Intel’s newly departed ex-CEO Pat Gelsinger could be walking away with more than $10 million in severance pay. As per a filing with the Securities and Exchange Commission (SEC) today, Intel and Gelsinger entered into a “retirement and separation agreement” which will entitle the former CEO to a payment equal to 18 months of his […]
Pat Gelsinger set to net more than $10M severance from Intel Read More »
The U.S. Department of Commerce confirmed on Tuesday it has awarded $7.865 billion to chip giant Intel under the U.S. CHIPS and Science Act, a federal statute signed into law by President Joe Biden in 2022 to boost domestic semiconductor manufacturing. The funding will go toward manufacture and advanced packaging (techniques to assemble and integrate
Apple released security updates on Tuesday that it says are “recommended for all users,” after fixing a pair of security bugs used in active cyberattacks targeting Mac users. In a security advisory on its website, Apple said it was aware of two vulnerabilities that “may have been actively exploited on Intel-based Mac systems.” The bugs
Apple says Mac users targeted in zero-day cyberattacks Read More »
Chipmaker Qualcomm is trying to buy rival Intel, according to multiple reports. The Wall Street Journal broke the news late Friday that Qualcomm had approached Intel about a takeover. The New York Times subsequently corroborated the story, while adding that no official offer has been made. Even if there is an offer, it’s not clear
Qualcomm may be trying to buy Intel Read More »
Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to execute a turnaround. Intel is taking steps to transition its chip foundry division, Intel Foundry, to an independent subsidiary, Intel CEO Patrick Gelsinger said in a blog post. Intel Foundry’s leadership isn’t changing, and the subsidiary
Intel moves to spin out foundry business, inks AI chip deal with AWS Read More »
Intel has found its first cloud customer for its Gaudi 3 AI accelerator chip: IBM Cloud. IBM and Intel on Thursday said IBM Cloud will begin offering Gaudi 3 to customers early next year. The chip’s accelerators will be available for both hybrid and on-premise environments, and IBM says it plans to enable support for
IBM Cloud to offer Intel’s Gaudi 3 AI chips next year Read More »
