#intel

Financial Performance: Intel reported third-quarter 2024 revenue of $13.3 billion, representing a 6% decline compared to the same period last year. The company posted a significant GAAP loss per share of $(3.88), heavily influenced by impairment and restructuring charges totaling $18.7 billion...

Intel is poised to report its most substantial quarterly revenue drop in five quarters, with Wall Street analysts projecting an 8% decline to approximately $13.02 billion. This anticipated downturn underscores the ongoing difficulties the iconic chipmaker faces in recapturing its market share...

Horizon Robotics, a leading Chinese company in the autonomous driving sector, is aiming to raise up to $696 million (HK$5.4 billion) through an initial public offering (IPO) on the Hong Kong stock exchange. This would make it one of the largest public offerings in the city this year. Horizon...

Intel Corporation (NASDAQ: INTC) is currently in the spotlight as it navigates acquisition rumors concerning Qualcomm while securing a substantial multi-billion dollar deal with Amazon Web Services (AWS) to provide custom Xeon chips. This strategic move highlights Intel's commitment to remaining...

Intel is navigating one of the most consequential weeks in its 56-year history, marked by profound challenges and strategic opportunities. As the chip giant grapples with plummeting sales and an escalating battle for dominance in the AI landscape, CEO Pat Gelsinger’s aggressive turnaround plan...

Intel (INTC) announced the launch of two cutting-edge artificial intelligence chips, the Xeon 6 CPU and Gaudi 3 AI accelerator, marking a strategic move to strengthen its data center business and regain market share from rivals AMD and Nvidia. These chips aim to deliver enhanced performance and...

Apollo Global Management is reportedly preparing to make a significant multibillion-dollar investment in Intel Corp., signaling strong confidence in the chipmaker’s turnaround strategy under CEO Pat Gelsinger. The proposed equity-like investment, which could reach as much as $5 billion, is still...

Qualcomm has entered early discussions with Intel to explore a potential acquisition, marking a significant shift in the semiconductor industry. Reports from Reuters suggest that these discussions, led by Qualcomm’s CEO Cristiano Amon, are still in the preliminary stages, with no formal offer...

Intel has announced plans to spin off its foundry business into an independent subsidiary, retaining leadership but gaining an operating board with independent directors. As part of cost-cutting efforts, Intel will pause its chip projects in Poland and Germany for two years and reevaluate its...

Intel is poised to receive up to $3.5 billion in federal grants under a strategic agreement with the U.S. government to manufacture cutting-edge semiconductors for military and intelligence applications. The deal is part of the Pentagon's "Secure Enclave" program, which focuses on developing...

Intel has launched its second-generation Core Ultra 200V processors, designed to strengthen its position in the increasingly competitive laptop market against rivals Qualcomm and AMD. These new chips, which are part of Intel's broader strategy to regain market dominance, boast significant...

Intel Corporation (INTC), a long-standing member of the Dow Jones Industrial Average since 1999, is facing the possibility of being removed from the index due to a significant decline in its share price. Intel's stock has dropped nearly 60% this year, making it the worst performer on the Dow...

Intel (INTC) shares fell 6.1% on Thursday due to concerns over delays in the construction of two new semiconductor fabrication plants in Magdeburg, Germany. Originally scheduled to begin operations by 2027, the project's timeline is now uncertain, sparking investor worries. These concerns come...

Intel Corporation is embroiled in a class-action lawsuit filed by shareholders after the company's stock suffered a dramatic 26% decline, wiping out over $32 billion in market value. The lawsuit, filed in the U.S. District Court for Northern California, accuses Intel, along with its CEO...

Intel (INTC.O) announced of its decision to cut over 15% of its workforce, equivalent to 17,500 employees, and suspend its dividend starting in Q4 2024. This move is part of Intel's strategy to revitalize its struggling manufacturing segment. Key Points: Workforce Reduction: The job cuts aim...

Revenue: $12.83 billion, down 0.9% year-over-year, missing the Zacks Consensus Estimate of $12.92 billion by 0.70%. EPS: $0.02, compared to $0.13 in the same quarter last year, missing the consensus estimate of $0.10 by 80%. Key Metrics: Total Intel Products Group Revenue: $11.80 billion vs...

Intel Corp. plans to cut thousands of jobs as part of a strategy to reduce costs and fund its efforts to recover from a recent earnings slump and market share losses. The reduction in workforce might be announced as early as this week. Intel, which has approximately 110,000 employees (excluding...