U.S. chipmaker Intel Corp. said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine. The company, which had last month suspended shipments to customers in Russia and Belarus, said it has implemented business continuity measures to minimize disruption to its global…
Rosenblatt Analyst Explains How AMD Stock Weakness Is Buying Opportunity
Competitor downgrade on 2023 cyclical issues, potential consumer weakness in PCs and mobile, and a possible price war with Intel Corp drove Advanced Micro Devices Inc shares’ weakness, Rosenblatt analyst Hans Mosesmann said. Barclays recently downgraded the rating on AMD, citing looming cyclical risks in 2023 across several end markets. However, Mosesmann contends that AMD is not in jeopardy of missing its…
Intel, Micron CEOs to Testify to US Senate on March 23
The CEOs of Intel Corp. and Micron Technology Inc. will testify on March 23 before the U.S. Senate, Reuters reports. The hearing would focus on vulnerabilities in semiconductor supply chains and the sector’s connection with American competitiveness. The PACCAR Inc. chief will also testify at the hearing. The U.S. presently accounted for 12 percent of the chip production versus…
Intel Unveils $88 Billion Chipmaking Expansion Plan for Europe
LONDON—U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain. CEO Pat Gelsinger said Intel was investing the money “along the entire semiconductor value chain” as part of a holistic…
Intel’s Autonomous Car Driving Unit Confidentially Files for US IPO
Intel Corp.’s self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp. and Qualcomm Inc. in developing driverless systems for automakers. Intel CEO Pat Gelsinger has been under pressure from activist…
Intel and Tesla Struggle to Balance Ethics and Profit in China
March 2, 2022
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News Analysis Many multinational companies in China are in a dilemma. They find it almost impossible to maintain moral and ethical norms while appeasing Beijing in order to make money in China. Intel and Tesla are two prominent examples. Despite kowtowing to Beijing, Intel and Tesla have been recently suppressed by the Chinese Communist Party…
Intel Analysts See Turnaround Plans as Long-Drawn, Ambitious, and Investment-Heavy
Intel Corporation shares ended last week sharply lower, as the chip giant’s Investor Day presentations left investors unimpressed. The Intel Analysts BofA Securities analyst Vivek Arya maintained an Underperform rating and $52 price target for Intel shares. Rosenblatt Securities analyst Hans Mosesmann maintained a Sell rating and $40 price target. Needham analyst Quinn Bolton kept…
Analysts Comment After Intel Reveals 2022 and Long-Term Growth Strategy
Intel Corp. shared its 2022 and long-term growth strategy at its investor meeting Thursday. After attending Intel’s analyst day, Bank of America (BofA) analyst Vivek Arya said the company “laid out an ambitious plan” to drive double EPS growth through 2026. He expects bulls to focus on its commitment to process leadership, large and growing total…
Intel Delays Launch of Standalone Desktop Graphics Chips to Q2
Intel Corp. said on Thursday it has pushed back the launch of standalone graphics chips for desktops to the second quarter, while those for laptops will be rolled out in the first quarter as originally planned. The announcement comes against the backdrop of an ongoing chip shortage and global supply chain issues, with chipmakers struggling…
Intel Launches Blockchain Chip to Tap Crypto Boom
Intel Corp on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block Inc, the Jack Dorsey-led firm that recently changed its name from Square Inc to highlight…
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