Intel Corporation announced Friday that it is investing $20 billion to build 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 as part of the company’s IDM…
Intel Investing $20 Billion to Build 2 New Chip Factories in Ohio
January 21, 2022
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Here’s Why Citi Bumped Up Price Target of This Top Chipmaker by 12%
Citi analyst Christopher Danely raised the firm’s price target on Intel Corp. to $58 from $52 and reiterated a Neutral rating on the shares. The price target implies an upside of 4.1 percent. The analyst’s channel checks indicate the recent surge in enterprise demand and notebook orders will drive upside to Intel’s Q4 and Q1 consensus estimates. He raised…
Intel ‘Self-Censored’ by Deleting Mention of Xinjiang from Open Letter: Rubio
Sen. Marco Rubio (R-Fla.) has criticized Intel for “self-censoring” after reports emerged that the company deleted references about China’s Xinjiang region from an open letter to suppliers posted on its website. The letter, originally published in December 2021, asked suppliers not to source goods, services, or labor from Xinjiang, signaling concerns over potential forced labor…
Read Why Tigress Financial Remains Bullish on Intel
Tigress Financial analyst Ivan Feinseth raised the price target on Intel Corp. to $72 from $68 and reiterated a Buy. The price target implies an upside of 35.5 percent. Feinseth noted Intel’s ongoing investment in processor development would increase industry competitiveness. Further, the announced initial public offering of Mobileye creates a “significant upside catalyst” for the shares. By Anusuya Lahiri ©…
China’s Xi’an City Under Strict Lockdown
Tech giant Intel is apologizing to China after backlash from Chinese shoppers. At issue is the company’s statement about avoiding forced labor in Xinjiang. The first day of lockdowns has begun in Xi’an, the harshest in China so far. Life in the megacity seems to have stopped, except for the long queue of people waiting…
NTD Evening News Full Broadcast (December 23)
Former Minnesota police officer Kim Potter is found guilty of first- and second-degree manslaughter, the FDA authorizes the emergency use of Merck’s antiviral pill, and semiconductor giant Intel apologizes to China following a backlash from Chinese consumers.
Intel Apologizes After China Backlash Over Xinjiang Stance
December 23, 2021
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Intel stoked nationalist fervor in China by asking suppliers not to source products or labor from the northwestern region of Xinjiang, where more than 1 million Uyghurs are held in detention camps. The U.S. chipmaker posted an apology on its official WeChat and Weibo accounts on Dec. 23 for the “trouble” it caused to Chinese…
Intel Tells Unvaccinated Employees They Face Unpaid Leave
PORTLAND, Ore.—Intel has told workers that unvaccinated people who don’t get an exemption for religious or medical reasons will be on unpaid leave beginning in April. The California-based semiconductor company told employees last month they had a Jan. 4 deadline to be vaccinated against COVID-19 or seek an exemption, citing a government mandate for federal…
How Will the Intel vs. AMD Rivalry Pan Out in 2022?
The rivalry between Intel Corporation and Advanced Micro Devices (AMD) has decidedly tilted in favor of the latter in recent years. With Intel going all out to turn things around, here is how the competitive dynamics in the industry are shaping up. PC Market Outlook Remains Cautious Declines in chief information officer (CIO) spending intentions, rising…
Citi Expects Intel, AMD to Beat Q4 Guidance
Citi analyst Christopher Danely noted that notebook shipments were up 10 percent month-over-month in November due to improved enterprise demand, beating the firm’s forecast for a 6 percent month-over-month increase. Based on the better than expected notebooks data, overall PC strength, and demand for servers, Danely said he expects both Intel Corpand Advanced Micro Devices Inc….
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