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Intel sees AI opportunity for standalone programmable chip unit
Economic Times
·
1y ago
Medial
Intel's programmable chip unit, now known as Altera, sees a significant opportunity in the field of artificial intelligence (AI). The company believes its programmable chips fill a niche market between custom processors designed by cloud computing companies and general-purpose AI chips made by Nvidia. With the hardware requirements for AI still evolving, Altera aims to stay at the forefront of innovation by providing flexible and adaptable solutions. The market for programmable chips is estimated to be around $8-$10 billion by 2023, but Altera believes the potential is even larger. While Intel Foundry currently manufactures Altera's Agilex line of chips, it remains uncertain if the forthcoming Agilex 3 chips will be produced in-house.
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AI offers ‘lucrative opportunity’ in Intel's programmable chip unit Altera
Livemint
·
1y ago
Medial
Intel's programmable chip unit, Altera, is poised to capitalize on the growing market for artificial intelligence (AI) by offering chips that cater to the needs of AI applications. The programmable chips fill the gap between purpose-built custom processors and general-use AI chips, making them ideal for the evolving hardware requirements of AI. Despite the lack of third-party data, Intel believes the opportunity for programmable chips is larger than expected due to their role in various stages of the AI workflow. The company aims to stay at the forefront of innovation in this space and anticipates growth in this niche market.
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Intel to sell 51% stake in Altera to Silver Lake
Economic Times
·
3m ago
Medial
Intel announced it will sell a 51% stake in its Altera division to private equity firm Silver Lake. This move values the programmable chip unit at $8.75 billion. The decision is part of Intel's strategic efforts to refocus its core business operations and optimize its investments. Silver Lake, known for investments in technology, will likely help enhance Altera's market potential.
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How chip giant Intel spurned OpenAI and fell behind the times
Economic Times
·
1y ago
Medial
In 2017-2018, Intel had the opportunity to buy a stake in OpenAI for $1 billion, but ultimately decided against it. The discussions included options for Intel to purchase a 15% stake and provide hardware for OpenAI. The decision not to invest in OpenAI, now valued at $80 billion, is seen as one of several misfortunes for Intel in the AI era. Intel has struggled to compete with Nvidia and AMD in the AI chip market and has made unsuccessful attempts to produce a viable AI chip.
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Intel CEO Pat Gelsinger to pitch board on plans to shed assets, cut costs
Economic Times
·
11m ago
Medial
Intel CEO Pat Gelsinger is set to present a plan to the company's board of directors for restructuring and cost-cutting measures. The plan includes selling off unnecessary businesses such as its programmable chip unit Altera, in order to reduce costs and revive the struggling chipmaker's fortunes. The proposal does not currently include plans to sell off Intel's contract manufacturing operation. The company is also considering pausing or halting its $32 billion factory project in Germany. Intel has hired Morgan Stanley and Goldman Sachs to advise on potential sales. The board meeting in mid-September will play a crucial role in determining Intel's future direction.
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Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
Economic Times
·
8m ago
Medial
Intel's $7.86 billion government subsidies deal comes with restrictions that limit the company's ability to sell stakes in its chipmaking unit if it becomes independent. The subsidies, part of a $39 billion initiative to revive chip manufacturing in the United States, require Intel to own at least 50.1% of its chip unit, Intel Foundry, should it be separated into a new entity. If Intel Foundry turns into a public company, Intel can only sell 35% of the unit to any one shareholder without triggering change-in-control provisions. Compliance with these restrictions is necessary for Intel to proceed with its multi-billion dollar projects and continue manufacturing advanced chips within the United States.
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The rise and decline of Intel
Economic Times
·
9m ago
Medial
Intel CEO Pat Gelsinger took over a struggling company that had lost its edge in manufacturing and market share to rivals in the mobile phone and AI chip markets. Intel's history dates back to its introduction of the first commercially made programmable microprocessor in 1971. They later became a staple in the personal computing industry and were added to the Dow Jones Industrial Average. However, Intel missed out on opportunities in the mobile phone boom and faced legal disputes and antitrust scrutiny. They also struggled with manufacturing setbacks and increased competition. Under Gelsinger's leadership, Intel aims to transform into a producer of chips for other companies, investing billions in manufacturing facilities and cutting jobs to turn around their money-losing business.
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AMD bets big on 'pervasive AI' to keep pace with the chip race
Livemint
·
1y ago
Medial
AMD is placing a significant focus on artificial intelligence (AI) as it aims to compete with Nvidia in the AI chip market. AMD's CEO, Lisa Su, sees AI as a tremendous opportunity for the company and has merged multiple AI teams into one entity to accelerate its AI business. AMD's AI strategy includes a wide range of products, such as AI processors for PCs, graphics cards for gaming, custom chips, and AI accelerators. The company's architecture emphasizes low latency and power efficiency, making it suitable for applications like autonomous driving. AMD also recently acquired Pensando, further enhancing its capabilities in networking and AI integration. Although AMD faces competition from Intel and Nvidia, it remains focused on providing high-performance, power-efficient hardware solutions and promoting open-source collaboration in AI development.
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Intel challenges Nvidia, Qualcomm with 'AI PC' chips for cars
Economic Times
·
1y ago
Medial
Intel is taking on NVIDIA and Qualcomm in the AI chip market for cars with the introduction of its latest product, Intel Ponte Vecchio. This chip aims to provide high-performance computing capabilities for autonomous vehicles and other AI-driven applications. By entering the automotive AI chip market, Intel hopes to tap into the rapidly growing demand for technology in the transportation industry, as vehicles become increasingly connected and reliant on AI-driven algorithms.
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Morgan Stanley latest to downgrade ASML on China, memory, Intel concerns
Economic Times
·
10m ago
Medial
Morgan Stanley downgraded earnings estimates for ASML, a computer chip equipment maker, due to weakness in the memory chip market, concerns over demand from Chinese chipmakers, and cutbacks by Intel. ASML's shares have fallen 30% in recent months. However, Morgan Stanley also highlighted the potential for a strong 2025 due to AI-linked demand for ASML's most advanced tools. Deutsche Bank also expressed doubts about ASML's China business, as over-capacity and potential trade restrictions loom. In contrast, Citi remains positive and sees ASML as their top tech pick in Europe.
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Intel reveals details of new AI chip to fight Nvidia dominance
Economic Times
·
1y ago
Medial
Intel unveiled its new Gaudi 3 chip, targeting Nvidia's dominance in AI semiconductors. The chip can train large language models 50% faster than Nvidia's prior generation H100 processor and offers quicker computing for generative AI responses. Intel aims to provide choice and an open approach to customers seeking AI solutions. Despite the challenges faced by Intel and Advanced Micro Devices, the Gaudi 3 chip, built using TSMC's 5nm process, is expected to deliver superior performance. Server builders can expect availability in Q2 2022, and the next-generation code-named Falcon Shores is already in the works.
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