Page 49 - Patrick Gelsinger News Today

By Stephen Nellis and Chavi Mehta (Reuters) - Intel Corp on Thursday raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analyst expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips. Intel shares were down 3.1% to $60.60 in after-hours trading after the results. The company also missed first-quarter expectations in its closely watched data...

Intel last night raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analyst expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips.

Intel’s PC chip sales rise, but profit falls short Reuters Intel Corp on Thursday raised its annual sales outlook on booming demand for personal computers, but its second-quarter profit forecast fell short of analysts’ expectations as the company spends heavily to get its manufacturing operations back on track and catch up to rivals with faster chips. The company also missed first-quarter expectations in its closely watched data center chip unit. Intel fumbled new manufacturing technology i...

7 Old Tech Stocks Plotting a New Tech Comeback InvestorPlace 1 hr ago Everyone loves the disrupters Cathie Wood buys for her ARK Innovation ETF (NYSEARCA: While ARK favorites like Zoom Video (NASDAQ: ZM) look overvalued, investors may be missing some bargains. These companies were big long before the cloud was even a gleam in Amazon (NASDAQ: AMZN) CEO Jeff Bezos’ eye. The fact is that once you’re a tech company, you’re a tech company. Tech stocks with generations of history may be ge...

Apr 21, 2021 12:06 EDT The Taiwan Semiconductor Manufacturing Companys (TSMC) chairman Mr. Morris Chang participated in a think tank forum in Taiwan earlier today. At the forum, he gave a keynote speech in which he shared his opinions on the current semiconductor landscape, involving chipmaker Inte Corporation decision to allocate $20 billion in spending for a new plant in Ocotillo, Arizona and TSMCs greatest advantages when it comes to competing globally in the contract chipmaking sector....

Intels interest in building fab in New York goes back 20 years As Biden and Schumer push $50 billion chip program, Intel says its looking at NY FacebookTwitterEmail 1of12 Kenneth Green, President of Saratoga Economic Development Corp, right, celebrates the announcement of an AMD chip fabrication plant to be built on the Luther Forest Tech Park in Malta, with SEDC Senior Vice President Jack Kelley, center, and Jon Dawes, left, also from SEDC, during a press conference Friday afternoon June 23, 2...

Intel’s incoming CEO Patrick Gelsinger is set to take the helm on Monday. Although he was only officially appointed a month ago, this isn’t the first time he has been offered the position. Since 2013, his name has come up as a leading candidate, but Gelsinger had refused and preferred to stay on as CEO of VMware, where he managed to double the company’s size. Now, he’s getting a whole different Intel than in 2013, one that may not be as focused.  The chip making giant’s hazy future ...

Every year Intel-Israel releases a report on its yearly activity in the country, and while this year’s presents an impressive increase in output for the year 2020, it hides the fact that the workforce hasn’t grown alongside revenues. While Intel-Israel’s sales have leaped 21% from $6.6 billion in 2019 to $8 billion in 2020 - a high point for its 45 years of activity in Israel - its workforce numbers remained stagnant at 13,950 people.  In 2016, Intel-Israel had 10,200 employees.Every ...

Robert Swan, who has held the job for two years, is leaving the Silicon Valley chip giant after an activist investor pressed for change.

Robert Swan, who has held the job for two years, is leaving the Silicon Valley chip giant after an activist investor pressed for change.