PAT GELSINGER

Intel launched sixth generation Xeon server processors to regain data center market share. Gaudi 3 AI chip, priced competitively, provides a cheaper alternative to rivals' chips. Lunar Lake laptop chip, with a powerful AI processor, will ship in Q3.

The world's biggest heavyweights in chipmaking and artificial intelligence will converge this week for Taiwan's premier tech expo, with Nvidia CEO Jensen Huang expected to get a rockstar reception at his keynote speech on Sunday. That is thanks in l...

Intel predicts lower Q2 revenue and profit, shares down 8%. Weak demand for data center, PC chips. Nvidia leads AI market. Gelsinger optimistic about Intel rebound.

Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. The unit had revenue of $18.9 billion for 2023, down 31% from $27.49 billion the year before.

Intel's $100 billion investment in U.S. states, aided by federal funds, aims for AI chip site in Ohio. Strategic partnerships and government support crucial for Intel's resurgence in semiconductor manufacturing.

Terry Gou, who stepped down as Foxconn chief in 2019 and resigned as a board member last September, remains the company's largest shareholder and is still reverentially referred to by company executives as "the Founder".

In an interview, CEO Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecast...

Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. IFS will break out financials beginning in the second quarter of next year, Gelsinger said.

The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as AMD , Nvidia and Arm rose 1% to 2%.

With government support for the domestic semiconductor ecosystem and foreign investment in manufacturing, India can become a “really interesting location” for setting up a semiconductor fabrication unit, according to Schell.

Intel CEO Pat Gelsinger said the company would invest more than $100 billion over the next five years to augment its semiconductor capacities in the US.

The chip industry is trying to navigate increasing tensions between China and the US, and companies are being forced to curb shipments to their largest market by Washington.

During meetings in Washington, Intel Corp’s Pat Gelsinger, Nvidia Corp’s Jensen Huang and Qualcomm Inc’s Cristiano Amon warned that export controls risk harming US leadership of the industry. The Biden officials listened to the presentations but did...

Indian-American Raja Koduri, head of Intel's Accelerated Computing Systems and Graphics Group, has quit the chip-making major to form his own generative artificial intelligence (AI) startup.

The reductions will range from 5% of base pay for mid-level employees to as much as 25% for chief executive Pat Gelsinger, while the company's hourly workforce's pay will not be cut.

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.

Intel Corp said on Thursday it expects to lose money in the current quarter, surprising investors with a bleaker-than-expected outlook for both the PC market and slowing growth in its key data center division.

The company started its expected layoffs in California with at least 201 employees as "part of a broader cost cutting effort", reports CRN.

Intel CEO Pat Gelsinger, during the company's Q3 earnings call, said that we are responding to the current environment by taking aggressive actions to reduce costs while mindfully protecting the investments needed to accelerate our transformation, e...