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Intel, Amazon
Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently got some in the form of two new announcements about Intel's foundry division. The news sparked a 9.2% jump in the stock price over two days (Sept. 16-17).
Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans
The most significant transformation of Intel in over four decades” includes $10 billion in cost cutting and foundry business spinoff.
Intel’s big turnaround plan includes spinning off its chipmaking business
Intel is spinning off its chipmaking business as part of its plans to reverse billions in losses and a tumbling stock price. In an announcement on Monday, Intel CEO Pat Gelsinger said the Intel Foundry will become an independent subsidiary with “clearer separation and independence” from Intel.
2d
on MSN
Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the ...
3d
Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts
The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with ...
2d
on MSN
Intel's Beaten-Down Stock Is Getting a Reprieve Today
Shares of the chipmaker rose Tuesday, lifted by Monday night's update to CEO Pat Gelsinger’s plans to re-energize the company ...
ExtremeTech on MSN
1d
Intel Announces $3 Billion Contract for Government 'Secure Enclave' Program
The deal between Intel and the G-Man was first mentioned in the press in March 2024, but it was not based on statements from ...
3d
on MSN
Intel leaps following $3B funding announcement from CHIPS
Intel (NASDAQ:INTC) shares jumped 6% Monday afternoon after it was confirmed the company would receive up to $3B in direct ...
2d
on MSN
Intel causes Germany’s coalition government to rupture after shelving plans for €30 billion plant
Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.
1d
on MSN
Intel finally gives Wall Street good news
After a disastrous second quarter earnings report in August that resulted in the worst trading day for the company’s stock in ...
sea.mashable
2d
PS6 rumor: Intel reportedly rejected for the next-gen console — here's why
Flashback to 2013: When the PS4 dropped, the lack of native backward compatibility with the PS3 was a massive disappointment ...
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