Page 2 - Intel Corp
Intel shares to fall most in 24 years as it struggles with turnaround
Shares of the company were down about 20 per cent in premarket trading after Intel late forecast quarterly revenue below estimates
 "Intel shares to fall most in 24 years as it struggles with turnaround")
US tech giant Intel halts expansion plan for $25 billion Israel chip plant
Intel did not give any specific reason for the decision and made no link to the ongoing war in Gaza, in which over 37,000 Palestinians have been killed
 "US tech giant Intel halts expansion plan for $25 billion Israel chip plant")
Over 500 AI models are now optimised for Core Ultra processors, says Intel
Intel said the AI models optimised for Core Ultra processors are available from popular industry sources, including OpenVINO Model Zoo, Hugging Face, ONNX Model Zoo and PyTorch
 "Over 500 AI models are now optimised for Core Ultra processors, says Intel")
Intel to launch two AI chips with reduced capabilities for Chinese market
Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China
 "Intel to launch two AI chips with reduced capabilities for Chinese market")
Infosys, Intel join hands to accelerate enterprise growth with Gen AI
Indian IT services company Infosys and chip giant Intel on Wednesday announced expansion of their strategic collaboration to assist global enterprises in accelerating their AI journeys. The advanced artificial intelligence (AI) solutions offered as a part of this partnership will aim to help businesses become cost-effective and performance-driven while being responsible by design, according to a joint release. Announcing Infosys Topaz and Intel collaboration to accelerate enterprise growth and efficiency with Generative AI, the release said the expanded partnership will help "democratise" AI by bringing open standards in AI hardware and software stack across edge, core, and cloud computing. Infosys Topaz an AI-first set of services, solutions and platforms that helps enterprises accelerate business value using generative AI technologies - will adopt Intel-based solutions, including Intel Xeon processors, Intel Gaudi accelerators, Intel Core Ultra Processors, software, and other ...
 "Infosys, Intel join hands to accelerate enterprise growth with Gen AI")
Intel discloses $7 billion operating loss in 2023 for chip-making unit
Chief Executive Pat Gelsinger said 2024 would be the year of worst operating losses for the company's chipmaking business and that it expects to break even on an operating basis by about 2027
 "Intel discloses $7 billion operating loss in 2023 for chip-making unit")
Intel stands to win $3.5 billion to produce advanced chips for US military
The Wall Street Journal reported in November that Intel was in talks for between $3 billion and $4 billion in government subsidies from the programme
 "Intel stands to win $3.5 billion to produce advanced chips for US military")
Altera: Intel sees AI opportunity for standalone programmable chip unit
Intel's programmable chip unit began operating as a standalone business at the beginning of the year
 "Altera: Intel sees AI opportunity for standalone programmable chip unit")
Highlights of the day: Investments are inclined towards India, says FM
From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world
 "Highlights of the day: Investments are inclined towards India, says FM")
Intel in talks with Biden admin for more than $10 bn in subsidies
Intel climbed as much as 1.1 per cent in late trading Friday after Bloomberg reported the news. The stock was down 13 per cent this year through the close
 "Intel in talks with Biden admin for more than $10 bn in subsidies")
Articul8: Here is everything about Intel's enterprise-focused GenAI company
Intel has set-up Articul8 together with the global investment firm DigitalBridge Group. It aims to provide enterprise customers a full-stack, vertically-optimised and secure GenAI software platform
 "Articul8: Here is everything about Intel's enterprise-focused GenAI company")
Intel partners with Israel to invest $25 bn in new manufacturing facility
The new factory is expected to begin operating in 2028. Intel will operate it at least till 2035
 "Intel partners with Israel to invest $25 bn in new manufacturing facility")
Israel to give Intel $3.2 bn grant for new $25 bn chip plant in south
This is the largest investment ever by a company in Israel. The news comes as Israel remains locked in a war with Palestinian militant group Hamas in the wake of the Oct. 7 Hamas attack on Israel
 "Israel to give Intel $3.2 bn grant for new $25 bn chip plant in south")
Intel beats expectations as margins rise, manufacturing momentum builds
The company expects fourth-quarter adjusted profit per share of about 44 cents, above analysts' estimate of 32 cents
 "Intel beats expectations as margins rise, manufacturing momentum builds")
Intel appoints Gokul Subramaniam as the new president of its India site
Subramaniam, who is based in Bengaluru, has been with Intel for over 11 years and has occupied various technical and business leadership roles
 "Intel appoints Gokul Subramaniam as the new president of its India site")
Intel hit with $400 million EU antitrust fine in decades-old case
The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case
 "Intel hit with $400 million EU antitrust fine in decades-old case")
Intel to drop $5.4 billion Tower deal after China review delayed: Reports
Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added
On an exciting growth path in India, committed to serve market, says AMD
AMD India is on an "exciting growth path", a senior executive of its India operations said, praising the engineering talent in the country and affirming the chipmaker's deep commitment to serving the market here. Acknowledging the "invaluable contributions" of Indian engineers to its chipsets, Vinay Sinha, Corporate Vice President, India Sales, AMD said, "With Xilinx and Pensando, today India teams have an R&D footprint in every product across AMD's diversified portfolio". AMD operations in India are central to every major product and design offering, and the company expects that to continue, he added. India was quick to pick up AI, Sinha said of the new age technology that is quickly transitioning to a tool that can transform businesses fundamentally, and that can drive enormous disruption and increase in requisite investments. The country is also key to developing AMD's data centre business focus. "AMD is deeply committed to serving the Indian market and is excited about the ...
 "On an exciting growth path in India, committed to serve market, says AMD")
Intel rebrands its processor chips for the first time in 15 years
The company will introduce a new range of PC chips called 'Core Ultra' to better compete with other chipmakers like AMD and Nvidia in the market
 "Intel rebrands its processor chips for the first time in 15 years")
Intel GPU chief Raja Koduri quits to form own generative AI startup
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.
