As predicted, Intel has spun off their foundry business by establishing an offshore subsidiary Intel Foundry. It is now a subsidiary with its own...
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Intel will reportedly sell its foundry business as well as cancel some of its factory construction projects in a move to reduce the company's operating costs, according to a Reuters report. This is a move that is believed to be announced by CEO Pat Gelsinger to the board of directors in the middle of the month.The chip fabrication plant may be sold to TSMC while construction of a $32 billion plant in Germany is canceled to reduce the company's capital spending. Also Altera which produces programmable chips may also be sold even though it was only bought by Intel nine years ago.2024 is not a good year for Intel as they announced 15,000 layoffs earlier last month to cut costs by up to $10 billion. The issue of damage to Intel Core Gen-13 and Gen-14 chips is also gaining industry attention as they need to replace affected customer chips. Due to these two incidents, the Intel Innovation event which was supposed to last two weeks was postponed to 2025.
As predicted, Intel has spun off their foundry business by establishing an offshore subsidiary Intel Foundry. It is now a subsidiary with its own...
As predicted, Intel has spun off their foundry business by establishing an offshore subsidiary Intel Foundry. It is now a subsidiary with its own...
It's no secret that Intel is going through a difficult era with declining earnings and losses being recorded by several businesses under their...
The semiconductor chip manufacturing industry is highly competitive, with countries such as Taiwan and Korea ensuring that company secrets are...
After the launch of Intel Lunar Lake processing chips, the company showed many new processes in terms of cost reduction and parallelization of...
After the launch of Intel Lunar Lake processing chips, the company showed many new processes in terms of cost reduction and parallelization of...
According to recent filings in the Ontario Superior Court, a North York property owned by Visionary Holdings Inc., a NASDAQ-listed education, real...
According to recent filings in the Ontario Superior Court, a North York property owned by Visionary Holdings Inc., a NASDAQ-listed education, real...
Continuing from yesterday's report by TheStar saying that Intel has postponed the construction of a factory in Penang, now Intel itself has issued an...
Previously, the latest series of Intel processing chips, given the code name Arrow Lake, is expected to be introduced and go on sale in early October....