Almost a year since spinout was first announced

Former CEO Pat Gelsinger amongst executives named in the case

Two interim CEOs have been appointed until a replacement is found

Company will receive $7.9bn

System is set to go live in July 2025

Ministers undecided about how the funds should be reallocated

Has three R&D centers in the middle eastern nation

Results a “good step” says CEO, despite largest-ever loss

Will also establish customer solutions center at the site

Part of a broader plan to cut 15,000 jobs

Linus Torvalds and Tim Sweeney join biggest tech names

Company said product unit was not for sale

Troubled chipmaker is attracting interest

Handing a crucial lifeline to the beleaguered chipmaker

Chipmaker lost $1.6bn in Q2, will spin off foundry business

Advanced chips will be used for US defense operations

Job cuts at odds with CHIPS Act aim of growing semiconductor workforce

Chipmaker Broadcom reportedly unsatisfied with results of Intel’s 18A manufacturing process

Could include proposal to shed Altera chip unit or shelve German chip fab

First cloud service provider to adopt Gaudi 3

Chipmaker also looking to fend off potential activist campaign from investors

Japanese conglomerate wants to enter the AI chip space

Sales comes weeks after Intel posted Q2 2024 financial woes

One of the final nodes in company’s '5 Nodes in 4 Years' roadmap