Catenaa, Tuesday, February 18, 2025 – Broadcom and Taiwan Semiconductor Manufacturing Co. (TSMC) are exploring separate deals that could split Intel Corp., the Wall Street Journal reported. The chip-making giants are reportedly considering moves to divide Intel’s operations. Broadcom is eyeing Intel’s chip design and marketing business, while TSMC is exploring a potential stake in […]
Catenaa, Tuesday, December 03, 2024-Pat Gelsinger, CEO of Intel since 2021, resigns following a challenging tenure marked by production delays, declining stock performance, and missed opportunities in artificial intelligence (AI) technologies. Gelsinger, once seen as the company’s turnaround hope, resigned effective December 1, leaving the company to interim co-CEOs David Zinsner and Michelle Johnston Holthaus. […]
Catenaa, Friday, April 25, 2025- Intel Corporation posted a revenue of $12.7 billion, flat year-over-year in the first quarter, and offers a gloomy outlook for the next quarter with reduced revenue expectation. Intel on Thursday said that its first quarter earnings per share was recorded at $0.13 beating market estimate of $0.12. The chipmaker forecasts […]
Catenaa, Monday, April 14, 2025– Intel has agreed to sell a 51% stake of Altera programmable chip to Silver Lake for $4.46 billion, to cover losses by selling non-central businesses and assets. The deal, announced on Monday, values Altera at $8.75 billion, a sharp decline from the $17 billion Intel paid in 2015. Intel will […]
SANTA CLARA, Calif. Tuesday, April 09, 2024 – Intel Corporation’s chipmaking business, the Client Computing Group (CCG), reported a significant operating loss of $7 billion in 2023, according to a Reuters report on April 9, 2024. This figure marks a substantial increase from the $5.2 billion loss recorded in 2022. The current predicament of the […]
Catenaa, Thursday, March 13, 2025- Taiwan Semiconductor Manufacturing Co. (TSMC) has pitched a joint venture to US chipmakers Nvidia, AMD, and Broadcom to manage Intel’s foundry division, sources told Reuters. Under the plan, TSMC would oversee operations but hold no more than a 50% stake. Qualcomm has also been approached, sources said. The talks, still […]