News about Silicon Valley business almost everyday.
SANTA CLARA & BOCA RATON, FL — Intel Corp. is partnering with investment firm DigitalBridge Group to form Articul8 AI, an independent company offering enterprise customers a full-stack, vertically-optimized and secure generative artificial intelligence (GenAI) software platform. The platform delivers AI capabilities that keep customer data, training and inference within the enterprise security perimeter. The […]
Chip maker Intel reported a surprisingly steep decline in second-quarter revenue of $15.3 billion, down 22% from the previous year. Intel’s Client Computing and Datacenter and AI Groups were largely impacted by continued adverse market conditions; Network and Edge Group and Mobileye achieved record quarterly revenue. The company reported a net loss of $454 million […]
SANTA CLARA – Intel announced plans to invest as much as 80 billion euros in the European Union over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to state-of-the art packaging technologies. [Photo above: Rendering of a new Intel chip plant to be built in Germany […]
SANTA CLARA and MIGDAL HAEMEK, Israel – Intel Corporation is buying Israeli-based Tower Semiconductor, a leading foundry for analog semiconductor solutions, for $53 per share in cash or about $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented […]
Chip making giant Intel has announced plans to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers. To […]
SANTA CLARA — With a booming market for technology stocks and IPOs, Intel plans to take its Mobileye division public in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on […]
Intel has broken ground on two new leading-edge chip factories at the company’s Ocotillo campus in Chandler, AZ. Intel CEO Pat Gelsinger celebrated the start of construction at a ceremony Friday on the largest private investment in Arizona history and reiterated the company’s commitment to investing in U.S. semiconductor leadership. (Photo above: Keyvan Esfarjani (from […]