Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Analysts Cut Intel Price Target Post Q4 Results
Analysts slashed their price targets on Intel Corp. following lackluster Q1 guidance. Citi analyst Christopher Danely lowered the price target to $55 from $58 (13 percent upside) and reiterated a Neutral. The company reported a strong Q4 due to strength in PCs and servers but gave “very poor” guidance due to heavy investing, a 14-week quarter, and an inventory correction…
Third-Generation Ohio Farm to Sell Land for Intel’s Microchip Plants
January 27, 2022
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New Albany a city in rural Ohio is set to become home to the largest private investment in state history—a development that could change the face of a neighboring agricultural township forever. During a festive press conference on Jan. 21, Ohio Gov. Mike DeWine and Intel CEO Pat Gelsinger announced plans for two $20 billion…
Intel Scores Major Win as Court Scraps $1.2 Billion EU Antitrust Fine
Intel on Wednesday won its fight against a 1.06-billion-euro ($1.2 billion) EU antitrust fine that the U.S. chipmaker was handed 12 years ago for stifling a rival, in a major setback for EU antitrust regulators. The judgment by Europe’s second-top court in support of Intel’s arguments is likely to cheer Alphabet unit Google in its…
Intel Posts Record Quarterly Revenue, Sees Supply Strains Through Year
January 27, 2022
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Chipmaker Intel Corp. posted record fourth-quarter revenue, but forecast first-quarter earnings short of Wall Street expectations, as the world’s largest chipmaker faces challenges linked to persistent global supply chain problems. Intel shares, which initially fell about 3 percent in late trade, recovered some ground after the company expressed confidence in demand for its chips and…
A Tale of Two Chip Stocks: Intel, Texas Instruments Get the Ball Rolling for Semiconductor Earnings
Intel Corporation and Texas Instruments Incorporated report quarterly results this week, marking the beginning of the big tech earnings season. Texas Instruments is scheduled to report Tuesday after the close, and Intel will release its quarterly report the next day after the close. Here are Rosenblatt Securities’ expectations concerning the first two big tech earnings to…
Europe Kept Waiting as Intel Commits to New US Chip Factories
BERLIN/STOCKHOLM—Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion investment in two new U.S. semiconductor plants. The company said in September it could invest as much as $95 billion in Europe over the next decade and announce the…
Ohio Governor, Intel CEO Announce Location for Microchip Plants
In what is being touted as the largest private economic development project investment in Ohio history, Gov. Mike DeWine and Intel CEO Pat Gelsinger announced on Jan. 21 that the semiconductor manufacturing giant will place two of its fabrication plants in Licking County outside Columbus. A $20 billion project, Intel’s microchip plants are aimed at…
Grantham: Stocks Could Fall 45% This Year; Intel to Build $20B Chip Plant in Ohio | NTD Business
In a historic investment in American semiconductor manufacturing, Intel will spend $20 billion to build what could become the world’s largest chip plant in Ohio. Billionaire Mark Cuban wants to sell you cheap drugs—far cheaper than their retail alternatives. We take a look at his new online pharmacy. One of America’s top investment managers is…
Stocks Could Fall 45% This Year: Grantham; Intel to Build $20B Chip Plant in Ohio | NTD Business
In a historic investment in American semiconductor manufacturing, Intel will spend $20 billion to build what could become the world’s largest chip plant in Ohio. Billionaire Mark Cuban wants to sell you cheap drugs—far cheaper than their retail alternatives. We take a look at his new online pharmacy. One of America’s top investment managers is…
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