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Intel CEO Pat Gelsinger has defended the company's plan to become a chipmaker for hire after the company's profits plunged 134 percent year over year and it recorded a $2.8 billion loss during the first quarter of 2023. Intel has traditionally built fabrication plants to manufacture its own chips, but has seldom built silicon for third parties. Gelsinger reversed that policy, deciding that Intel must develop a substantial foundry business. "While everyone understands that we are establishing an internal foundry model, I'm not sure we have fully explained the importance and impact of this change," he said, insisting that hiring...

Thursday was another rough day for the semiconductor space as most of the biggest US-traded chipmakers traded in the red as the global chip shortage overshadowed what ended up being a solid earnings report from TSMC (which also affirmed plans to expand its production capacity in the US and Japan). But even bigger news concerning the troubled semis space broke Thursday evening when WSJ reported that Intel has agreed to the biggest acquisition in its half-a-century existence. According to the American business broadsheet of record, Intel has agreed to buy chip fabricator GlobalFoundaries for $30 billion. Most importantly, the deal...

Nvidia just made some MASSIVE announcements in terms of ARM-based computers, so they're now joining Apple and AMD in the fight against Intel and their x86-based chips.

(A half-decent column by MrArbitrage) "...It reminds me of a scene from the cult classic film “This is Spinal Tap” where Nigel, the heavy metal guitarist is showing off his custom Marshall amplifier to the interviewer (Rob Reiner). As Nigel boasts about how other amplifiers only go to 10 while -his- goes to 11. Reiner asks “Nigel” the question...".

When it comes to investing, I'm a contrarian at heart. I'm also a cheapskate, generally more interested in stocks trading at low multiples than those with forecasted earnings-growth estimates that have catapulted investor expectations to infinity and beyond. Don't get me wrong: If you're the Buzz Lightyear type, you should certainly check out the likes of Intel (Nasdaq: INTC) and Sony (NYSE: SNE). Each sports a five-year earnings-growth forecast of 15% or higher -- and a price-to-earnings ratio (P/E) that surpasses the broader market's average. Qualcomm (Nasdaq: QCOM) makes the cut, too. Deep discounts If, however, you're mainly an investor...

SAN JOSE, Calif. - Intel Corp. has designed a computer chip that promises to perform calculations as quickly an entire data center — while consuming as much energy as a light bulb. The world's biggest chipmaker said Sunday it developed a programmable processor that can perform about a trillion calculations per second, or deliver a performance of 1.01 teraflops. It accomplishes this feat while consuming 62 watts of power when the chip is running at a frequency of 3.16 gigahertz.A similarly powerful supercomputer in 1996 at Sandia National Laboratories took up more than 2,000 square feet, used nearly 10,000 Pentium...

Revenue Expected to be Between $9.2 Billion and $9.4 Billion SANTA CLARA, Calif., March 10, 2005 -- Intel Corporation expects revenue for the first quarter to be between $9.2 billion and $9.4 billion, as compared to the previous range of $8.8 billion to $9.4 billion. The first-quarter gross margin percentage is expected to be approximately 57 percent, plus or minus a point, as compared to the previous expectation of 55 percent, plus or minus a couple of points, primarily due to lower than expected 65nm start-up costs and microprocessor unit costs. All other expectations are unchanged. This Business Update is...

SAN FRANCISCO (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's largest chip maker, is offering U.S. states the promise of dollars of capital investment in exchange for an overhaul of their tax laws, which it says are making the United States less competitive than other regions of the world. The Santa Clara, California-based company is now heavily lobbying officials in Arizona and Oregon for tax cuts that could save the company tens of millions of dollars a year in property and income taxes. At the same time, executives have begun speaking out more forcefully about the lure of China,...