Intel is looking for an investor that would acquire at least a minority stake worth billions for its Altera subsidiary, an abrupt about face from its prior messaging. Any deal would look to value Altera at least what the $16.7 billion that Intel paid for it in 2015.
Chip maker TSMC posted an earnings beat on Thursday, reassuring investors who were worried that the AI boom could be about to fizzle out.
Intel's China unit said on Thursday it has always prioritised product safety and quality, after an influential Chinese cybersecurity association called for a security review of the U.S. chipmaker's products sold in China.
In a statement, the CSAC alleged Intel's CPU chips contained vulnerabilities and security risks, and accused the company of threatening national security as well as consumer interests and rights. According to Daniel Newman, CEO of The Futurum Group, the accusations may be politically motivated and represent serious headwinds for Intel.
Mexico's deputy economy minister said on Wednesday that the Mexican government is in talks with General Motors, Foxconn, DHL, Stellantis and Intel to identify what products can be produced locally instead of imported from Asia.
Intel (INTC) reachead $22.31 at the closing of the latest trading day, reflecting a -1.54% change compared to its last close.
It seems as if a monster buyout of the company isn't happening anytime soon.
Christopher Danely, Citi semiconductor analyst, joins 'Power Lunch' to discuss Citi's negative call on Qualcomm.
Intel (INTC) shares fell Wednesday after a Chinese industry group said the chips that Intel sells in China should be reviewed for national security risks.
Qualcomm Inc. is likely to wait until after the US presidential election in November before deciding whether to pursue an offer to buy Intel Corp., people familiar with the matter said. Mandeep Singh of Bloomberg Intelligence discusses the potential deal.
Intel Corp. INTC and Micron Technology Inc. MU are going head-to-head in the semiconductor arena, but it looks like the battle lines are drawn in more than just the stock charts.
Products sold in China should be subject to a cybersecurity review, to safeguard the country's national security and consumer rights, according to an industry group.