Intel Corp Stock Price, News & Analysis

Intel has launched version 1.0 of its Quantum Software Development Kit (SDK), enabling developers to simulate quantum computing. The SDK features an intuitive C++ interface and supports Python applications, offering flexibility in programming quantum algorithms. It includes two backends: a generic qubit simulator capable of simulating up to 32 qubits and an Intel quantum dot hardware simulator. This release aims to advance quantum algorithm development ahead of Intel's hardware availability, and Intel has also partnered with universities to enhance quantum computing education.

Intel showcased significant technological advancements at MWC 2023, highlighting a broad industry support for its solutions. The launch of the 4th Gen Intel® Xeon® Scalable processors with Intel® vRAN Boost promises 2x capacity gains while maintaining power efficiency and up to 20% energy savings. Collaborating with SK Telecom, Intel introduced the Infrastructure Power Manager, achieving a 30% reduction in CPU power use. Notably, the processors demonstrated the industry's first 1 Tbps workload performance for 5G networks, underscoring Intel's leadership in cloud and network virtualization.

Intel has released its 2022 Product Security Report, reaffirming its dedication to securing products. The report highlights that 93% of the 243 vulnerabilities addressed were mitigated thanks to Intel's proactive investments. Additionally, 137 vulnerabilities (56%) were identified internally by Intel staff, while 90 of the 106 vulnerabilities reported by external researchers were through Intel’s Bug Bounty program. The report underscores the importance of managing security even post-product launch and illustrates Intel's commitment to security assurance through various initiatives and strong product development practices.

Intel Corporation announced a reduction in its quarterly dividend to $0.125 per share, amounting to $0.50 annually, effective June 1, 2023. This decision reflects a careful approach to capital allocation as the company navigates macroeconomic challenges while aiming to optimize long-term value. Intel reiterated its Q1 2023 outlook, projecting revenues between $10.5 billion and $11.5 billion, alongside a GAAP gross margin of 34.1%. The board emphasizes financial flexibility to support critical investments and is committed to maintaining a competitive dividend.

David Zinsner, Intel CFO, will engage in fireside chats at two key investor events. The first event is the Morgan Stanley Technology, Media and Telecom Conference scheduled for Mar. 8 at 3:20 p.m. PST. The second event is the BofA 2023 Asia Pacific Telecom, Media and Technology Conference on Mar. 13 at 7 p.m. PDT, where he will be accompanied by John Pitzer, Corporate VP of Corporate Planning and Investor Relations. Live webcasts of these discussions will be available on Intel's Investor Relations website.

Intel Corporation emphasizes its commitment to responsible development of generative AI technologies. The company aims to leverage generative AI to enhance efficiency and creativity while addressing societal impacts. Intel's Trusted Media team is focused on ensuring the ethical deployment of AI, including deepfake detection with a 96% accuracy rate and tools to aid individuals with speech impairments. Additionally, Intel is dedicated to creating realistic 3D experiences for applications like autonomous driving. By embedding responsibility in the AI lifecycle, Intel prioritizes human perspectives in AI advancements.

Mobileye Global Inc. (Nasdaq: MBLY) announced that Chief Communications Officer Dan Galves will participate in several investor conferences in Q1 2023. Key events include the Wolfe Research Global Auto Conference on February 15, Citi's Global Industrial Tech Conference on February 22, and Barclays Industrial Select Conference on February 23. Additionally, Galves will attend the Raymond James 44th Annual Institutional Investors Conference on March 6 and the Morgan Stanley Technology Conference on March 8. Mobileye plans to webcast these presentations. For more details, visit their investor relations site at ir.mobileye.com.

Intel and the University of California, San Diego have been awarded a project under the DARPA HARDEN program aimed at enhancing cybersecurity.

This four-year collaboration focuses on developing tools based on cryptography to secure integrated computing systems against complex cyber threats.

Key highlights include Intel's innovative Cryptographic Capability Computing (C3) system, which enhances legacy system security by replacing traditional metadata with cryptography.

The project aims to fortify U.S. government systems and explore modern vulnerabilities exploited by cyber adversaries.

Mobileye reported a robust 59% year-over-year revenue increase to $565 million for Q4 2022, with a diluted EPS of $0.04 and an adjusted diluted EPS of $0.27. The company's future business backlog is projected at $6.7 billion from 64 million units by 2030. Advanced ADAS products, particularly SuperVisionTM, significantly contributed to growth, driving average system price up to $56.2. The company maintains a strong balance sheet with $1 billion in cash and zero debt as of December 31, 2022. Operating cash flow was $546 million for the year. The company expects to double volumes in 2023, supported by ongoing OEM collaborations.