Tag: $Intel Corp.

The government is betting on Intel to help the U.S. become more self-sufficient at making advanced semiconductors.

The Biden administration is in talks to confer more than $10 billion in subsidies to Intel Corp., people familiar with the matter said, in what would be the largest award yet under a plan to bring semiconductor manufacturing back to US soil.

Intel issued an outlook for the first quarter of 2024 that lagged analyst estimates.

Israel’s government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday, in what is the largest investment ever by a company in Israel.

Intel reported third-quarter earnings on Thursday that beat expectations for profit and sales, even as its revenue declined from the year-earlier period.

Intel said it will treat its Programmable Solutions Group as a standalone business, with the goal of conducting an IPO for the unit in the next two to three years.

Intel Corp. was slapped with a fresh €376.36 million ($400 million) fine by European Union antitrust regulators after an EU court had wiped out a one-time record €1.06 billion penalty against the chipmaker.

Intel on Wednesday terminated its acquisition of Israeli chipmaker Tower Semiconductor, saying it failed to secure the required regulatory approval.

Intel and Synopsys announced on Monday that the two companies have agreed to expand a strategic partnership in which Intel’s foundry customers will be able to license intellectual property from Synopsys.

Intel reported second-quarter earnings on Thursday, showing a return to profitability after two straight quarters of losses and issuing a stronger-than-expected forecast.

The Israeli government on Sunday said Intel was investing $25 billion to manufacture semiconductors in the country, just days after the chip maker announced a new facility in Poland.

Intel said it plans to invest up to $4.6 billion to build a semiconductor assembly and test facility in Poland, with the plant helping “meet demand for assembly and test capacity anticipated in coming years.”

The investor frenzy over artificial intelligence may reach a crescendo yet with the initial public offering of Arm Holdings. There are signs that the high-tech chip designer is readying for a listing as the market reaches peak hype.

Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday.