Intel Corp News

Samsung Electronics Co Ltd is expected to report its best-ever quarterly profit in the second quarter, with soaring memory chip sales pushing it past Intel Corp as the biggest semiconductor maker by revenue for the first time.

Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers.

JPMorgan Chase & Co, Microsoft Corp, Intel Corp and more than two dozen other companies have teamed up to develop standards and technology to make it easier for enterprises to use blockchain code Ethereum in the latest push by large firms to move toward distributed ledger systems.

Taipei: Apple Inc plans to issue bonds in Taiwan for the first time with the aim of raising $1 billion, sources familiar with the matter said, joining a queue of big global names that have sold billions of dollars on the island`s busy debt market.

Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centres and Internet connected devices and away from the declining personal computer industry it helped found.

Intel Corp reported quarterly revenue slightly above analysts` expectations on Wednesday, as growth in its data centres and Internet-of-Things businesses helped offset weak demand for personal computers that use the company`s chips.

Following up on its earlier pledge to spend $300 million over the next five years to improve diversity, Intel Corp promised more on Tuesday, this time to back companies with women and minorities in leadership roles.

Intel Corp agreed to buy Altera Corp for $16.7 billion as the world`s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres.

Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.

Earlier this month, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, the sources said, asking not to be identified discussing confidential information

Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.

Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion.

Chipmaker Intel Corp forecast revenue and gross margins for this quarter that disappointed investors, sending its shares down 2.7 percent in extended trading.

Intel Corp will invest $1.6 billion to upgrade its factory in the city of Chengdu in western China.

Upcoming bracelets with technology from Intel Corp and design cues from fashion brand Opening Ceremony will connect the wearer with Facebook, Google and Yelp via an AT&T data plan without having to carry a smartphone.

Intel Corp will invest $1.5 billion in a 20 percent stake in two semiconductor units of China`s state-owned Tsinghua Unigroup, the Chinese company said on its website on Friday.

Intel Corp is close to announcing an investment in Chinese-government affiliated mobile chipmakers Spreadtrum Communications and RDA Microelectronics, its latest move to catch up in a smartphone chip industry led by Qualcomm Inc, according to two sources with knowledge of the plan.

Intel Corp`s plan this year to pay manufacturers to use its processors to make tablets was boosting the chipmaker`s market share, Chief Executive Officer Brian Krzanich said on Tuesday, adding that he hoped to avoid such a costly strategy with smartphones.

Chipmaker Intel Corp has hired Amir Faintuch, a senior executive at Qualcomm Inc, to co-manage the development of the company`s chips, an Intel spokesman said on Friday.

Earnings from some of the biggest U.S. technology companies will take center stage next week, giving investors a chance to re-evaluate the sector`s health.