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The Latest Breaking News from Intel Foundry Services

HSBC Just Issued Wall Street’s Boldest Call on Intel Stock

HSBC's Street-high $200 price target highlights growing confidence that Intel's AI server CPUs and foundry business could drive earnings well beyond current consensus.

Barchart

Intel Shares Jump 22% After Nvidia Plans to Invest $5B in the Company, Jointly Develop AI Chips

Intel was the top performer on the S&P 500 and Nasdaq yesterday after Nvidia announced its plans to acquire a stake in the company and develop chips for hyperscale and personal computing markets.

International Business Times UK

Intel just got $5.7B from the US government — but Trump could block foundry spinoff

The US now owns 9.9% of Intel and wants the chipmaker to retain control of its foundry business.

Windows Central

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Intel Refocuses: NEX Sale and Foundry Pivot Signal New Era

Intel's strategic refocus intensifies with potential NEX unit sale discussions and reaffirmed confidence in its foundry's path to future profitability.

MarketBeat

Intel: Good Quarter, Bad Vibes, Guidance Rattles Investors

Intel reported a Q1 earnings beat but offered weak Q2 guidance, leading new CEO Tan to accelerate restructuring efforts focused on core execution.

MarketBeat

Seismic Shift at Intel: Massive Layoffs Precede Crucial Earnings

Intel, led by new CEO Tan, is focusing on efficiency with substantial layoffs to streamline operations ahead of its upcoming first-quarter financial report.

MarketBeat

Intel Foundry’s Moment of Truth: Will 18A Deliver?

Industry leaders are evaluating Intel's advanced 18A chip manufacturing process, potentially signaling a resurgence in its foundry business.

MarketBeat

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Intel shareholder lawsuit dismissed — complaints stemmed from single-day $32B devaluation in 2024

Judge did not find enough evidence that Intel and its management did anything wrong with its financial reporting.

Tom’s Hardware

Qualcomm claps back at Intel, denies high return rates of Snapdragon PCs

Qualcomm has denied claims of high return rates for Arm PCs. Recently, Intel's co-CEO stated that retailers see higher return rates for PCs powered by Qualcomm chips than systems powered by Intel processors.

Windows Central

Intel splits off foundry business — new dawn for chip giant as it announces major transformation plans

“The most significant transformation of Intel in over four decades” includes $10 billion in cost cutting and foundry business spinoff.

TechRadar

Intel's financial crisis delays the development of mega fab factories in Poland and Germany despite heavy subsidies

Intel recently announced its plan to delay the construction of two mega chip-making factories in Germany and Poland. The chip maker attributed its decision to a lower demand for its chips than earlier anticipated.

Windows Central

Intel slapped with class action lawsuit over foundry revenues — litigants allege securities fraud

Class action attorneys call Intel investors to sue the company over not properly disclosing losses generated by the manufacturing division.

Tom’s Hardware

Intel bags a huge fish for its new Foundry Services as Microsoft places an order for home-grown chips

Microsoft is working with Intel to build custom-designed chips through Intel's Foundry Services.

Windows Central

Intel goes after TSMC's foundry market share by branching into Arm chips and focusing on U.S. manufacturing

In an interview with Intel Foundry Services Head Stu Pann, Intel's foundry plans to expand to build Arm chips and fill holes in the market.

Windows Central

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AnandTech

IFS Reborn as Intel Foundry: Expanded Foundry Business Adds 14A Process To Roadmap

5 nodes in 4 years. This is what Intel CEO Pat Gelsinger promised Intel’s customers, investors, and the world at large back in 2021, when he laid out Intel’s ambitious plan to regain leadership in the foundry space. After losing Intel’s long-held spot as the top fab in the world…

AnandTech

The Intel IFS Direct Connect 2024 Keynote (Starts at 8:30am PT/16:30 UTC)

This morning, Intel is set to provide updates on its foundry business (IFS) and process roadmap at its IFS Direct Connect event in Santa Clara. Intel is expected to unveil plans for how the company will transform the foundry industry and how it is set to become the world's first…

Tom’s Hardware

OpenAI CEO Sam Altman will be at Intel's next foundry event — and he's currently looking for chip partners

OpenAI's Sam Altman will talk about the importance of advanced chips for AI workloads at Intel's upcoming Direct Connect event in Feb.

Tom’s Hardware

Intel posts mixed financial report, demonstrates growth but 2023 revenues are down

Intel posted mixed financial results for the last quarter of 2023, with growth for the quarter, but revenue down for last year as a whole.

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AnandTech

Intel Teams Up with UMC for 12nm Fab Node at IFS

Intel and UMC on Thursday said they had entered into an agreement to jointly to develop a 12 nm photolithography process for high-growth markets such as mobile, communication infrastructure, and networking. Under the terms of the deal, the two companies will co-design a 12 nm-class foundry node that Intel Foundry…

AnandTech

Intel's First High-Volume Foveros Packaging Facility, Fab 9, Starts Operations

Intel this week has started production at Fab 9, the company's latest and most advanced chip packaging plant. Joining Intel's growing collection of facilities in New Mexico, Fab 9 is tasked with packaging chips using Intel's Foveros technology, which is currently used to build the company's latest client Core Ultra…

AnandTech

Intel Reiterates: We Are Not Going to Spin Off IFS

When Intel struggled with its 10nm process technology a few years ago, some investors suggested that the company would be better-off spinning its chip production into an independent foundry, leaving the core of the company to focus on chip design instead. Bucking these calls, however, Intel opted to keep chipmaking…

AnandTech

TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

AnandTech

Arm Total Design to Facilitate Development of Custom Datacenter SoCs

Arm this week introduced its Arm Total Design initiative, which is aimed at accelerating development of custom datacenter-oriented system-on-chip (SoC) designs using Neoverse Compute Subsystems (CSS). The collaborative ecosystem unites various developers in a bid to speed up time-to-market and reduce development costs of custom SoCs for AI, cloud, and…

Tom’s Hardware

China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

Windows Central

Intel's $5.4 billion purchase of Tower Semiconductor is supposed to go through today, but will China block it?

Intel agreed to purchase Tower Semiconductor for $5.4 billion, but the deal has had to be pushed back twice. Today is the current deadline for the purchase, but it is unclear what will happen.

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