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The Latest Breaking News from Patrick Gelsinger

"A very discourteous fellow." Intel's CEO made comments that blew a huge discount deal on TSMC chips, wiping the firm's profit margins according to this damning report.

Reuters is reporting that comments made by Intel CEO Pat Gelsinger blew up a long standing deal with chip manufacturer TSMC, obliterating Intel's margins in the process.

Windows Central

Intel's 'botched' $20 Billion NVIDIA acquisition shines a $3 Trillion light on the chipmaker's short-sightedness and missed opportunities in AI: "It would have been Intel's most expensive acquisition"

Intel reportedly almost bought NVIDIA for $20 billion in 2005 but its board of directors thwarted the plans because it would have been the firm's most expensive acquisition.

Windows Central

Intel CEO is "frustrated" with CHIPS Act payout progress — Intel has received $0 from the $8.5 billion that the US government promised

In an interview, Pat Gelsinger told the New York Times that he has been "frustrated with the process" of securing promised CHIPS Act funding. Biden's CHIPS Act promised $8.5b for Intel, but Intel has seen none of it so far.

Tom’s Hardware

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Intel's former CEO pushed for the chip maker to buy Nvidia for $20 billion in 2005—the GPU company is now worth $3.5 trillion

I don't think this so-called "Nvidia" will turn out to be much, anyway. Best left alone, I reckon.

PC Gamer

Intel names long-term successor to its process technology development chief

Navid Shahriari will succeed Ann Kelleher as head of process technology development.

Tom’s Hardware

Former Intel CEO Craig Barrett: Splitting up America’s leading chipmaker is a bad idea

'This simplistic solution ignores the existence of Moore’s Law—and would be bad for Intel and the United States.'

Fortune

What is Intel Panther Lake? Everything I know about the next-gen mobile processor

Intel is already giving us a glimpse at its next generation of Core Ultra 300 processors, codenamed Panther Lake. Details range from vague to rumored — so here's everything I know so far.

Windows Central

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“Rumors of my death are severely exaggerated” — Intel CEO assures users x86 is “thriving” as it finally partners with long-term rival AMD

New x86 Ecosystem Advisory Group looks to reassure users there is still a bright future for the technology.

TechRadar

"Is the x86 done? Well, I'll tell you, rumors of my death are severely exaggerated. We are alive and well, and the x86 is thriving." Intel CEO speaks on its collaboration with AMD

During Lenovo Tech World 24, Intel CEO Pat Gelsinger and AMD CEO Lisa Su came on stage at different points and discussed the collaboration headlined by the two chip manufacturers.

Windows Central

The creator of Moore’s law said it couldn’t ‘continue forever’—and would be astounded by the chips Intel and its competitors are making now

The creator of Moore’s law acknowledged it couldn’t “continue forever“—but underestimated how human ingenuity keeps powering advances.

Fortune

Why Intel is late to the AI game

CEO Pat Gelsinger is racing to reposition the company.

Fortune

Despite Intel's woes, the U.S. remains the revenue leader of the semiconductor industry

With $264.6 billion in 2023 sales, the U.S. semiconductor industry remains the largest on the planet, and this will not change anytime soon.

Tom’s Hardware

Intel isn't just a company in decline—it's a corporate actor on the geopolitical stage

Investors, Wall Street analysts, competitors, suppliers, and customers must face a new reality: Intel is no longer a conventional company and can no longer be evaluated as one.

Fortune

Intel's years of missteps leave it fighting for survival in the Nvidia-dominated AI era

The once-dominant chipmaker missed the rise of artificial intelligence and is now a potential takeover target.

Fortune

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Tom’s Hardware

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.

Barchart

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.

TechRadar

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.

Windows Central

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.

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Fortune

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.

Investors Business Daily

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.

International Business Times

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.

PC Gamer

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.

Tom’s Hardware

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.

Windows Central

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.

Fortune

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.

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