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Top related persons:
Pat Gelsinger's - 2 Stephen Nellis - 2 Dado Ruvic - 1 Sandra Rivera - 1 Rivera - 1 Michael Ashley Schulman - 1 Samrhitha - 1 Shilpi Majumdar - 1
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4 mentions found


☆ Intel to spin out programmable chip unit, hold IPO; shares rise 2%
  + stars: | 2023-10-03 | by ( Stephen Nellis Samrhitha A | Stephen Nellis | Samrhitha A | ) www.reuters.com   time to read: +2 min
A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Programmable chips sit between Intel's general purpose chips and chips that are designed for a single task and used in everything from encrypting data to 5G wireless telecommunications equipment. Intel said Sandra Rivera, an Intel veteran, will oversee the new unit, which will keep using Intel's factory to make its chips. Programmable chips are used in defense applications such as fighter jets. The deal follows Intel's earlier moves to sell its memory chip unit to SK Hynix and take public part of its Mobileye self-driving car chip unit.
Persons: Dado Ruvic, Sandra Rivera, Rivera, Pat Gelsinger's, Michael Ashley Schulman, Stephen Nellis, Samrhitha, Shilpi Majumdar, David Gregorio 私 たち Organizations: REUTERS, Intel, Nvidia, Devices, SK Hynix, Taiwan Semiconductor Manufacturing, Running, Capital Advisors Locations: Taiwan, North America, San Francisco, Bengaluru
☆ Intel, Ericsson to work together on custom 5G chip
  + stars: | 2023-07-25 | by ( Stephen Nellis | ) www.reuters.com   time to read: +1 min
July 25 (Reuters) - Intel Corp (INTC.O) on Tuesday said that it will work with Swedish telecommunications gear maker Ericsson (ERICb.ST) to make a custom chip for Ericsson's 5G networking gear, using the most advanced manufacturing technology Intel has disclosed. Intel has lost its lead in manufacturing the smallest and most power-efficient semiconductors to rivals such as Taiwan Semiconductor Manufacturing Co (2330.TW). A key piece of Intel Chief Executive Pat Gelsinger's plan announced in 2021 to regain that lead and turn the company around has been to pack five generations of chip manufacturing advances into four years. Intel said that the new Ericsson chip will use Intel's "18A" manufacturing technology and is among the first chips from outside customers that Intel has will use the technology. Intel and Ericsson did not provide details on when the chip will hit the market, but Intel has previously said that its 18A manufacturing technology will be ready by 2025.
Persons: Pat Gelsinger's, Stephen Nellis, Nick Zieminski Organizations: Intel Corp, Ericsson, Intel, Taiwan Semiconductor Manufacturing, San, Thomson Locations: Swedish, San Francisco
☆ Intel climbs as Wall St cheers early signs of recovery
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +2 min
TD Cowen analysts said the company "was not out of the woods yet but this was a starting point." Intel's market capitalization is set to rise by nearly $8 billion to more than $130 billion, if premarket gains hold. "We see gross margin pressured for the foreseeable future reflecting aggressive process and new product spend as well as IFS (Intel Foundry Services) investment," Oppenheimer said. Intel posted its biggest quarterly loss in the first quarter as it ramped up production and investments in manufacturing plants. Reporting by Eva Mathews and Aditya Soni in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
☆ Earnings playbook: Your guide to a busy week of earnings, featuring Meta and Amazon
  + stars: | 2023-04-24 | by ( Fred Imbert | ) www.cnbc.com   time to read: +13 min
What history shows: GM has reported a better-than-expected bottom line in 29 of the last 30 quarters, per FactSet. McDonald's is set to report earnings in the premarket, with management slated to hold a call at 8:30 a.m. What history shows: History shows Google's parent company beats earnings expectations 68% of the time, with the stock averaging a gain of 1.6% on earnings day, per Bespoke. Meta Platforms is set to report earnings after market close, followed by a conference call at 5 p.m. What history shows: Bespoke data shows Intel beats earnings expectations 77% of the time.
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