Category: Intel
-
Intel Stock Soars as Takeover Speculation Spreads
•
Justin Sullivan/Getty Images The S&P 500 jumped 1% on Friday, January 17, 2025, heading into a three-day weekend higher as expectations for additional interest rate cuts in 2025 rebound. Intel shares took off after reports that the semiconductor giant could be a takeover target. Shipping company J.B. Hunt reported lower-than-expected…
-
Intel Stock Soars as Takeover Speculation Spreads
•
Justin Sullivan/Getty Images The S&P 500 jumped 1% on Friday, January 17, 2025, heading into a three-day weekend higher as expectations for additional interest rate cuts in 2025 rebound. Intel shares took off after reports that the semiconductor giant could be a takeover target. Shipping company J.B. Hunt reported lower-than-expected…
-
Intel to spin off venture capital arm
•
Intel is parting ways with another asset in the company’s shake-up over the past year, as its management seeks to focus on its core business. The chip company is spinning off its venture capital arm Intel Capital, which is active in Israel, where its portfolio includes Amnon Shashua’s artificial intelligence…
-
Intel to Turn Venture Arm Into Separate Firm With New Name
•
(Bloomberg) — Intel Inc., the once-dominant chipmaker struggling to revitalize its business and finances, plans to spin off its venture capital arm into a separate fund with a new name. Most read from Bloomberg The chipmaker will remain a “major investor in the new company,” according to a statement issued…
-
Tower flourishes after Intel deal cancellation
•
Nearly three years ago, in February 2022, US chip giant Intel announced that it would buy Israeli company Tower Semiconductor (TASE: TSEM, Nasdaq: TSEM) for $5.4 billion. The deal was eventually cancelled, in the summer of 2023, after the companies failed to obtain approvals from the Chinese regulatory body in…
-
Intel to spin off RealSense as Israel-based startup
•
In August 2021, even before major rounds of layoffs, Intel announced that it would shut down its RealSense 3D depth camera division based on its acquisition of several Israeli startups, most of whose employees were in Israel. Some employees were laid off but the activity was not stopped but kept…
-
How innovation died at Intel as it faces an uncertain future as America’s only leading-edge chip manufacturer
•
Shares of the once iconic chipmaker plummeted 60% in 2024. The company posted the biggest loss in its 56-year history in its latest quarterly earnings report. Its market cap has dropped 80% since 2000 — when it was one of the most valuable companies in the world. But company insiders…
-
Super Micro Computer vs. Intel
•
This has been a great year for many companies, especially technology companies working in the field of artificial intelligence (AI). They led gains in all three indices, from Standard & Poor’s 500 and Nasdaq to Dow Jones Industrial Average. In fact, a new member of Dao Nvidia It is on…
-
Intel Says It’s an Open Question Whether to Break Up Company
•
(Bloomberg) — Intel Corp. Chief Financial Officer Dave Zinsner said a formal separation of the company’s factory and product development divisions is an open question that will be decided by the chipmaker’s next leader. Most read from Bloomberg Zinsner, who serves as interim co-CEO after Pat Gelsinger was ousted this…
-
Intel Considers Outsiders for CEO, Including Marvell’s Head
•
(Bloomberg) — Intel Corp.’s research will focus… About a new CEO is largely on the outside, as the chipmaker considers candidates such as the head of Marvell Technology Inc. Matt Murphy and former CEO of Cadence Design Systems Inc. Lip-Bu Tan, according to people familiar with the situation. Most read…
-
Staunch Israel supporter Pat Gelsinger steps down as Intel CEO
•
Pat Gelsinger is stepping down as CEO of microchip giant Intel, which employs nearly 10,000 people in Israel, after four years in the job. Gelsinger will be replaced by two vice presidents who will jointly run the company as interim CEOs until a permanent replacement is found: CFO David Zinsner…
-
Over 1,000 Intel Israel employees leave the company
•
The hallways at Intel’s Israel development center are quieter these days, as the largest wave of layoffs the company has ever known comes to an end and those remaining get used to the new reality. Former Intel Israel employees told Globes that the situation at the chipmaker is a complex…
-
Nvidia Set to Replace Intel in the Dow Jones Industrial Average
•
(Bloomberg) — Nvidia Corp., the chipmaker at the heart of the artificial intelligence boom, is joining the oldest of Wall Street’s three major stock benchmarks. Most read from Bloomberg The company will replace rival Intel in the 128-year-old Dow Jones Industrial Average before trading begins on Nov. 8, S&P Dow…
-
Intel weighs up future of $650m Israeli acquisition Granulate
•
There has perhaps never been a better time for Tal Siaj and Asaf Ezra, the entrepreneurs behind the Israeli cloud optimization solutions company granular. In 2022, they sold the company to Intel for $650 million, after raising just $45 million. In the same month, the US Federal Reserve raised interest…
-
Intel weighs up future of $650m Israeli acquisition Granulate
•
There has perhaps never been a better time for Tal Siaj and Asaf Ezra, the entrepreneurs behind the Israeli cloud optimization solutions company granular. In 2022, they sold the company to Intel for $650 million, after raising just $45 million. In the same month, the US Federal Reserve raised interest…
-
In Israel Nvidia snaps up employees leaving Intel
•
Several hundred employees at Intel Israel’s development centers in Haifa, Petah Tikva and Jerusalem will receive layoff notices this week, after thousands of their colleagues in the United States were laid off. In August, Intel announced that it would cut 15% of its workforce, cutting between 15,000 and 17,000 employees.…
-
Intel Israel to lay off several hundred after holidays
•
Intel’s downsizing is moving quickly. After completing the voluntary retirement phase, which allowed Intel employees to leave and receive a bonus of up to 19 salaries, the American chip giant has now moved to the next phase. Last Tuesday, according to reports in the US, Intel began firing more than…
-
Qualcomm Said to Wait for US Election to Decide Intel Move
•
(Bloomberg) — Qualcomm will likely wait until after the U.S. presidential election in November before deciding whether or not to pursue a bid for Intel, people familiar with the matter said. Most read from Bloomberg San Diego-based Qualcomm wants more clarity on the new occupant of the White House before…
-
Apollo exec reveals thinking behind $11b Intel financing
•
How has the trend of bank closures contributed to the development of the alternative investment market, what does the market include besides venture capital and private equity funds, and what does Apollo Asset Management offer to clients in Israel? Véronique Fournier, a senior manager at Apollo and responsible for the…
-
Intel rejects Arm’s approach for product division, Bloomberg News reports By Reuters
•
(Reuters) – Arm Holdings approached Intel (NASDAQ:) about potentially acquiring the company’s products division but was told the business was not for sale, Bloomberg News reported on Thursday. The British chip company has not expressed interest in Intel’s manufacturing operations, the report added, citing a person familiar with the matter.…