SAN FRANCISCO—Gordon Moore, the Intel Corp. co-founder who set the breakneck pace of progress in the digital age with a simple 1965 prediction of how quickly engineers would boost the capacity of computer chips, has died. He was 94. Moore died Friday at his home in Hawaii, according to Intel and the Gordon and Betty…
Intel Slashes Dividend by 65 Percent as It Pushes to Cut Costs After Big Loss
February 22, 2023
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Intel Corp. slashed its quarterly dividend by almost two-thirds, as it proceeds to cut costs after major losses. The U.S.-based chip manufacturer will reduce its fourth quarterly dividend from $0.365 to $0.125, a loss of more than 65 percent, the chipmaker announced on Feb. 22. This comes after the company announced the implementation of a series of…
Chipmakers Post Weak Results, Reduce Spending Amid Recession Fears
October 7, 2022
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Multiple chip manufacturers are posting disappointing financial results and cutting down on spending—developments that are negatively affecting the share prices of these firms. AMD, for example, recently announced its preliminary third-quarter sales, missing projections by more than $1 billion. The third-quarter revenue is expected to be $5.6 billion, below the company’s forecast of $6.7 billion….
Biden Scheduled to Appear at Intel’s $20 Billion Semiconductor Plant Groundbreaking in Ohio
President Joe Biden is scheduled to visit Ohio on Sept. 9 when Intel Corporation breaks ground on its $20 billion semiconductor fabrication facility, which is the state’s largest-ever economic development project. Ohio Republican Governor Mike DeWine, who is seeking reelection; and Ohio Democratic Rep. Tim Ryan, who is running for U.S. Senate against Donald Trump-endorsed…
Intel, Brookfield to Invest up to $30 Billion in Arizona Chip Factories
Intel Corp. and Canada’s Brookfield Asset Management on Tuesday agreed to jointly fund up to $30 billion for the U.S. chipmaker’s leading-edge chip factories in Arizona, fueling Intel’s ambition to bring more chip production onshore without weighing on its balance sheet. Brookfield’s infrastructure affiliate will invest up to $15 billion for a 49 percent stake…
Intel Freezes Hiring in PC Chip Division for at Least 2 Weeks
Intel Corp. has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures. Intel is “pausing all hiring and placing all job requisitions on hold” in its client computing group, according to the memo sent on Wednesday. The…
Intel Launches New AI Chips, Challenging Nvidia’s Market
JERUSALEM/SAN FRANCISCO—Intel Corp on Tuesday launched a new chip called Gaudi2 focused on artificial intelligence computing, as the chip manufacturer makes a bigger push into the AI chip market currently dominated by Nvidia Corp. Gaudi2 is the second generation processor by Habana Labs, an Israeli AI chip startup Intel bought in late 2019 for about…
Intel Investing $7 Billion in Malaysian Chip Factory
December 13, 2021
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Intel will invest 30 billion ringgit, a little over $7 billion, in a cutting-edge semiconductor packaging facility in Penang, a northwest state of Malaysia, the country’s authorities said on Monday. The investment will add to the company’s advanced chip packaging capabilities already on the island state. More details on the deal are expected at Wednesday’s…
Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO
Intel Corp. on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up its semiconductor plant in Ireland for automakers. Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would announce the locations…
Intel Loses US Patent Trial, Ordered to Pay $2.18 Billion to VLSI Tech
Chipmaker Intel Corp must pay a technology rival $2.18 billion after a federal jury decided that Intel infringed on its patent, a federal court ruled on Tuesday. Intel infringed two patents related to chip-making owned by VLSI Technology LLC the jury ruled. In a statement, Michael Stolarski, chief executive of VLSI Technology, said the firm…
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