The Latest Breaking News from Patrick Gelsinger

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…

Intel Corporation (NASDAQ: INTC) CEO Patrick Gelsinger took aim at Bitcoin’s (CRYPTO: BTC) detrimental impact on the environment.

Intel Corp expects its profit margin to drop this year and then be steady for several years as it invests in new technologies and factories to meet rising chip demand, but added it forecasts climbs from 2025. Intel Chief Executive Pat Gelsinger also said Intel would be interested in participating…

Intel on Wednesday said 2021 was a record year for sales at the chipmaker as it navigated unprecedented demand and supply chain constraints. The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted. "The fourth quarter represented a…