Intel

Intel could be in for significant changes as Lip-Bu Tan takes on CEO role

Enterprise /

Intel’s new CEO Lip-Bu Tan seems ready to get right to work to turn around the struggling company.  The semiconductor giant’s new executive is considering sweeping changes for the company’s chip manufacturing and AI strategies, according to Reuters, including: cutting middle management staff and revamping the company’s approach to manufacturing chips. Tan reportedly told company […]

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As Intel welcomes a new CEO, a look at where the company stands

Enterprise /

Semiconductor giant Intel hired semiconductor veteran Lip-Bu Tan to be its new CEO. This news comes three months after Pat Gelsinger retired and stepped down from the company’s board, with Intel CFO David Zinsner and Executive Vice President of Client Relations Michelle Johnston Holthaus stepping in as co-CEOs. Tan, who was most recently the CEO

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Broadcom, TSMC reportedly exploring deals that would split up Intel

Hardware /

Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) are separately exploring deals to take over parts of Intel, according to a report in The Wall Street Journal. Broadcom is reportedly considering an acquisition of Intel’s chip-design and marketing business, and would want a partner for the company’s manufacturing business, while TSMC is reportedly looking at controlling

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Intel Capital fuels TrueFoundry’s $19M funding to help boost AI deployments at scale

Enterprise /

TrueFoundry, a startup run by a group of former Meta engineers to help enterprises deploy AI systems at scale, has raised $19 million in fresh investment led by Intel Capital. With GenAI’s emergence following the launch of ChatGPT in November 2022, enterprises of all sizes have looked at ways they could embrace AI. But GenAI

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China may probe Intel for antitrust: report

Government & Policy /

Amid China’s retaliation to recently-announced U.S. tariffs, Intel may find itself in the hot seat with China’s regulators. China is apparently considering an antitrust probe into semiconductor giant Intel, according to reporting from the Financial Times. This would be in addition to the set of tariffs against the U.S. that China announced on Monday. Per

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Intel has already received $2.2B in federal grants for chip production

AI /

Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call. Dave Zinsner, Intel’s co-interim CEO, executive vice president and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion

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Intel won’t bring its Falcon Shores AI chip to market

Enterprise /

Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads. The move comes as Intel tries to correct course after a number of disappointing product launches and historic losses, while competitors like AMD and Nvidia gain ground. Intel co-CEO Michelle Johnston Holthaus said during the company’s fourth-quarter earnings call Thursday,

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