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Intel’s stock suffered one of its worst days ever on Friday, crashing around 28% after the chip giant reported a weaker-than-expected outlook for the fourth quarter. This rout reduced the value of Intel’s holdings by the government by $12 billion, CNBC reports. The Trump administration had the government buy 10% stake over a year ago….
AI chip company SambaNova Systems has raised $1 billion at an $11 billion valuation led by General Atlantic, in a first close of its Series F round, with more investors expected to join soon. “In the next few weeks, a few more investors will be coming in, and the second close is likely to finish…
The handheld gaming PC market has been AMD’s playground for most of the last few years. From the Steam Deck to the ASUS ROG Ally, nearly every credible entry runs on AMD silicon, and the gap between those devices and Intel-powered rivals hasn’t always been flattering. The question of who gets to set the hardware…
Bloomberg has a deep dive this week into how Intel CEO Lip-Bu Tan is trying to rescue one of Silicon Valley’s most storied, and stumbling, chipmakers. It’s worth a read, but it actually undersells the most jaw-dropping part of the story: Intel’s stock has risen a stunning 490% over the past year, a bet by…
Intel will join SpaceX and Tesla in an effort to build a new U.S. semiconductor factory in Texas, although the scope of its contributions are unclear. “Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 TW/year of compute to power future advances in AI and…
As Intel continues to try to turn itself around, its CEO promised that the company will start producing a new type of chip, one that has been made very popular by rival Nvidia. At the Cisco AI Summit on Tuesday, Intel CEO Lip-Bu Tan announced that the company will start producing graphics processing units (GPUs)….
Last year was a tumultuous one for the U.S. semiconductor industry. From leadership changes at legacy companies to continuously changing dialogue around AI chip export controls, a lot has happened. If the first few weeks of 2026, which saw new chip tariffs and international semiconductor deals, are any indicator — this year will be as unexpected as the last. But before we…
Articul8, an enterprise AI company spun out of Intel in early 2024, has secured more than half of a planned $70 million funding round at a $500 million pre-money valuation, according to its CEO, as it looks to capitalize on growing demand for AI systems in regulated industries. The Series B funding round is structured…
Intel’s third-quarter earnings beat Wall Street expectations Thursday, results buoyed by a bump in revenue combined with larger cuts, and multiple, sizable investments over the last two months as CEO Lip-Bu Tan looks to turn around the struggling semiconductor giant. Intel’s revenue results and its $4.1 billion in net income provides a far rosier view…
The Trump administration seems intent on controlling Intel’s ability to make key business decisions around its floundering foundry business unit. According to reporting from the Financial Times, at a Deutsche Bank conference on Thursday, Intel’s CFO David Zinsner shared new details about the company’s recent deal with the Trump administration, which gave the U.S. government…