Intel Corp Stock Price, News & Analysis

Mobileye achieved a significant 38% revenue increase year-over-year to $450 million in Q3 2022, driven by strong demand for its advanced ADAS products. The company expects a future volume of 54 million systems by 2030, up from 24 million delivered in 2022. Average System Price rose to $53.0 from $45.7, contributing to a gross profit of $217 million. Despite growth, net loss expanded to $45 million. Following its IPO, Mobileye also repaid significant debt, enhancing liquidity.

Intel Labs and the Perelman School of Medicine at the University of Pennsylvania have concluded a significant research project, enhancing brain tumor detection rates by 33% using a privacy-preserving AI technique known as federated learning. This collaboration marks the largest study of its kind, involving 71 international institutions and 3.7 million images from glioblastoma patients. The study addresses critical data privacy issues in healthcare, creating pathways for future medical research without compromising patient information.

Intel Corporation has announced an investor webinar scheduled for 7:30 a.m. PST on December 16, 2022. The event will feature presentations by Michelle Johnston Holthaus and Christoph Schell, discussing Intel’s perspective on the PC total addressable market (TAM) and the company's platform roadmap. The live webcast will be available on Intel's Investor Relations website, offering materials and a replay afterwards.

Intel Corporation announces the election of Barbara G. Novick, co-founder of BlackRock, to its board of directors effective Dec. 1, 2022. Novick, who has extensive experience in investment and finance, will serve as an independent director and join the Audit & Finance and Compensation committees. Her appointment is aimed at strengthening advocacy for stockholders as Intel pursues its transformation strategy. Novick has a long history in asset management, having established BlackRock's Global Government Relations and Public Policy Group.

Intel collaborates with Hope for Justice and R3 to combat modern slavery through confidential computing technology. They are developing a Private Data Exchange application to securely share sensitive information about trafficking cases. Leveraging Intel® Software Guard Extensions, this initiative aims to enhance data privacy for vulnerable individuals. The platform will enable better collaboration among NGOs, government, and intergovernmental agencies, significantly improving victim identification and rescue efforts while maintaining data integrity and confidentiality.

Intel Corporation has announced that David Zinsner, CFO, will participate in fireside chats at key investor events. These include the Credit Suisse 26th Annual Technology Conference on November 30 at 6:35 a.m. PST and the UBS 50th Global TMT Conference on December 5 at 7:50 a.m. PST. Webcasts of these events will be available on Intel's Investor Relations website. Intel's ongoing commitment to innovation in semiconductor technology aims to address customer challenges and enhance societal progress.

Intel Corporation announces that Dan Rodriguez, Vice President, will discuss 5G and edge opportunities at the New Street Research & BCG Innovation Conference on November 14, 2022, at 10:10 a.m. PST. The event will be available via live webcast on Intel's Investor Relations website intc.com. Intel's involvement and schedule may change. The company continues to lead in technology, driving advancements in semiconductors to transform data and enhance lives.

IFS USMAG Alliance has launched a new program to enhance chip design and production for national security applications. This collaboration with industry leaders like Cadence and Synopsys aims to meet stringent standards in semiconductor manufacturing, ensuring reliable and secure designs. The initiative positions Intel Foundry Services as a leader in U.S.-based semiconductor production, essential for military and government needs. This effort supports the goals of the Department of Defense and enhances the U.S.'s semiconductor ecosystem.

Intel expands its Ignite acceleration program for startups into the United States, focusing on deep tech in Boston while continuing operations in Tel Aviv and Munich. Nearly 100 startups have graduated from the program, which sees over 600 applications per cohort, but only 30 are selected. Intel's mentorship provides invaluable resources, leading to over $1 billion in funding for participating startups. The Boston area, ranked No. 4 for startup environments, is strategically chosen for its proximity to leading technical universities.