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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 Gains After Landing Amazon Deal, Preparing Factory Split
Intel Corp. shares surged for the second straight day after the troubled chipmaker made a raft of announcements, spurring optimism that a turnaround plan is starting to bear fruit.
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 ...
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 ...
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
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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 ...
Analysis
Digi Times
2d
Analysis
Intel's strategic transition: can new orders and cost cuts lead to a rebound?
Many still regard Intel as one of the greatest American companies. However, recent struggles have led to a less flattering ...
3d
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.
ExtremeTech on MSN
2d
Intel Announces $3 Billion Contract for 'Secure Enclave' Program for the Government
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 ...
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