Company
Intel Corp
NASDAQ:INTC
Intel Corp is engaged in designing and manufacturing products and technologies. The company's segments include Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG) and Intel Foundry Services (IFS).
264 stories · page 8 of 14
Hardware & electrical equipment
Intel slashes quarterly dividend in latest cost-cutting move
Intel’s shares are down 60% from their 2021 high, as a struggling PC market, increasingly stiff competition and dwindling financial results have left their mark on the stock
Hardware & electrical equipment
Intel ordered to pay VLSI Technology US$948.8mln by Texas jury for patent infringement
Intel said it "strongly disagrees" with the verdict and plans to appeal
Hardware & electrical equipment
Intel beats on profits but falls short on revenue in 3Q; cost-cutting measures expected
On a year-over-year basis, Intel’s earnings and revenue were down 15% and 59%, respectively
Hardware & electrical equipment
Intel spin-out Mobileye jumps more than 37% on market debut
At the IPO price of $21 per share, Mobileye was valued at $17 billion, significantly lower than the roughly $50 billion valuation Intel had previously hoped for
Hardware & electrical equipment
Instacart pulls IPO on volatile market conditions - report
The San Francisco-based food delivery company has not completely ruled out the option to go public, a source told Reuters, but they added that the plans to list the company in 2022 look extremely unlikely
Hardware & electrical equipment
Intel plans to announce 'targeted' layoffs in November, says report
The Oregonian newspaper said Intel chief executive Pat Gelsinger addressed employees via a video, and promised more details on the layoffs on November 1
Hardware & electrical equipment
Intel eyes significantly lower valuation for IPO of Mobileye unit - WSJ
Mobileye, which was originally expected to land a roughly $50 billion valuation, is now set to target one that is under $20 billion and sell a smaller number of shares than originally planned, the newspaper said
Hardware & electrical equipment
Intel plans to cut thousands of jobs due to hit from PC slowdown - report
Citing people with knowledge of the situation, Bloomberg News said the layoffs at the chipmaker will be announced as early as this month
Hardware & electrical equipment
Intel shares plunge at the open after 2Q earnings target miss; full-year guidance reduction
The chipmaker reported a 22% decline in GAAP revenue to $15.3 billion for the second quarter, compared to $19.6 billion in the year-ago quarter, and the $17.9 billion consensus analyst expectation
Hardware & electrical equipment
Intel shareholders vote overwhelmingly (to no avail) against executive pay packages
Votes against pay packages are not binding, which begs the question, why have the vote?
Hardware & electrical equipment
Intel to grow Israeli semiconductor presence with US$5.4bn Tower takeover
The acquisition will enhance Intel’s access to specialised production and help reduce the global semiconductor shortage
Intel to spend Mobileye proceeds on chip factories
The company announced on Monday that it intended to list the Israeli company in New York
Hardware & electrical equipment
Intel to float self-driving arm in 2022
Intel’s subsidiary is rumoured to be valued around US$50bn
Hardware & electrical equipment
Intel shares sink on margin concerns as chip shortage dents third-quarter revenue
Chief executive Pat Gelsinger does not expect the semiconductor shortage to end until 2023