Intel to spin off networking unit in latest streamlining effort
Intel is set to spin off its networking and communications business, Network and Edge Group (NEX), as a standalone entity.
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Tag: Intel
Lundmark out as Nokia targets AI and data centres for much-needed growth
News Nokia’s current CEO, Pekka Lundmark, is stepping down from the role after five years in the...
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Intel CEO Pat Gelsinger announces shock retirement
News Gelsinger has spent more than 40 years at the company Intel has announced that CEO Pat...
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Intel presses pause on European chip fabs
US chipmaker Intel has said it will pause its plans for new chip factories in Germany and Poland for two years, citing lower-than-expected demand and financial pressures.
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Intel cuts 15,000 jobs as it seeks $10bn cost savings
Intel has this week revealed that it is laying off over 15,000 workers, saying it will cut 15% of its workforce in efforts to streamline the business.
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US govt allocates $285m for chip-focussed digital twins institute
This week, the US government has announced that it is seeking proposals from companies to establish and operate a new CHIPS Manufacturing USA institute focused on digital twins for the semiconductor industry.
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China-US tit for tat sees China ban Intel and AMD chips from government hardware
With sanctions showing little signs of abating and domestic chip capabilities expanding, China is preparing to take the next step on its quest for self-sufficiency, announcing that government computers will no longer make use of US technology.
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Japanese government pledges $307m to NTT, Intel, and SK Hynix for chip project
Today, the Japanese government has announced it will provide roughly $307 million in subsidies for a semiconductor project backed by NTT, Intel, and SK Hynix
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Intel to sell minority stake in IMS Nanofabrication to TSMC
News Intel initially invested in IMS in 2009 before acquiring it in 2015 Intel has announced...
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Friday financial roundup
News A summary of all the essential financial news in the telecoms world this week Vodafone...
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Intel cancels $5.4bn acquisition of Tower Semiconductor
News The deal, announced in February this year, had a deadline of 15th August Intel has mutually...
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Intel and Ericsson partner on 5G custom chip
News The two firms have been in partnership for nearly ten years developing network equipment,...
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CHIPS Act subsidy criteria spooks chipmakers
News With the cost of launching new chip fabs in the US ballooning alongside inflation,...
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TSMC to pump $40bn into Arizona chip fab
News The world’s largest chipmaker is set to more than triple its previously announced $12 billion...
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