Nvidia Corp. (NVDA.O) said on Thursday it will invest $5 billion in Intel Corp. (INTC.O) and jointly develop chips for personal computers and data centers, a surprise move that sent Intel shares surging 22.8% to $30.57 — their best single-day gain since October 1987. The deal marks a strategic pivot for both companies, with Nvidia…
Tag: Intel
Stocks fall as tech slide deepens, Fed minutes signal inflation concerns
Dow Jones edges lower as tech rout deepens, Fed minutes stir rate cut debate Wall Street closed lower on Wednesday as investors pulled back from high-flying technology stocks for a second consecutive session, while digesting mixed retail earnings and the Federal Reserve’s latest meeting minutes. The Nasdaq Composite fell 1%, weighed down by steep losses…
Wall Street slips as investors eye retail earnings, Fed symposium
Dow Jones slips from record highs as investors await retail earnings and Fed signals NEW YORK: U.S. stocks edged lower Monday as investors turned cautious ahead of key earnings reports from major retailers and the Federal Reserve’s annual symposium in Jackson Hole, Wyoming. The Dow Jones Industrial Average fell 47.13 points, or 0.11%, to 44,898.43….
RealSense spins out from Intel, raises $50 million Series A funding to advance AI-powered robotics
RealSense spins out from Intel and secures $50 million in Series A funding to advance AI-powered robotics, biometrics, and computer vision technologies.
Intel to sell majority stake in Altera to Silver Lake for $8.75 billion
Key Details: – Deal Structure: Intel will sell 51% of its Altera business to private equity firm Silver Lake, valuing Altera at $8.75 billion. – Ownership Post-Deal: Intel retains 49% ownership. – Leadership Change: Raghib Hussain (current Altera executive) will succeed Sandra Rivera as CEO on May 5, 2025. – Expected Close: Second half of…
Intel Announces New Edge Platform for Scaling AI Applications
Edge computing is the next frontier of digital transformation, where data is generated and processed closer to the source. Many edge applications require advanced AI analytics to automate tasks, improve efficiency, and deliver new services. However, building and managing edge AI solutions can be complex and challenging due to the diversity of hardware, software, and…
Intel Unleashes 2.7x Performance per Rack Improvement for 5G Core
How Intel Xeon Next-Gen Processors and Intel Infrastructure Power Manager Software Boost 5G Core Efficiency and Sustainability Intel has announced two major updates to help network operators scale their 5G core networks with energy efficiency and lower TCO: the preview of Intel Xeon next-gen processors, code-named Sierra Forest, with up to 288 Efficient-cores (E-cores), and…
Intel and Cadence join forces to boost AI, HPC and mobile computing
Intel Foundry Services (IFS) and Cadence Design Systems, Inc. have announced a multiyear strategic agreement to jointly develop a portfolio of key customized IP, optimized design flows and techniques for Intel 18A technology, which features advanced transistors and power delivery methods. The partnership aims to help customers accelerate their system-on-chip (SoC) projects and achieve optimal…
Schneider Electric, Intel and Red Hat launch new software framework for industrial control
Schneider Electric, the leader in the digital transformation of energy management and automation, has teamed up with Intel and Red Hat to release a new software framework for industrial control. The Distributed Control Node (DCN) software framework is an extension of Schneider Electric’s EcoStruxure™ Automation Expert that allows industrial companies to enhance their operations, ensure…
Cirrus Logic, Intel, and Microsoft announce design to enable high performance PCs
A new reference design from Cirrus Logic, Intel and Microsoft aims to enable “cool, quiet and high-performance” PCs with improved audio quality and efficiency. The reference design features Cirrus Logic’s CS35L56 smart amplifier and CS42L43 SmartHIFI codec, which are optimized for the MIPI SoundWire® interface (1.2.1 specification), a new audio standard that simplifies the integration…
Intel launches new AI chips to challenge Nvidia and AMD
Intel announced a new lineup of computer chips on Thursday, including Gaudi3, a chip designed for generative AI software. Gaudi3 will compete with Nvidia and AMD’s chips that power large and complex AI models, such as OpenAI’s ChatGPT. Intel CEO Pat Gelsinger said at a launch event in New York that generative AI was the…
Intel abandons $5.4 billion deal to buy Tower Semiconductor
Intel Corp, the world’s largest chipmaker, has decided to drop its $5.4 billion deal to acquire Tower Semiconductor Ltd, an Israeli contract chipmaker, after failing to get regulatory approval from China, Reuters reported on Tuesday. Intel, which announced the deal to buy Tower in February 2022, did not receive clearance from Chinese regulators by the…