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
Qualcomm, the American tech company, has recently approached Intel regarding a potential takeover, according to a recent report by The Wall Street Journal.
Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled chipmaker, a source familiar with the situation said on Friday, in what could be a transformational deal in the sector but faces many hurdles
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.
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.
