The Latest Breaking News from INTC

3 No-Brainer Semiconductor Stocks to Buy Instead of NVIDIA

Slowing demand in the PC market and deepening supply chain constraints worldwide have affected the sales of prominent semiconductor chipmaker NVIDIA (NVDA), making its overvalued stock susceptible to a price pullback. However, innovations in the chip manufacturing process, rising corporate and government investments to ramp up production, and an overall…

StockNews.com · Apr 11, 2022

5 Best Mega-Cap Stocks in the Tech Sector to Buy in April

The stock market began the week on a positive note, with traders buying technology shares, shrugging off concerns about an impending recession. This activity has been driven in-part by the decline in stock valuations in the first quarter, which provides an attractive tech-buying opportunity. Hence, we think mega-cap tech stocks…

StockNews.com · Apr 5, 2022

Intel CEO Looks To Meet TSMC On His Asia Visit To Meet Customers, Suppliers

Intel Corp (NASDAQ:INTC) CEO Pat Gelsinger is visiting Asian customers and suppliers in Japan, Taiwan, and India, Bloomberg reports. Gelsinger also looks to meet leading contract chipmaker and client Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM). Intel depends on Tokyo Electron Ltd (OTC:TOELY) for chipmaking equipment. Also Read: Nvidia Weighs Intel As Chip Making Foundry, Intel Shares Its Ambitious…

Benzinga · Apr 5, 2022

Nvidia Weighs Intel As Chip Making Foundry

NVIDIA Corp (NASDAQ:NVDA) looked to explore Intel Corp (NASDAQ:INTC) as a foundry for making its chips, Reuters reports citing CEO Jensen Huang.  “They’re interested in us using their foundries. We’re very interested in exploring it,” Huang said. However, foundry discussions take a long time as it’s about integrating supply chains and not like “buying milk.”…

Benzinga · Mar 23, 2022

Germany Could Offer Intel €5B Subsidy For €17B Chip Plant: Bloomberg

Germany looks to offer Intel Corp (NASDAQ:INTC) with a grant of over €5 billion ($5.5 billion) in public funds to build a massive semiconductor plant, Bloomberg reports. The final subsidy is subject to the approval of the European Commission. Related Content: Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg Intel looks…

Benzinga · Mar 16, 2022

Intel Shares Its Ambitious EU Expansion Plans

Intel Corp (NASDAQ:INTC) announced the first phase of its plans to invest up to €80 billion in the EU over the next decade. Intel plans to invest €17 billion into a leading-edge semiconductor fab mega-site in Germany, a new R&D and design hub in France, and R&D, manufacturing, and foundry services in Ireland,…

Benzinga · Mar 15, 2022

3 Top Rated Semiconductor Stocks with Dividend Yields More Than 3%

Despite the burden of escalating global tensions on investor sentiment, the semiconductor sector continues to thrive because the demand for semiconductor chips in electric vehicles and other consumer electronics is robust. So, we think high-yielding semiconductor stocks Intel (INTC), ASE Technology (ASX), and ChipMOS (IMOS) could be great bets now…

StockNews.com · Mar 8, 2022

5 U.S. Semiconductor Stocks to Buy on Biden Push for $50 Billion in Government Subsidies

The U.S. semiconductor industry has been gearing up for an impressive rebound with the continued increase in demand and robust federal investments to ramp up production. Therefore, it could be wise to bet on quality semiconductor stocks Intel (INTC), Micron Technology (MU), ON Semiconductor (ON), Rambus (RMBS), and SMART Global…

StockNews.com · Mar 7, 2022

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…

Benzinga · Mar 7, 2022

Here's Why Morgan Stanley Prefers Globalfoundries Over Intel

Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ:GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside).  Moore downgraded Intel Corp (NASDAQ:INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the…

Benzinga · Mar 3, 2022