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The Latest Breaking News from Patrick Gelsinger

Intel to Announce Details of Europe Investment Plans on Tuesday

Intel plans to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe, hinting that it has finalized locations for new factories. The US chipmaker unveiled plans last September to invest as much as $95 billion in Europe over the next decade, and Chief Executive…

Asharq Al-Awsat

Intel's Autonomous Car Driving Unit Confidentially Files For US IPO

Intel Corp's (NASDAQ:INTC) self-driving car unit, Mobileye, has confidentially filed paperwork for a U.S. IPO, Reuters reports. The IPO could value the Israeli unit at over $50 billion. Intel acquired Mobileye for $15.3 billion in 2017 to fire up rivalry with Nvidia Corp (NASDAQ:NVDA) and Qualcomm Inc (NASDAQ:QCOM) in developing driverless systems for automakers. Intel CEO Pat Gelsinger…

Benzinga

Is Bitcoin A 'Climate Crisis'? Here's What Intel's CEO Says

Intel Corporation (NASDAQ: INTC) CEO Patrick Gelsinger took aim at Bitcoin’s (CRYPTO: BTC) detrimental impact on the environment.

Benzinga

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Intel Sees No Big Profit Margin Gains before 2025, Would Mull Consortium for Arm

Intel Corp expects its profit margin to drop this year and then be steady for several years as it invests in new technologies and factories to meet rising chip demand, but added it forecasts climbs from 2025. Intel Chief Executive Pat Gelsinger also said Intel would be interested in participating…

Asharq Al-Awsat

Intel Sales Hit Record on Chip Demand as Shortage Lingers

Intel on Wednesday said 2021 was a record year for sales at the chipmaker as it navigated unprecedented demand and supply chain constraints. The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted. "The fourth quarter represented a…

Asharq Al-Awsat

Intel CEO 'thrilled to be launching the Silicon Heartland in Ohio'

Intel's promise to invest $20 billion to build two semiconductor plants in Licking County could be just the start for what the Silicon Valley giant has in mind for Greater Columbus, the company's CEO told The Dispatch.

Tribune News Service

Biden emphasizes need for Build Back Better, citing a more just tax system – as it happened

Senator Joe Manchin doomed legislation last month, but there are signs Democrats are seeking to revive parts of it

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