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Intel to spin off its chip foundry
Intel's Foundry Finally Has Some Good News. Has the Chipmaker Learned Its Lesson?
The Intel bulls have been a bit desperate for some good news to counter all the negativity for some time now. They recently got some in the form of two new announcements about Intel's foundry division. The news sparked a 9.2% jump in the stock price over two days (Sept. 16-17).
Is Beaten-Down Intel Stock a Buy on Foundry Spinoff Plans?
While the broader Dow Jones Industrial Average ($DOWI) is trading at all-time highs, semiconductor giant Intel (INTC) is trailing the broader markets by a wide margin. The tech stock is down 70% from all-time highs after falling close to 58% in 2024.
Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble
With plans to trim $10 billion from its budget, Intel is halting plans to build a cutting-edge foundry in the green fields of Magdeburg, Germany for around two years. The facility was originally intended to start construction in 2023, with production beginning in late 2027.
1d
You’ll Wish You Hadn't Ignored Intel Stock
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
1h
Intel: A Perfect Example Of Why 'Cheap' Doesn't Always Mean 'Buy'
Intel appears extremely cheap, trading below book value, but lacks the necessary catalysts to justify an investment. See why ...
TweakTown
2d
Intel announces major changes ahead: manufacturing, job cuts, prioritizing x86 CPU business
Intel
was also awarded up to $3 billion in direct funding under the CHIPS and Science Act for the US government's Secure ...
In Depth
3d
In Depth
Exclusive: How Intel lost the Sony PlayStation business
SAN FRANCISCO, Sept 16 (Reuters) - Intel (INTC.O) lost out on a contract to design and fabricate Sony’s PlayStation 6 chip in ...
The Tech Report
2d
Intel Shares Surge 6% Following Plans to Separate Its AI Chip Manufacturing Subsidiary
Intel
has disclosed plans to separate its AI chip
manufacturing
subsidiary,
Intel
foundry business, to function ...
3d
Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design
Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.
2d
on MSN
Intel, once a Silicon Valley star, has been floundering. Now it's mounting a turnaround.
The Silicon Valley chip giant has been in freefall this year, pushing CEO Pat Gelsinger to unveil a turnaround plan for the ...
3d
on MSN
Biden administration awards Intel up to $3 billion under the Chips Act
Harris Administration awarded Intel up to an additional $3 billion under the CHIPS Act, announced in a press release on ...
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