The Latest Breaking News from Patrick Gelsinger

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.

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.

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

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.

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.

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

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.

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

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

Bad news for Intel and Europe's chipmaking ambitions.

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.