News about Silicon Valley business almost everyday.
SANTA CLARA — Intel is launching its first U.S. registered apprenticeship program for manufacturing facility technicians in Arizona in collaboration with the Arizona Commerce Authority (ACA), the Phoenix Business and Workforce Development Board, the SEMI Foundation, Maricopa Community Colleges District (MCCD) and Fresh Start Women’s Foundation. The company plans to train facility technician apprentices over […]
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 […]
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 […]