"Intel CEO's cost-cutting pitch includes spinning out Altera & retracting from German plant, per source - Yahoo Finance. As Intel gears up for restructuring, watch out for the impact on the industry. #Intel #Altera #costcutting #restructuring #YahooFinance"https://t.co/h0SBpZUdaG #News #BreakingNews #WorldNews #CurrentEvents #Headline #Business #Finance #Technology via X (Twitter) by The Conclusion (@theconclusionuk) https://lnkd.in/ednJCgKK
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✍️Trends : InterDomain Intuitive Incisive Indicative infotainment at #skdscans (400+) #infotainbyskd (60+posts) 🙏pro bono publico
✍️Business Intelligence - restructured approach for more freedom : '..Gelsinger explained that this restructuring would allow the foundry business to explore “independent sources of funding.” Additionally, Intel plans to sell off part of its stake in Altera, a company it acquired in 2015 to boost its position in the programmable chip market. This move comes after Intel’s board met recently to evaluate the company’s future direction, with discussions reportedly including a potential spin-off of the foundry unit. If spun off into a separate publicly traded company, the foundry business would likely have more operational freedom and financial flexibility. ...' - Extract #foundary #financial #corporate #chips #business #restructuring #skdscans
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Is Altera worth more than $17 billion? That's what Intel will soon find out as seeks billions for minority stake in the subsidiary. Intel is struggling to stay relevant in the AI race. AI technology may be hungry for energy and power, but it's also hungry for cash. While Big Tech and Nvidia are swimming and burning through cash, Intel is in the position of desperately needing an influx of it. Altera seems to be the bargaining chip. The subsidiary develops field-programmable gate arrays (FPGA), which are essentially programmable chips used in a variety of applications such as data centers, automotive technology, telecommunications, and even military equipment. All of this comes at a significant time of uncertainty for Intel who is also looking at putting itself on the selling block as well. And the company recently announced revamped strategy that would turn its foundry business, which manufactures chips for other companies, into an independent subsidiary. With Nvidia in the pole position for GPUs and the U.S. CHIPS Act doling out billions to chip manufacturers including Intel, the chip industry is tipping over with players. For Intel, it's the enviable position of trying to right its ship and staying in the AI, while its burning through cash. Whether it's a minority stake or a complete sale, selling a stake in Altera might allow Intel to more easily pursue its semiconductor fabrication ambitions and assure investors that it has a future as an independent company https://lnkd.in/g6pGGaSj #altera #intel #chips #fpga #artificialintelligence #generativeai #chipdesign #manufacturing
Intel seeks billions for minority stake in Altera business, sources say
cnbc.com
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🚀 #Intel's Big Move? A Potential #Foundry Split Sends Stocks Soaring! 🚀 Rumors of #Intel splitting its foundry business are shaking up the tech world and boosting investor confidence. 📈 With this potential strategic shift, #Intel could unlock new opportunities, streamline operations, and solidify its position in the #semiconductor race. Stay tuned—this could be a game-changer! 💡 #Intel #TechInnovation #Semiconductors #BusinessStrategy #StockMarket Read full article below https://lnkd.in/dAwjc3Qh
Intel Is Said to Explore Options to Cope With Historic Slump
bloomberg.com
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Board Director / Interim management executive - focused on stakeholder management, governance and sustainable business improvement
The hunter has become the hunted, with a stock price that’s halved in a few years, as its competition has soared: “…Now Intel itself is a takeover target, in a sign of how strategic missteps and the artificial-intelligence boom have combined to reshape the fortunes of America’s most storied semiconductor company… …Intel reigned for decades as the world’s most valuable semiconductor company, its chips nearly ubiquitous in personal computers and servers. In an industry where specialization was increasingly the norm, it was a rare company that designed and manufactured its own chips—and it was the world leader in both… …The problems started with manufacturing setbacks before Gelsinger took the helm. And they have worsened as the CEO pursued a costly turnaround strategy that failed to foresee how the explosion of interest in AI would fundamentally redirect demand toward a type of chips made by rival Nvidia… [WSJ quote] #technology #AI #competition #demand #mergersandacquistion #transformation Intel Corporation NVIDIA #semiconductor #chips
How Intel Fell From Global Chip Champion to Takeover Target
wsj.com
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Aspiring software engineer | writer | Computational Thinker | Seeking internship opportunities || Polymath | SETI advocate
Intel Corporation's latest attempt to convince investors that its turnaround plan is working backfired, causing a $27 billion drop in its market value. This widened the gap between Intel and its competitors as it struggles to benefit from the growing demand for artificial intelligence technology. The company's stock has fallen by 15% since April 2, when it disclosed disappointing prospects for its foundry division. This brings its year-to-date decline to 25%, a significant contrast to its strong performance in 2023. Intel now lags behind rivals like Nvidia and AMD and ranks as the second worst performing stock in the semiconductor index, ahead of only Wolfspeed Inc. For details explore the link in bio ⏫️ #Intel #Investors #Turnaround #StockMarket #ArtificialIntelligence #Semiconductors #Tech #AI #TechNews #StockMarket #Innovation #TechStocks #Investing #MarketTrends
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"Intel is not here to sell you a component. We are here to give you a system, to participate with you to make an outcome work.” At #IntelVision, Christoph Schell explains how Intel can transform your business. Learn more: https://lnkd.in/gzKm2GYT #IAmIntel
Christoph Schell at Intel Vision 2024
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"Intel is not here to sell you a component. We are here to give you a system, to participate with you to make an outcome work.” At #IntelVision, Christoph Schell explains how Intel can transform your business. Learn more: https://lnkd.in/dNn_qYRw #IAmIntel
Christoph Schell at Intel Vision 2024
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Check out the full video on YouTube to learn more about how we're leveraging powerful #AI and #ML technologies to drive exceptional outcomes. The link is in the comments below! New Era Informatique #NewEra #Dell #NVIDIA #MediaAndEntertainment #Innovation #TechSolutions
Hear directly from the Chief Executive Officer of New Era as he shares insights on how Dell's #PowerScale and Nvidia solutions are playing a pivotal role in assisting them to effectively tackle the challenges faced by customers within the Media and Entertainment sector. ⤵️ For a more comprehensive view, you can watch the complete video on YouTube. The link is provided in the comments section below!
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🚨 Just in: Intel CEO to present plans to trim assets, reduce expenses. As reported by @Reuters, this strategic move aims to boost company performance in a rapidly evolving tech landscape. Stay tuned for more updates! #Intel #TechNews … #News #BreakingNews #WorldNews #CurrentEvents #Headline #Business #Finance #Technology via X (Twitter) by The Conclusion (@theconclusionuk) https://lnkd.in/eXHSWnyG
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#Tech #AIfocusedFoundry #Intel #IntelShares Intel Shares Soar After Plan to Establish AI-focused Foundry: Intel shares go up by 6% following plans to revitalize the company by establishing an independent subsidiary for its AI-focused foundry business. Intel’s stock price has declined by nearly 45%, and the company has reported multibillion-dollar losses in the past year. In a memo to employees on September 16, Intel CEO Patrick Gelsinger announced that […] The post Intel Shares Soar After Plan to Establish AI-focused Foundry appeared first on Coinscreed.
Intel Shares Soar After Plan to Establish AI-focused Foundry
coinscreed.com
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