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 chief executive of products departs among other leadership changes
Intel also announced the creation of a central engineering group that will build custom chips for outside customers.
Why the US government is taking a stake in Intel
The U.S. government’s recent stake in Intel comes after a long period of floundering at the company’s foundry business.
Why the US government is not the savior Intel needs
Intel doesn’t need cash. Instead, the struggling semiconductor giant needs to figure out how to drum up interest for its foundry business.
The Trump administration’s big Intel investment comes from already awarded grants
While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds.
US government plans to take a 10% stake in Intel
Such federal government ownership of a major corporation would mark a dramatic departure from long-standing U.S. policy.
US government is reportedly in discussions to take stake in Intel
This deal would be meant to help Intel bulk up its U.S. chip manufacturing, including its much-delayed Ohio factory.
Speedata, a chip startup competing with Nvidia, raises a $44M Series B
Speedata, a Tel Aviv-based startup developing an analytics processing unit (APU) designed to accelerate big data analytic and AI workloads, has raised a $44M Series B funding round, bringing its total capital raised to $114M.…
Intel is reportedly exploring a sale for its networking and edge unit
Intel CEO Lip-Bu Tan continues to consider ways to help semiconductor giant refocus on its core business. Intel is allegedly considering selling its networking and edge unit, according to reporting to Reuters, as Tan looks…