Intel Corp. said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected sales forecast driven by a loss of market share to rivals and a PC market downturn. The reductions will range from 5 percent of base pay for mid-level employees to as…

Intel Corp. saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also…

The stock of chip giant Intel plunged on Jan. 26 after the company reported disappointing fourth-quarter results and forecast more losses for the first quarter of 2023. Intel’s stock price fell nearly 10 percent in extended trading after the Santa Clara, California-headquartered giant reported fourth-quarter revenue of $14 billion, down 32 percent year over year. Market analysts…

Taiwan Semiconductor Manufacturing Co. (TSMC)—the world’s most advanced contract chipmaker—is bringing its leading-edge 3-nanometer chip production process to its upcoming new plant in the U.S. state of Arizona, the company’s founder, Morris Chang, said on Nov. 2. But Chang’s statement has drawn concerns and criticism that the move would affect the core competitiveness of Taiwan’s…

Intel Corp. and Alphabet Inc.’s Google Cloud on Tuesday said they have launched a co-designed chip that can make data centers more secure and efficient. The E2000 chip, code named Mount Evans, takes over the work of packaging data for networking from the expensive central processing units (CPU) that do the main computing. It also…

Israeli autonomous vehicle technology company Mobileye Global Inc. will soon tap the public market yet again, according to its S-1 filing with the SEC late Friday. What Happened Mobileye said it will offer its Class A common stock in an initial public offering, or IPO, without mentioning the size and pricing of the offering, according…

Commentary Intel, the American technology company that’s “Intel inside” so many American computers, is “planning” to build a new chip fab in Ohio. It would be great news for the state—and for America—if we could believe that it will really happen. As President Joe Biden said, we need to bring strategic industries, including semiconductors, back…

The U.S. government needs to bury the hatchet with Big Tech and harvest the innovation of firms like Google, Apple, and Facebook so that the West can better compete with Beijing’s rapid technological advancements, according to a visiting Australian senator. Senator James Paterson, of the centre-right Liberal Party and now-shadow minister for foreign interference, said…

Earnings season kicks off next week with Texas Instruments Inc. on July 26. Rosenblatt analyst Hans Mosesmann expected an inline 2Q and inline 3Q guide as it recovered from the China COVIDovid-19 shutdowns. On July 28, Intel Corp. looked to report where Mosesmann expected them to meet 2Q but lower the $76 billion current year outlook due to inflationary pressures in PC,…

OAKLAND, Calif—U.S. chipmaker Intel Corp. said on Monday it will produce chips for Taiwan’s MediaTek Inc., one of the world’s largest chip design firms. The manufacturing arrangement is one of the most significant deals Intel has announced since it launched its so-called foundry business early last year. A foundry business builds chips that other companies…