Intel has announced on April 14, that it will sell a 51 percent stake in its Altera semiconductor division to private equity firm Silver Lake, in a deal that values the business at $8.75 billion.
Intel's newly appointed CEO, industry veteran Lip-Bu Tan, is set to receive a base salary of $1 million, with the potential to earn up to $2 million in bonuses each year, according to a regulatory filing. Additionally, he is eligible for about $66 million in stock options and grants tied to his performance over the next few years.
Intel, the US-based chipmaking giant, has named industry veteran Lip-Bu Tan as its new CEO, effective March 18. The appointment comes as Intel seeks to recover from one of its most challenging periods, marked by declining market share, falling stock prices, and intense competition in the semiconductor industry.
Intel CEO Patrick Gelsinger has stepped down after less than four years, as the company struggles to compete with industry leaders like Nvidia and TSMC. The decision followed a board meeting where directors expressed concerns about the slow progress of Gelsinger’s turnaround plan.
The US Commerce Department has finalised a $7.86 billion government subsidy for Intel, down from an earlier $8.5 billion figure announced in March, as per a recent report by Reuters.
The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.
Here is a brief look at the key moments in Intel's history, including notable milestones the chip production company has accomplished in a given year.
The semiconductor industry stands at a pivotal moment in its history, with Taiwan Semiconductor Manufacturing Company (TSMC) and Intel competing for dominance in advanced chip manufacturing. Let's take a look at how these two companies are battling for the ultimate chip supremacy.
Intel and the US government will likely finalise $8.5 billion in direct funding for the chipmaker before the end of the year, the Financial Times reported on Friday, citing people familiar with the discussions
Recognised for premiering innovative consumer technology on the global stage, the Consumer Electronics Show (CES) stands as one of the most influential tech events worldwide. This year, held from January 9 to 12 in Las Vegas, USA, CES 2024 has already showcased a variety of unique gadgets. Here are some of the coolest gadgets that caught our eyes in CES 2024 so far.
Intel Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business
Since introducing a performance hybrid architecture, Intel has consistently raised the bar for desktop performance. The latest Intel desktop processors offer higher frequencies, better performance for single and multi-threaded tasks, and industry-leading overclocking capabilities.
American chip-making giant Intel recently announced that it will increase prices on a majority of its microprocessors and peripheral chip products later this year.
During its Computex 2016 keynote address Intel showed that its future lies in offering consumers and companies more bang for their bucks, with its most efficient, affordable Apollo Lake processors or its first ever 10-core processors built for ‘mega-tasking gamers and filmmakers.
Intel is cutting 12,000 jobs — about 11 percent of its workforce — as it reorganizes to confront a decline in sales of personal computers.
Intel launches its latest range of processors; codenamed Skylake, targeting everything from high-powered gaming rigs to computers the size of a USB stick and smartphones.
The US government has refused to let Intel help China update the world's biggest supercomputer due to concerns about its nuclear research.
