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Tag: Intel

US senator questions Intel CEO’s China ties over security concerns
Business

Intel unveils new strategy to regain global chip leadership

Intel, fresh from a historic investment by the United States President Donald Trump administration, has unveiled a strategy aimed at radically reshaping the company’s future. Once the dominant force in the chip industry, Intel has struggled to keep pace with competitors over the last decade, losing ground to Qualcomm and Nvidia in critical areas such […]

US in talks to acquire stake in Intel
News

US in talks to acquire stake in Intel – Report

The Trump administration is in discussions to acquire a stake in the United States semiconductor giant Intel, according to a Bloomberg report, in a move aimed at boosting domestic chip production. The deal, if finalized, would support Intel’s expansion of manufacturing in the United States, including its repeatedly delayed chip fabrication plant in Ohio. The […]

Intel CEO to meet Trump amid calls for resignation
News

Intel CEO to meet Trump amid calls for resignation

Intel Corp. chief executive Lip-Bu Tan is expected to visit the White House on Monday, days after U.S. President Donald Trump publicly called for his removal, The Wall Street Journal reported on Sunday. Reuters could not immediately verify the report, and both Intel and the White House declined to comment. According to the Journal, Tan […]

US senator questions Intel CEO’s China ties over security concerns
News

US senator questions Intel CEO’s China ties over security concerns

United States Republican Senator Tom Cotton has raised national security concerns over Intel’s newly appointed CEO, Lip-Bu Tan, citing his past leadership at Cadence Design Systems and extensive investment ties to Chinese firms, including those allegedly linked to the Chinese military. In a letter sent Wednesday to Intel Board Chair Frank Yeary, Senator Cotton questioned […]

US senator questions Intel CEO’s China ties over security concerns
News

Intel mulls strategic shift in chipmaking business under new CEO

Intel’s new CEO, Lip-Bu Tan, is considering a major shake-up of the company’s chip manufacturing strategy as he seeks to revive the struggling U.S. semiconductor giant, Reuters reported. At the heart of the possible shift is Intel’s “foundry” business, which manufactures chips for external clients. Tan is reportedly weighing whether to halt the promotion of […]

Intel's new CEO outlines vision for leaner, more innovative future
News

Intel’s new CEO plans AI strategy overhaul, chip manufacturing

Intel’s incoming CEO, Lip-Bu Tan, is preparing to implement sweeping changes to the company’s AI strategy and chip manufacturing operations as he returns to lead the tech giant on Tuesday. Tan aims to restructure Intel’s approach to artificial intelligence and streamline its workforce by cutting middle management, which he perceives as slow and inefficient. A […]

News

Intel CEO Lip-Bu Tan to receive $1m annual salary

Intel’s new CEO Lip-Bu Tan will receive an annual salary of $1 million and be eligible for a performance-based cash bonus of up to $2 million, according to a regulatory filing. Tan’s appointment, announced on Wednesday, comes as Intel strives to recover from a challenging transition in its bid to establish itself as both a […]

Intel's new CEO outlines vision for leaner, more innovative future
News

Intel names Lip-Bu Tan as CEO to tame investor worries

Intel has appointed chip industry veteran and former board member Lip-Bu Tan as its new CEO, effective March 18. The decision comes three months after the ousting of Pat Gelsinger, whose ambitious turnaround strategy struggled to gain traction and raised concerns among investors. Tan, a seasoned technology investor, had been considered a strong candidate due […]

News

AfDB, Intel partner to transform Africa digital ecosystem

The African Development Bank and technology giant Intel have formalized their cooperation to transform the African digital ecosystem. The African Development Bank and The IT behemoth Intel have formalized their partnership to revolutionize the continent’s digital landscape. The collaboration intends to provide 30,000 government personnel and 3 million Africans with AI skills. According to a […]

Chipmaker Intel to launch AI-processor in December
News Tech

Chipmaker Intel to launch AI-processor in December

Intel announced on Tuesday that a new processor arriving in December will be able to run a generative artificial intelligence chatbot on a laptop. The functionality might allow companies and users to test ChatGPT-style technologies without transmitting sensitive data away from their own computers. Intel was slated to demonstrate it during a software developer conference […]

Intel to cut over 20% of workforce in major restructuring push
Tech

Intel terminate $5.4 billion Tower deal amid regulatory challenges

Intel and Tower Semiconductor’s $5.4 billion deal has been mutually terminated due to challenges in securing timely regulatory approvals, the companies announced on Wednesday. Shares of Tower Semiconductor witnessed a decline of about 9% in both the United States and Tel Aviv markets. Intel, which had previously committed to acquiring Tower, will pay a termination […]

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