Intel Corp Stock Price, News & Analysis

Tencent, a leading public cloud service provider in China, has achieved an impressive up to 85% performance boost for its TencentDB for MySQL by utilizing Intel oneAPI Tools. This enhancement, based on Intel® Xeon® processors, showcases the effectiveness of the Intel® oneAPI DPC++/C++ Compiler and Intel® VTune™ Profiler in optimizing cloud database performance.

Intel Corporation has entered into a groundbreaking agreement with Brookfield Asset Management to co-invest up to $30 billion in advanced chip manufacturing facilities in Chandler, Arizona. This deal is part of Intel's Semiconductor Co-Investment Program (SCIP), designed to enhance funding flexibility for its IDM 2.0 strategy while maintaining major control over the projects. The collaboration is anticipated to yield a $15 billion benefit to its adjusted free cash flow, improving financial resilience and operational capacity.

Intel Corporation will engage in several upcoming investor events, highlighting key technology discussions. On August 31, at 9 a.m. PDT, Greg Lavender will discuss software's role in data center architecture at Arete Research Future of Compute Series. Subsequently, at 9:45 a.m. PDT, Sandra Rivera will present on the Datacenter and AI Group at the Deutsche Bank Technology Conference. Additionally, on September 7, at 6:30 a.m. PDT, CEO Pat Gelsinger will address Intel's corporate strategy at the Evercore ISI TMT Conference. Webcasts will be available on Intel's Investor Relations website.

Intel Corporation has elected Lip-Bu Tan, a notable figure in the semiconductor industry, to its board of directors, effective September 1, 2022. Tan is currently the executive chairman of Cadence Design Systems and has extensive experience in software and venture capital. His addition is expected to provide valuable insights, particularly to Intel's M&A Committee. Tan expressed enthusiasm about contributing to Intel's transformation under CEO Pat Gelsinger, aiming to leverage upcoming opportunities in the semiconductor market.

Intel will showcase its security innovations at Black Hat USA 2022 from August 6-11 in Las Vegas. The company will host a booth (#1460) featuring live demos and theatre sessions on topics like Project Circuit Breaker and Intel® Software Guard Extensions. Additionally, Intel will participate in The Diana Initiative 2022, focusing on diversity in information security. Keynote speaker Miki Demeter will discuss career initiatives on August 11.

Intel is set to host a two-day hybrid event, Intel Innovation, from Sept. 27-28 at the San Jose McEnery Convention Center. CEO Pat Gelsinger and CTO Greg Lavender will unveil new technologies, tools, and training aimed at empowering global developers. The conference will feature hands-on labs, tutorials, and networking opportunities with industry experts. Livestreaming of the keynotes will be available daily from 9-10 a.m. PDT. For event registration and more information, visit the Intel Innovation website.

Intel and MediaTek have formed a strategic partnership to manufacture chips using Intel Foundry Services (IFS). This collaboration aims to enhance MediaTek's supply chain resilience by providing access to IFS's advanced process technologies and significant manufacturing capacity in the US and Europe. MediaTek will use these technologies for a variety of smart edge devices, catering to the increasing global demand. IFS's commitment to expanding its capacity, particularly in Ohio and Germany, further supports this initiative.

Intel Corporation has declared a quarterly dividend of $0.365 per share, amounting to $1.46 annually. This dividend is payable on Sept. 1, 2022, to stockholders of record on Aug. 7, 2022. The announcement underscores Intel's commitment to delivering shareholder value while it continues to innovate in semiconductor technology, aiming to meet the demands of modern computing and data processing.