non-GAAP EPS of $0.13).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.91%
Tags
earnings
-
News

Intel and UMC Announce New Foundry Collaboration

Rhea-AI Summary
Intel Corp. and United Microelectronics Corp. announced a collaboration to develop a 12-nanometer semiconductor process platform targeting high-growth markets. The collaboration aims to bring together Intel's at-scale U.S. manufacturing capacity and UMC's extensive foundry experience to enable an expanded process portfolio. The deal broadens customer access to a geographically diverse semiconductor supply chain and accelerates UMC's development roadmap. Production of the 12 nm process is expected to begin in 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
none
-
News

Mobileye Releases Fourth-Quarter and Full-Year 2023 Results and Provides Business Overview

Rhea-AI Summary
Mobileye Global Inc. (Nasdaq: MBLY) reported a 13% increase in revenue to $637 million in the fourth quarter of 2023, with significant improvements in operating income and adjusted operating income. The company generated net cash from operating activities of $394 million and has a strong balance sheet with $1.2 billion of cash and cash equivalents and zero debt. Mobileye achieved design wins projected to generate future revenue of $7.4 billion across 61 million units in 2023, and saw a very successful year in business development and strategy. The company is focused on executing a meaningful improvement in Q2 revenue and normalization of revenue in the second half of 2024, despite an inventory build-up at its customers impacting growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
earnings
News

Intel Opens Fab 9 in New Mexico

Rhea-AI Summary
Intel celebrates the opening of Fab 9, its cutting-edge factory in Rio Rancho, New Mexico, part of a $3.5 billion investment for advanced semiconductor packaging technologies. The milestone marks Intel's first high-volume semiconductor operations in the US, producing world-class packaging solutions at scale, fueling the next era of innovation in advanced packaging technologies, and contributing to the state's economic growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
none

FAQ

What is the current stock price of Intel (INTC)?

The current stock price of Intel (INTC) is $24.5 as of November 22, 2024.

What is the market cap of Intel (INTC)?

The market cap of Intel (INTC) is approximately 105.7B.

What is Intel Corporation known for?

Intel is known for being one of the world's largest semiconductor chip manufacturers and for developing the x86 series of microprocessors found in most personal computers.

What are Intel's core business areas?

Intel's core business includes designing and manufacturing microprocessors for personal computers and data centers, as well as expanding into communications infrastructure, automotive solutions, and the Internet of Things.

What is Intel's internal foundry model?

The internal foundry model is a strategic shift that separates Intel's manufacturing services into a distinct group, Intel Foundry Services, to streamline financial reporting and improve cost savings and operating margins.

What recent legal challenges has Intel faced?

Intel is currently facing a class action lawsuit related to alleged misleading statements about the financial performance of its internal foundry model.

What innovations is Intel currently focused on?

Intel is focused on innovations in AI, 5G technology, autonomous driving, and leveraging its chip manufacturing capabilities for external clients.

What is Moore's Law?

Moore's Law is the observation that the number of transistors on a microchip doubles approximately every two years, leading to continuous advancements in semiconductor technology.

How does Intel contribute to the automotive industry?

Intel contributes to the automotive industry through its technologies for autonomous driving and advanced driver-assistance systems (ADAS).

What is Intel's role in the Internet of Things (IoT)?

Intel develops microprocessors and other technologies that are essential for IoT applications, facilitating connected devices and smart solutions.

How does Intel plan to grow its business?

Intel plans to grow by expanding into new markets such as communications infrastructure, automotive, and IoT, and by leveraging its chip manufacturing capabilities to serve external clients through its foundry model.

Where is Intel headquartered?

Intel Corporation is headquartered in Santa Clara, California, USA.

Stock INTC logo
Intel Corp

Nasdaq:INTC

INTC Rankings

#123 Ranked by Market Cap
#1349 Ranked by Dividends

INTC Stock Data

105.71B
4.31B
0.06%
64.52%
2.45%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
SANTA CLARA