Tag: Intel Corp

Intel Corp has decided to abandon its efforts to acquire Tower Semiconductor Ltd. after failing to acquire regulatory approval in time. The $5.4 billion deal was agreed upon in February 2022. The Israeli company also confirmed that the acquisition had been called off. The purchase...

Intel reported a surprise second-quarter profit on Friday, sending shares in the company higher by 6%. The company's strong performance was unexpected given the recent slump in the PC market as a whole. Revenue fell by 15% to $12.9 billion from $15.3 billion a year...

Chipmaker Intel is set to release its earnings for the first fiscal quarter after the opening bell on Thursday, with analysts largely expecting the struggling chip giant to report a drop in revenue after facing declines in its PC sales as well as a...

Chip maker Intel announced on Wednesday that it plans to ship its new line of server chips earlier than expected. As a result, the company’s stock has seen its biggest one-day gain since November. Intel’s Executive Vice President Sandra Rivera shared that the company has...

Global stocks slumped on Friday morning after chipmaker Intel produced a grim quarterly forecast that raised investors' concerns over company earnings going forward. Futures on the S&P 500 fell 0.3%, while futures on the Nasdaq 100 declined by 0.5%. Futures on the Dow Jones Industrial...

Semiconductor Industry Association (SIA) and Boston Consulting Group released a report on Wednesday suggesting that the United States' leading chip design market could lose market share without sufficient government support. The report stated that the U.S. share of chip design revenue has dropped from over...