Intel Corp

The company's Fab 52 semiconductor facility in Arizona, will begin high-volume production new Panther Lake processor built on Intel 18A later this year, to power next-gen AI PCs and gaming devices

PC chip major Intel CEO Lip-Bu Tan is likely to visit Odisha later this year for the ground-breaking ceremony of 3D Glass Solutions' semiconductor plant, a senior state government official said on Wednesday. The ground-breaking ceremony of the silicon carbide company SicSem is scheduled for next month, and the commercial production of chips is expected to start in two years, Odisha Electronics and IT Department Principal Secretary Vishal Kumar Dev told PTI. "Chief Minister (Mohan Charan Majhi) was here, and they (SiCSem and 3DGS) have given a commitment to start the unit soon. SiCSem's ground-breaking will be done next month, and the other company, 3D Glass Solutions (3DGS), they are looking for a date from Intel CEO Lip-Bu Tan. He plans to visit Odisha also. That is when the ground-breaking will happen. Hopefully, in the next two to three months," Dev said. 3D Glass semiconductor packaging unit to be set up by Heterogeneous Integration Packaging Solutions Pvt Ltd, which is backed

The move marks rare government intervention in the private sector to boost domestic manufacturing of semiconductors

The federal government is considering a potential investment in Intel that would involve converting some or all of the company's grants from the US Chips and Science Act into equity

Tan has reached out to the White House to clear up what he called "misinformation" about his track record, he said in a letter to staff posted on Intel's website

Intel India and the government's IndiaAI mission have joined hands to launch an initiative focused on bolstering AI capabilities and skills nationwide. The partnership, formalised through a Memorandum of Understanding (MoU), aims to empower young individuals, professionals, startups, and public sector leaders, enabling them to leverage AI's potential for societal advancement and effective governance. "The MoU outlines a framework for cooperation between Intel India and IndiaAI Mission to drive focused initiatives that will enable students, startups, and public sector leaders to develop and apply AI skills and competencies for social impact and good governance," a company statement said. The collaboration will focus on four key programmes: YuvaAI, StartupAI, IndiaAI Dialogues, and enabling Bhashini for scaling to remote regions. YuvaAI, through the Intel AI for Youth programme, will enable school students to develop AI-enabled solutions with social impact. StartupAI will support AI

Exclusive Copilot Plus features like Live Captions, Cocreator, Restyle Image and Image Creator are rolling out to PCs powered by select AMD and Intel chips

Tan has also agreed to buy $25 million in Intel shares in the first 30 days of taking the job

Company's quarterly results and forecast were overshadowed by questions about its long-term strategy and efforts to replace former CEO Pat Gelsinger, who was ousted last month

This week's sudden ouster of CEO Pat Gelsinger set off an urgent search for new leadership at a time when the chipmaker's fortunes are shaky and its bench has been depleted

Gelsinger, who resigned on Dec. 1, left the company before the completion of an ambitious and costly four-year plan to restore the company's lead in making the fastest and smallest computer chips

Intel will qualify for at least $1 billion this year, a senior administration official said, based on milestones it has already reached

The company will replace rival Intel Corp. in the 128-year-old Dow Jones Industrial Average prior to the start of trading on Nov. 8, S&P Dow Jones Indices said in a statement

Apollo Global management's proposed investment signals confidence in Intel's turnaround, as the chipmaker struggles with costly transformation efforts

While Qualcomm's approach raises the prospect of others entering the fray, at least one large rival is opting to sit on the sidelines for now

Intel's stock has plunged nearly 60 per cent this year and has lagged chip firms, including Nvidia and TSMC, as it missed out on an AI-driven boom in chip demand

Dispute over profit margins blocked Intel-Sony deal, sources say

The exceptional participation has prompted the government to extend the deadline to accommodate the overwhelming response and industry suggestions

Dell executives Bill Scannell and John Byrne communicated the layoffs through an internal memo, titled "Global Sales Modernisation Update", on August 6

Intel, which employed 116,500 people as of June 29, excluding some subsidiaries, said the majority of the job cuts would be completed by the end of 2024