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Intel's chip contracting plan in spotlight on earnings day - The Economic Times
Economic Times
·
1m ago
Medial
Intel is facing a downturn with declining sales and consecutive net losses. CEO Lip Bu-Tan's focus on enhancing its chip contract manufacturing business, including a shift to the 14A chipmaking process, is under scrutiny. Intel aims to make its foundry unit break even by 2027, but potential writedowns could impact this timeline. The company is also selling non-core assets to streamline operations amid challenging market conditions and global trade uncertainties.
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US weighs taking stake in Intel: Bloomberg - The Economic Times
Economic Times
·
14d ago
Medial
The Trump administration is considering acquiring a stake in Intel to support the struggling chipmaker amidst national security concerns and delays in its Ohio chip plants. This follows a meeting between President Trump and Intel CEO Lip-Bu Tan. The potential move aims to bolster U.S. chip manufacturing leadership. Intel's shares surged, though the company declined to comment on the report. The discussions are ongoing, and details are yet to be finalized.
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Intel rescue will depend on Trump as investor — and pitchman - The Economic Times
Economic Times
·
9d ago
Medial
The US government considers investing in Intel to boost domestic chip production, but analysts doubt funding alone can revive the struggling company. The government’s potential stake aims to increase customer acquisition for Intel's foundry business. SoftBank's investment and possible government influence might attract clients. While President Trump’s involvement could help, Intel's ability to compete with industry leaders like TSMC remains uncertain, and long-term success depends on securing major customers and technological advancement.
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Intel in talks with large investors for equity boost at discount: Report - The Economic Times
Economic Times
·
9d ago
Medial
Intel is seeking an equity infusion from large investors at a discount to bolster its finances, following a recent $2 billion capital injection from SoftBank Group. These funding efforts aim to alleviate financial strain from investments in Intel's contract manufacturing business, facing competition from Taiwan's TSMC. The U.S. government has shown interest in taking a stake in Intel through CHIPS Act grants. Intel's financial challenges include significant losses and limited AI chip industry presence.
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Intel disappointed investors. For corporate customers, it’s still good enough
Livemint
·
1y ago
Medial
Intel's recent poor quarterly earnings have raised concerns about the company's long-term future. The chip maker reported a loss of $1.6 billion for the second quarter and plans to lay off about 15,000 employees as part of cost-saving measures. Intel's struggles to keep up with other tech giants like Cisco, Microsoft, and Dell, and its lack of presence in the AI chip market, have left corporate technology chiefs questioning the company's viability. However, for now, Intel still dominates the PC and server market, and its brand is still recognizable and trusted.
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Intel results to spotlight new CEO Tan's strategy to reverse years of missteps
Economic Times
·
4m ago
Medial
Intel's results will reveal new CEO Lip-Bu Tan's strategy to reverse past missteps, amid declining sales and competition from AMD and Nvidia. Tan, facing U.S.-China trade tensions, aims to streamline operations and focus on manufacturing investments. Intel struggles in the AI market but hopes strategic changes will help. Despite anticipated revenue drops, the CEO’s plan includes optimizing leadership and production. Investors seek reassurance in Intel’s turnaround potential under Tan's guidance.
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Intel CEO Pat Gelsinger to pitch board on plans to shed assets, cut costs
Economic Times
·
12m 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 should have focused on AI rather than chipmaking, TSMC founder says
Economic Times
·
8m ago
Medial
Intel's focus on becoming a contract chipmaker rather than artificial intelligence may have been a misstep, according to Morris Chang, founder of Taiwan Semiconductor Manufacturing Co. While he was unsure why Pat Gelsinger left Intel, he suggested that the company needed a new strategy alongside a new CEO. Gelsinger's plan to regain Intel's leadership in chip manufacturing for other companies, known as "foundry," was not successful. Chang stated that AI should have been the primary focus instead. Intel has yet to announce a new strategy or CEO.
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Broadcom, TSMC eye possible Intel deals to split storied chipmaker
Economic Times
·
6m ago
Medial
Intel's chipmaking operations may face potential restructuring as rivals Broadcom and TSMC consider deals to split the company, according to the Wall Street Journal. Broadcom is exploring Intel's chip-design and marketing business, contemplating a partnership for its manufacturing division. Meanwhile, TSMC is evaluating a stake in Intel's chip plants. The discussions are preliminary and informal, with no collaborative efforts between Broadcom and TSMC. All companies involved have not commented on these developments.
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US defense department awards contracts to Google, Musk's xAI - The Economic Times
Economic Times
·
1m ago
Medial
The U.S. Department of Defense awarded contracts worth up to $200 million each to OpenAI, Google, Anthropic, and Elon Musk's xAI. These contracts aim to develop advanced AI capabilities to tackle national security challenges. The initiative, driven by a White House order, highlights AI's transformative impact on military operations. The contracts, including xAI's "Grok for Government" products, enhance AI use across federal agencies, addressing concerns about competitive AI contracting in government operations.
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President Trump calls Intel CEO a 'success' after meeting - The Economic Times
Economic Times
·
17d ago
Medial
Executive Lip-Bu Tan met President Trump after calls for his resignation over China ties. Following their discussion, Trump softened his stance, suggesting future cooperation. Despite calls for Tan's resignation over Chinese investments, the meeting focused on Intel's commitment to U.S. tech leadership. Although Intel faces challenges, Trump's reconsideration signals potential collaboration. Tan has publicly reaffirmed his commitment to U.S. priorities, addressing national security concerns related to Intel's leadership and his ties to China.
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