Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion. IMS is a global market leader for multi-beam mask writers, which are critical equipment for the semiconductor industry. IMS…
Tag: Intel
Intel Announces $4.6 Billion Investment in Semiconductor Facility in Poland
Intel, the U.S. chipmaker, has revealed its intention to invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland. This announcement comes as part of Intel’s ambitious multi-billion-dollar investment campaign across Europe, aimed at expanding chip capacity within the region. The move aligns with the European Commission’s efforts to…
Intel Corp to Sell $1.5 Billion Stake in Mobileye Global Inc
Intel Corp, the multinational technology company, has filed a regulatory document indicating its plan to offer 35 million shares of Class A common stock in Mobileye Global Inc. The stake sale is expected to amount to approximately $1.5 billion, according to the filing submitted on Monday. Following the completion of the offering, Intel’s voting share…
Intel and Alphawave announce partnership for IFS
LONDON, UK: Alphawave IP (LON: AWE) has entered a partnership with Intel Foundry Services (IFS). Under the partnership, Alphawave IP has joined the IFS Accelerator – IP Alliance as an anchor member, focused on providing leading-edge connectivity solutions for mutual customers with IFS. Tony Pialis, President and Chief Executive Officer of Alphawave stated, “The leadership…
Intel appoints Saf Yeboah-Amankwah as Senior Vice President and Chief Strategy Officer
SANTA CLARA: Intel Corporation has announced the appointment of Safroadu (Saf) Yeboah-Amankwah as senior vice president and chief strategy officer, effective November 1, 2020. Yeboah-Amankwah will be responsible for the global strategy office, including Intel Capital, and will work with the executive team on developing and driving growth-oriented strategies. Yeboah-Amankwah will report to CEO Bob…
Intel initiates $10 billion accelerated share repurchase agreements
SANTA CLARA: Intel Corporation is entering into accelerated share repurchase (ASR) agreements to repurchase an aggregate of $10 billion of Intel’s common stock, a news release said. Following completion of these agreements, Intel will have repurchased a total of approximately $17.6 billion in shares as part of the planned $20 billion share repurchases announced in…
Intel deploys new executive team to lead company’s technology organization
SANTA CLARA: Intel CEO Bob Swan announced changes to the company’s technology organization and executive team to accelerate product leadership and improve focus and accountability in process technology execution. Effective immediately, the Technology, Systems Architecture and Client Group (TSCG) will be separated into the following teams, whose leaders will report directly to the CEO: Technology…