Intel’s comeback story is even wilder than it seems
Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround.
Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround.
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.
The two tech giants are looking to co-develop custom chips, at a time when demand for CPUs is high due to a growing global shortage.
Intel has been bulking up a team to focus on this effort and will develop its GPU strategy around customer needs.
Articul8’s valuation for its current funding round marks a roughly fivefold increase since its Series A.
Intel has been building chips designed for gaming PCs for years but the company is now moving into handheld devices too.
Intel added $20 billion to its balance sheet in Q3 but didn’t offer many details on the progress of its floundering foundry business.
Intel announces new processors produced in Arizona as the company looks to increase its U.S. manufacturing.
The Trump administration wants the industry to reach a 1:1 ratio of domestically produced and imported chips.
Nvidia has agreed to invest $5 billion in Intel as part of a broader deal to together develop “multiple generations” of data center and PC products. Nvidia will buy Intel stock.