The White House on Friday announced a landmark agreement under which the federal government will take a 10% ownership stake in US semiconductor giant Intel, in a move officials say is designed to safeguard America’s technological leadership. Commerce Secretary Howard Lutnick described the arrangement as “historic,” adding in a post on X that it would…
Intel’s stock price climbed more than 7% on Thursday after reports emerged that the US government may be considering taking a stake in the semiconductor giant. Bloomberg reported that the Trump administration has held preliminary talks with Intel over a possible investment that could help fund the company’s plans to establish a large-scale manufacturing hub…
Tech billionaire Bill Gates has expressed concern over Intel’s declining dominance in the semiconductor industry, stating that the company has fallen behind in both chip design and fabrication. In a recent interview with the Associated Press, the Microsoft co-founder – who has long had ties to Intel – said he was “stunned” by the company’s…
Intel, once the undisputed leader in the global tech industry, is facing a period of profound uncertainty, reflecting a dramatic shift from its dominant position. Nearly 30 years after former CEO Andy Grove’s influential book “Only the Paranoid Survive” outlined how to navigate disruptive tech trends, Intel’s failure to keep pace with the mobile revolution…
Intel Corporation, a long-standing member of the Dow Jones Industrial Average, will be replaced by Nvidia after a 25-year tenure, S&P Dow Jones Indices announced on Friday. This shift underscores a challenging period for Intel, which, despite its early leadership in semiconductor manufacturing, has struggled to keep pace with rivals like Taiwan’s TSMC and missed…
Intel announced a major restructuring effort on Thursday, which includes laying off 15% of its workforce as part of a $10 billion cost-reduction plan. The company, once a leader in the chipmaking industry, is attempting to realign its operations and cut expenses amid ongoing challenges. CEO Pat Gelsinger outlined the changes in a memo, citing…
