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The Latest Breaking News from Patrick Gelsinger

Intel stock surges 14% after deal with AWS to produce AI chips

The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.

Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary

Intel Signs AI Chip Deal With Amazon, To Split Foundry Business As Separate Subsidiary

Intel closed a deal with Amazon to manufacture AI chips for the e-commerce company.

International Business Times

Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble

Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble

Bad news for Intel and Europe's chipmaking ambitions.

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U.S. Govt pushes Nvidia and Apple to use Intel's foundries — Department of Commerce Secretary Raimondo makes appeal for US-based chip production

Intel CEO Pat Gelsinger expressed his frustrations about American tech companies' use of TSMC for their chip requirements during a meeting with Secretary Raimondo. The latter then encouraged investors in private sessions to use American foundries for their chip-making needs.

Tom’s Hardware

Intel may lose billions of dollars once set aside by the US CHIPS Act, unless it can get its act together

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Windows Central

Nvidia is a bargain now that AI is going beyond the hyperscalers, says Goldman Sachs

The investment bank argues Nvidia is oversold, with the stock trading at a 2025 earnings multiple in the low 20s.

Everyone assumes it's game over, but Intel's huge bet on 18A is still very much game on

The opportunity for Intel remains absolutely enormous.

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Looks like Intel has quietly killed the 20A process, announcing that no Arrow Lake chip will use its first Angstron Era node

Looks like Intel has quietly killed the 20A process, announcing that no Arrow Lake chip will use its first Angstron Era node

The Intel 20A process seems like it's going to go down in history as purely a test platform for backside power and GAAFET.

Intel says defect density at 18A is 'healthy,' potential clients are lining up

Intel says defect density at 18A is 'healthy,' potential clients are lining up

Intel discloses defect density of 18A process technology for the first time, says clients are inclined to use it.

Tom’s Hardware

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

Tom’s Hardware

Intel CEO expected to pitch cost-saving measures to revive chip competition

Intel CEO expected to pitch cost-saving measures to revive chip competition

In response to poor financial performance and competition from AMD and Nvidia, Intel might take more action.

Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch

Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch

An action plan seems imminent for the beleaguered chip giant.

Intel CEO Wants To Slim Down Company, Cut Costs: Report

Intel CEO Wants To Slim Down Company, Cut Costs: Report

Pat Gelsinger will pitch the plan to the board of directors in the wake of last month's $1.6 billion quarterly loss, a source told Reuters.

International Business Times

Intel Considers Splitting Product-Design, Manufacturing Divisions: Report

Intel Considers Splitting Product-Design, Manufacturing Divisions: Report

The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.

International Business Times

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Intel Stock 2025 Forecast: Will INTC Recover and Go Back Up?

Intel stock fell to a decade low earlier this month after disastrous Q2 earnings. What's the 2025 forecast for Intel, and can the company recover from its lows?

Intel Braces for an Even Tougher Road Ahead

Amid a long, costly turnaround, Intel resets expectations again. Its new woes raise questions about U.S. industrial policy and global chip competition.

Windows Central

Intel faces lawsuit and accusations of inflating its stock price by sharing 'materially false or misleading statements'

Intel now faces a lawsuit from its shareholders that claims the company shared false or misleading information about its manufacturing capacity. Intel announced 15,000 layoffs earlier this month and reported a net loss of $1.61 billion in the most recent quarter.

Windows Central

Intel's short-sightedness to OpenAI's potential and the sprouting AI trend had sold its wildest dreams to NVIDIA

OpenAI reportedly offered Intel a 15% stake for $1 billion and asked the chip maker to develop AI chips for its advances at cost. Intel turned down the offer because it did not believe in the technology's growth.

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Intel, now struggling against AI competitors, turned down an opportunity to own 15% of OpenAI

OpenAI is now worth about the same as the semiconductor company.

Intel CEO says Panther Lake CPU on its new 18A node is already up and running with production slated for next year

Promises, promises. And a few hail Marys?

Why Intel is doing worse in this notebook recovery than it did a decade ago

As Data Sheet turns 10, we look back at what's changed and what's stayed the same.

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

Intel laying off 15,000 employees and slashing R&D in biggest cuts ever — here’s why

Intel suffered a massive financial loss in its recent reports, and the company has responded by announcing layoffs of 15% of its work layoffs.

Windows Central

"We stand behind our products," says Intel as it extends 13th and 14th Gen CPU warranties and a class action lawsuit investigation begins

It's no recall, but Intel is clearly feeling the heat by extending 13th and 14th Gen CPU warranties. This comes on the heels of a class action lawsuit investigation, which you can contribute to as an affected customer.

Intel To Cut 15,000 Jobs In Turnaround Effort

Intel announces job cuts, restructuring to save billion, focus on AI technology and domestic manufacturing for long-term success.

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