Dado Ruvic/Reuters Intel shares surged nearly 9% in pre-market trading on Friday as investors rallied behind CEO Lip-Bu Tan’s aggressive cost-cutting measures that helped the chip maker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth. The results mark a turning point for Intel, which has struggled to…
Intel has announced a new AI chip for the data centre that it plans to launch next year, in a renewed push to break into the AI silicon market. The new chip, a GPU, will be optimised for energy efficiency and support a wide range of uses such as running AI applications, or inference, Intel chief…
Intel plans to release technical details about its forthcoming chip for laptops, known as Panther Lake, on Thursday, four sources briefed on the plans have said. It is part of an effort to reassure investors about Intel’s first product made entirely using its next-generation manufacturing process called 18A, the sources said. The Panther Lake chips…
Intel has approached Apple about securing an investment in the struggling chip maker, Bloomberg News reported on Wednesday, citing people familiar with the matter. The iPhone maker and Intel have also discussed how to work more closely together, the report said, adding that the talks are at an early stage and may not lead to…
Intel, the once-dominant US company, has been left trailing in the fast-growing AI chip market. Nvidia has tabled a $5 billion investment in struggling rival Intel, a move that could reshape the balance of power in the global chip market. The deal, still subject to regulatory approval, comes as Intel battles declining market share and…
Dado Ruvic/Reuters Nvidia has announced it will invest US$5-billion in Intel, throwing its heft behind the struggling US chip company weeks after the White House engineered a deal for the US government to take a massive stake in the company. Nvidia’s support represents a new opening for Intel after years of turnaround efforts at the…
Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker, which took on the U.S. government as an investor last month. Nvidia is investing its stake at a price of $23.28 a share, a release from the company said. Intel…
U.S. taxpayers are now the largest shareholders in Intel. What comes next isn’t so clear. The Trump administration announced on Friday that the government had taken a 10% stake in the California-based computer chipmaker, which has fallen behind rivals Nvidia and AMD in the artificial intelligence race. Over the past five years, Intel’s share price…
Intel’s CEO Lip-Bu Tan speaks at the company’s Annual Manufacturing Technology Conference in San Jose, California, U.S. April 29, 2025. Laure Andrillon | Reuters Intel on Monday warned of “adverse reactions” from investors, employees and others to the Trump administration taking a 10% stake in the company, in a filing citing risks involved with the…
Dado Ruvic/Reuters US President Donald Trump is injecting nearly US$9-billion into Intel in exchange for a 9.9% equity stake. But the money — which the struggling chip maker was slated to receive anyway under a federal funding act — will not be enough for its contract chip-making business to flourish, analysts said. What Intel needs…
