News

Intel to Sell 49% Stake in Ireland Chip Fab to Apollo

SANTA CLARA & NEW YORK — Hedge fund Apollo says it will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34 in Ireland. The transaction represents Intel’s second Semiconductor Co-Investment Program (SCIP) arrangement. SCIP is an element of Intel’s Smart […]

News

Intel Forms Generative AI Company With Investment Firm

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 […]

News

Intel Sees Revenue Decline 22%

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 […]

News

Intel to Invest 80 Million Euros in European Chip Plants

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 […]

News

Intel Buys Tower Semiconductor for $5.4 Billion

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 […]

News

Intel to Build $20 Billion Chip Plants in Ohio

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 […]

News

Intel to Take Mobileye Division Public in 2022

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 […]

News

Intel Breaks Ground on 2 Arizona Chip Plants

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 […]