INTEL CORP - CybAI news

18 Aug

Apple Is Playing the Long Game With Switch From Qualcomm Modems

stp2y0 CommentsRAG modelsALPHABET INC-CL A, APPLE INC, artificial intelligence, business, design, INTEL CORP, ipad, iphone, Johny Srouji, QUALCOMM INC, Technology, Wireless

Apple’s move to drop Qualcomm modem chips won’t have a payoff at the outset, but it could set the stage for bigger things later. Also: The company pushes ahead with a tabletop robot; Google’s new Pixel devices show how far ahead it is in AI; and the iPhone payment chip will be opened up to third parties. Source link lol

16 Aug

Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans

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Texas Instruments Inc. is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday, marking the latest major award from a program designed to boost American semiconductor manufacturing. The funding will help pay for one factory in Utah and two in Texas — projects that will cost about $18 billion through 2029 — the Commerce Department said in a statement. The effort is expected to generate around 2,000 manufacturing jobs and thousands more in construction. Source link lol

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol

15 Aug

Qualcomm Extends Sponsorship of Manchester United Until 2029

stp2y0 CommentsRAG modelseurope, Football, industries, INTEL CORP, MANCHESTER UNITED PLC-CL A, MICROSOFT CORP, Mobile Phones, QUALCOMM TECHNOLOGIES INC, smartphone, Software Company, TEAMVIEWER SE, Technology

Qualcomm Inc., the biggest maker of chips that run mobile phones, extended a new sponsorship deal with Manchester United Football Club until 2029, saying the tie-up is already boosting its Snapdragon brand.The logo for Snapdragon — a lineup of processors that run devices — has already been seen more than 2 billion times because of the partnership, the company said in a statementBloomberg Terminal Thursday. The US technology company acquired the rights to put the name on the front of Manchester United’s shirts and place labels of partners, including Microsoft Corp., on the back. Source link lol

13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

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Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

12 Aug

Google’s Antitrust Loss Offers Clues to Apple in Fight With Regulators

stp2y0 CommentsRAG modelsALPHABET INC-CL A, APPLE INC, bing, business, fully-charged, Government, INTEL CORP, iphone, MICROSOFT CORP, smartphone, Susan D Wojcicki, Technology, youtube

Apple’s potential loss of its $20 billion search deal with Google may only be the start of its antitrust headaches. But first... Source link lol

09 Aug

Intel Scraps Innovation Expo as Cash-Strapped Company Makes Cuts

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Intel Corp., which is cutting jobs and costs to preserve its shrinking cash pile, postponed an Innovation event that had been scheduled for next month in San Jose, California. The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. Source link lol

09 Aug

With US Chips Act Money Mostly Divvied Up, the Real Test Begins

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The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.The Chips Act, enacted two years ago Friday, is the nation’s most audacious foray into industrial policy since World War II. It’s essentially a bet that four companies — Intel Corp., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — can bring sophisticated chip production back to the US. In a sign of the ambition, one explicit goal is making a fifth of…

07 Aug

Intel Has Lost Wall Street’s Patience as Headwinds Keep Mounting

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After another catastrophic earnings report, Intel Corp. bulls are increasingly few and far between on Wall Street.Intel shares have shed nearly a third of their value since the firm gave a grim growth forecast, announced plans to slash 15,000 jobs, and suspended a dividend that has been in place since 1992. The report was the latest in a series of discouraging updates, and underlined the myriad headwinds facing the chipmaker as it struggles to execute an ambitious turnaround and compete in the artificial intelligence era. Source link lol

06 Aug

SK Hynix Wins $950 Million of US Grants, Loans for AI Chip Site

stp2y0 CommentsRAG modelsAMKOR TECHNOLOGY INC, artificial intelligence, Indiana, INTEL CORP, jobs, MICRON TECHNOLOGY INC, SAMSUNG ELECTRONICS CO LTD, science, SK HYNIX INC, South Korea, Technology

SK Hynix Inc. is set to receive an initial $450 million in US grants and $500 million in loans to build an advanced chip packaging and research facility in Indiana, a project that will bolster US capacity for a critical part of the artificial intelligence supply chain.The $3.87 billion site will package high-bandwidth memory chips for use with AI chipmakers such as Nvidia Corp., an area that the Korean company dominates. SK Hynix is expected to ship its own memory chips from South Korea to its US facility, according to a Commerce Department official who requested anonymity to brief reporters…