Intel posts biggest quarterly loss ever
Chip giant Intel lost $2.8 billion (more than 2.5 billion euros) in the first quarter. Still, the company has cause for optimism. Shareholders also see opportunities for the future, resulting in green figures on the NASDAQ.
The malaise in the PC market has been going on for a while, as we wrote ... Read more
Intel discontinues server systems design division
Intel is putting its Data Center Solutions Group (DSG) out to pasture. It is the latest casualty in a series of restructurings under CEO Pat Gelsinger.
The company will sell the blueprints for server system designs to Taiwanese electronics company MiTAC. Since Gelsinger took office, Intel has wi... Read more
Intel says it’s on track to reclaim chip production leadership
Intel claims that it's regaining its leadership position in the production of computer chips.
The chipmaker said it plans to leverage expertise in advanced process technology to reclaim the top market spot. Intel's CEO Pat Gelsinger said the company will expand production capacity and increase i... Read more
Intel’s strategy has failed, won’t recover until 2025?
Intel has been overtaken by several chip designers and chip manufacturers. The company was the absolute market leader with a lack of competition, and now it is lagging. Where did it go wrong? How could Intel make such a big mistake? And why does it take so long to recover? The corona crisis and the... Read more
Intel wants 8 billion euros from EU to build a European chip plant
Intel CEO, Pat Gelsinger, came to Europe last week to talk to European officials about building a European chip factory. Gelsingers wants to EU to pitch in for 8 billion euros in subsidies because of the higher costs compared to building a plant in Asia.
Intel wants 8 billion euros ($9.7 billion... Read more
Intel CEO comes to Europe next week to talk about new chip factory
Intel has confirmed that Pat Gelsinger, the company's CEO, will be visiting Europe next week. There he will meet with European Union officials and customers.
While it hasn't been announced what Gelsinger will discuss. It is obvious, there is a huge chip shortage and Europe wants to play a bigger... Read more
Intel to build new chip factories in Europe
Intel has announced its plans for the future. The company is betting big on the production of 7nm chips and wants to make its chip factories available to other companies too. For this, the company wants to build more chip factories, starting with two factories in the American state of Arizona. Inte... Read more
Pat Gelsinger expects to lead a “great turnaround” for Intel
The departing VMware CEO opens up on how he came to decide on the move to Intel.
Last month, Intel announced that its board of directors had appointed 40-year technology industry leader Pat Gelsinger as its new chief executive officer, effective Feb. 15, 2021.
Gelsinger was also tapped to jo... Read more
Intel to outsource part of its processor production
Intel is well on its way to start producing processors on the 7nm process in 2023. However, the company no longer wants to make these processors exclusively in its own factories.
This is what future Intel CEO Pat Gelsinger said during a presentation of Intel's quarterly figures. These figures we... Read more
VMware CEO Pat Gelsinger replaces Bob Swan at Intel
Intel has announced that its CEO Bob Swan will resign. He will remain in the position until February 15th, after which Pat Gelsinger will replace him. Until now, Gelsinger was the CEO of VMware.
A specific reason for Swan's departure was not shared. Rumours suggest it has to do with competitor A... Read more