Intel Corporation (INTC)
Markets Mixed Ahead of Latest Fed Meeting
A co-investment between microchip giant Intel (INTC) and cloud services giant AWS (AMZN) was announced this afternoon, pushing INTC shares up +8%.
Why Intel's latest move for its foundry business is so significant
Intel Corp.'s plans to create an independent subsidiary for its foundry business was a much-needed move aimed at convincing potential customers that they can trust their chip designs with a competitor's manufacturing arm.
Intel's Latest Plans Send Its Stock Soaring—What You Need To Know
Intel (INTC) shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the chipmaker's plans to cut costs and bolster its business, with investors awaiting signs of a turnaround for its stock.
Germany's coalition argues over Intel subsidies in new budget dispute
A new budget dispute emerged within Germany's ruling coalition on Monday, with the finance ministry saying funds no longer needed to subsidize Intel's new chip-making plants should be used to balance the books and the economy ministry pushing back.
S&P 500 Gains and Losses Today: Intel Surges on Deal To Produce Military Chips
Major U.S. stock indexes were mixed on Monday as the Federal Reserve prepares for its meeting this week, with a crucial decision on interest rates due Wednesday. With near certainty that policymakers will begin a rate-cutting cycle, the magnitude of the first rate reduction remains in question.
Biden administration awards Intel up to $3 billion under the Chips Act
Intel is building foundry plants in four states as part of its project to increase domestic semiconductor manufacturing for other suppliers. In March, the Biden administration awarded Intel with up to $8.5 billion under the CHIPS and Science Act.
Intel Leads S&P 500 Monday, And Keeps Running Late; Apple Chipmakers Are Biggest Losers
Dow Jones tech giant Intel led the S&P 500 Monday, and kept running late. Apple chipmakers Qorvo and Skyworks sold off on iPhone 16 concerns.
Intel and AWS to expand strategic collaboration on chip manufacturing
Intel and Amazon's AWS said on Monday they would expand their collaboration, including a co-investment in custom chip designs, under a multi-year, multi-billion-dollar framework.
Intel stock jumps on plan to turn foundry business into subsidiary and allow for outside funding
Intel said Monday that it's creating a separate entity for its foundry business, a structure that could allow it to raise outside funding. The chipmaker has spent roughly $25 billion on the foundry business the past two years.
Intel CEO Lays Out New Steps to Cut Costs and Bolster Chip-Making Division
Intel INTC 6.36%increase; green up pointing triangle said it would further separate its chip-manufacturing and design operations as part of a new raft of measures to weather one of the most significant crises in its five-decade history.
Intel: The Night Looks The Darkest Before The Dawn
Intel's financial decline stems from past decisions and delays in advancing chip manufacturing technology, leading to a significant decline in stock price and market position. The hope for recovery lies in the Intel 18A node, which promises substantial improvements in technology and margins, potentially launching in 2025. Despite challenges, Intel's strategic importance to the US economy and potential government incentives offer a cushion against complete failure.
Intel's stock is shrugging off the chip sector's weakness. Here's why.
Intel says a new $3 billion government deal reflects the “continued progress” of its foundry business.
