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The Latest Breaking News from Patrick Gelsinger

Intel might receive multi-billion dollar 'equity-like' investment from alternative asset manager Apollo

Intel has been offered a serious cash injection from Apollo Global Management Inc., reports Bloomberg. According to the business-focused publication, and its people familiar with the matter, Intel could receive a multibillion-dollar equity-like investment from Apollo.

Tom’s Hardware

Is Beaten-Down Intel Stock a Buy on Foundry Spinoff Plans?

Down 58% in 2024, Intel stock might seem like an attractive buy for value-seeking investors. So, let's see if the tech stock is finally a good buy right now.

Barchart

Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans

“The most significant transformation of Intel in over four decades” includes $10 billion in cost cutting and foundry business spinoff.

TechRadar

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Intel's stock price surged 6% today (here is why)

Intel stock rallied after its latest plan.

The Street

Intel's financial crisis delays the development of mega fab factories in Poland and Germany despite heavy subsidies

Intel recently announced its plan to delay the construction of two mega chip-making factories in Germany and Poland. The chip maker attributed its decision to a lower demand for its chips than earlier anticipated.

Windows Central

Intel stock surges 14% after deal with AWS to produce AI chips

The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.

Fortune

Intel Stock Rises As Amazon, Feds Throw Lifelines To Troubled Chipmaker

Intel stock rose after the beleaguered chipmaker announced funding from the U.S. government and an alliance with Amazon Web Services.

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Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary

Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.

International Business Times

Intel CEO Pat Gelsinger's turnaround plan gets massive boost.

Intel's struggling to remain a chip leader, but it's not all bad news.

The Street

Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble

Bad news for Intel and Europe's chipmaking ambitions.

PC Gamer

U.S. Govt pushes Nvidia and Apple to use Intel's foundries — Department of Commerce Secretary Raimondo makes appeal for US-based chip production

Intel CEO Pat Gelsinger expressed his frustrations about American tech companies' use of TSMC for their chip requirements during a meeting with Secretary Raimondo. The latter then encouraged investors in private sessions to use American foundries for their chip-making needs.

Tom’s Hardware

Intel may lose billions of dollars once set aside by the US CHIPS Act, unless it can get its act together

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Windows Central

Nvidia is a bargain now that AI is going beyond the hyperscalers, says Goldman Sachs

The investment bank argues Nvidia is oversold, with the stock trading at a 2025 earnings multiple in the low 20s.

Fortune

Everyone assumes it's game over, but Intel's huge bet on 18A is still very much game on

The opportunity for Intel remains absolutely enormous.

PC Gamer

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PC Gamer

Looks like Intel has quietly killed the 20A process, announcing that no Arrow Lake chip will use its first Angstron Era node

The Intel 20A process seems like it's going to go down in history as purely a test platform for backside power and GAAFET.

Tom’s Hardware

Intel says defect density at 18A is 'healthy,' potential clients are lining up

Intel discloses defect density of 18A process technology for the first time, says clients are inclined to use it.

The Street

Intel shares are the Dow's worst performer this year and are the bellwether's lowest-priced stock.

Tom’s Hardware

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

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TechRadar

Intel CEO expected to pitch cost-saving measures to revive chip competition

In response to poor financial performance and competition from AMD and Nvidia, Intel might take more action.

PC Gamer

Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch

An action plan seems imminent for the beleaguered chip giant.

International Business Times

Intel CEO Wants To Slim Down Company, Cut Costs: Report

Pat Gelsinger will pitch the plan to the board of directors in the wake of last month's $1.6 billion quarterly loss, a source told Reuters.

The Street

Intel's future suddenly may be in doubt

What's ahead for the chip giant that Andrew Grove built.

International Business Times

Intel Considers Splitting Product-Design, Manufacturing Divisions: Report

The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.

Barchart

Intel Stock 2025 Forecast: Will INTC Recover and Go Back Up?

Intel stock fell to a decade low earlier this month after disastrous Q2 earnings. What's the 2025 forecast for Intel, and can the company recover from its lows?

Kiplinger

Intel Braces for an Even Tougher Road Ahead

Amid a long, costly turnaround, Intel resets expectations again. Its new woes raise questions about U.S. industrial policy and global chip competition.

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