Intel Foundry unit posts $2.5bn operating loss for Q1 2024
But CEO Pat Gelsinger says company is “right on track”
But CEO Pat Gelsinger says company is “right on track”
Claims new AI accelerator provides 50 percent better inference than Nvidia H100
Updates financial reporting structure to increase transparency
President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal
Announcements were made at the first Intel Foundry Direct Connect in San Jose, California
Site is not expected to be completed until 2026
Brings the total layoffs by Intel in the state to more than 1,700 this year
Company hopes that this is rock bottom
And company announces collaboration with Arm on SoC design
"We stumbled," Intel CEO admits, warning of more stumbling
Randhir Thakur leaves amid wider company cuts
Employees will find out what's happening next month, with thousands at risk
In a terrible quarter for the chip giant
Details are light, and talks may not lead anywhere
Facility is used to create the baseline manufacturing technology that it uses around the world
Gaining a greater share of the older, bigger node business
As it expands its third party foundry business
This would make it the world's fastest supercomputer
Company claims it has 70 proposals for sites across Europe
Will build a semiconductor plant just for the automotive industry
This may be IFS' largest contract to date
But some fear an overcorrection could lead to a semiconductor glut
IFS off to a strong start as Intel announces ambitious goals
Top down change to help slow the decline
But claims it will pick up next quarter
It's going to get a little better, but the problem won't go away for a while
Dell gets $10 billion, and stock goes up