The Latest Breaking News from Patrick Gelsinger

OpenAI reportedly offered Intel a 15% stake for $1 billion and asked the chip maker to develop AI chips for its advances at cost. Intel turned down the offer because it did not believe in the technology's growth.

OpenAI is now worth about the same as the semiconductor company.

Intel suffered a massive financial loss in its recent reports, and the company has responded by announcing layoffs of 15% of its work layoffs.

It's no recall, but Intel is clearly feeling the heat by extending 13th and 14th Gen CPU warranties. This comes on the heels of a class action lawsuit investigation, which you can contribute to as an affected customer.

Intel could lose as much as $25 billion in market value today.

Intel announces job cuts, restructuring to save billion, focus on AI technology and domestic manufacturing for long-term success.

Intel's Lunar Lake may be expensive, but Intel 18A-based Panther Lake and Clearwater Forest processors look promising.

Disappointed with its financial performance, including drop in quarterly revenue, Intel announced drastic plans.

Update 08/02: Patrick Moorhead has published a further tweet, clarifying that "Pat [Gelsinger] didn’t tell me l that there were yield issues. This was *my* interpretation." The text of the article has been updated accordingly to reflect this tweet, as well as Intel statements about accelerating their Ireland Fab 34…