Tag Archives: Intel

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, March 16, 2022 Apple’s M1 Ultra chip could upend the computer industry Apple’s (AAPL) new M1 Ultra processor hits the market Friday. The chip, which you can get in the new $3,999 Mac Studio, is expected to be an absolute powerhouse that can take on the best of what Intel (INTC), AMD ( Source link

(Bloomberg) — Advanced Micro Devices Inc. rallied as much as 12% in late trading after giving a surprisingly strong sales forecast, suggesting it’s making further gains on archrival Intel Corp. in computer processors. Most Read from Bloomberg The chipmaker’s first-quarter sales outlook outpaced Wall Street estimates on Tuesday, and AMD is reaching a level of profitability that’s nearly identical to Intel’s — something that would have been inconceivable just a few years ago…. Source link

With COVID cases surging, companies are backing out of attending CES in person. Sarah Tew/CNET … Source link

With big capital commitments for new foundries coming down the pike, Intel (INTC) is likely looking to free up resources by spinning off Mobileye. The chip giant said Tuesday it would float Mobileye onto public markets. Industry experts peg the valuation on Mobileye north of $50 billion given its lead in autonomous driving technology and key deals inked with the likes of Ford and Geely. Mobileye also has attractive financials (the company has hauled in north of $442 million in operating… Source link

(Bloomberg) — Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry. Most Read from Bloomberg Intel will remain the majority owner after the transaction, which involves an initial public offering of newly issued Mobileye stock, the company said in a statement Monday. Mobileye’s executive team, led by Amnon Shashua, also will stay on board. News of the move, first… Source link

A Google Cloud logo outside the Google Cloud computing unit’s headquarters at the Moffett Place office complex in Sunnyvale, California, U.S., June 19, 2019. REUTERS/Paresh Dave/File Photo Oct 27 (Reuters) – Intel Corp (INTC.O) and Alphabet Inc’s (GOOGL.O) Google Cloud on Wednesday said they have worked together to create a new category of chip that Intel hopes will become a major seller in the booming cloud computing market. The new chip, which is called Mount Evans and will be sold to… Source link

(Bloomberg) — Intel Corp. Chief Executive Officer Pat Gelsinger spelled out the cost of his drive to return the world’s largest chipmaker to leadership of the industry and investors weren’t pleased. Shares fell about 9% in extended trading. Most Read from Bloomberg Executives said profitability will suffer during the next few years because of increased spending on the company’s manufacturing technology. Near term, if Intel’s fourth quarter comes in as the chipmaker projects, sales… Source link

Enterprises and research organizations alike are eager to adopt cloud computing to expand computing capacity and access the latest technologies. But too often, setting up robust HPC environments in the cloud has meant wrangling with unfamiliar concepts and tools, resulting in slow deployments, software incompatibilities, and subpar performance. Now, Intel and Google have teamed up to make cloud-based HPC familiar, compatible, and performant. Building on Google’s HPC VM image and the… Source link

(Corrects to remove reference to three stocks in fourth paragraph) * Social media stocks rally after strong results * AmEx jumps on blowout Q2 profit * Intel sales forecast implies rocky second half of 2021 * Indexes up: Dow 0.39%, S&P 0.44%, Nasdaq 0.26% By Devik Jain and Shreyashi Sanyal July 23 (Reuters) – Wall Street’s main indexes rose on Friday, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid… Source link

(Bloomberg) — Intel Corp. fell after saying a new version of its Xeon server chip line will go into production in 2022, rather than by the end of this year as promised, the latest in a series of delays that have cost the company technology leadership of the chip industry.Rival Advanced Micro Devices Inc. rose after Intel said Tuesday that a chip design, code-named Sapphire Rapids, will begin production in the first quarter of 2022 with the “ramp” beginning the following quarter. The… Source link