Welcome to our dedicated page for Intel news (Ticker: INTC), a resource for investors and traders seeking the latest updates and insights on Intel stock.
Intel Corporation reports developments across its advanced semiconductor design and manufacturing business, including Intel Products, the Client Computing Group, Data Center and AI, and Intel Foundry. Company updates commonly address operating results, CPU and AI-related demand, wafer and advanced packaging capacity, corporate strategy, capital allocation, and changes affecting major manufacturing assets.
Intel news also includes governance and leadership developments, proxy matters, and ownership-linked updates from Mobileye, an independently listed company in which Intel retains majority ownership. These items connect Intel’s public-company disclosures with its product roadmap, foundry strategy, manufacturing network, and broader semiconductor capital structure.
Intel has announced its 13th Gen Intel Core mobile processors, featuring the flagship i9-13980HX, the first 24-core mobile processor. These processors provide superior performance for over 300 laptop designs, enhancing gaming and creative tasks. Key features include up to 5.6 GHz turbo frequency, support for DDR4 and DDR5 memory, and enhanced connectivity with Thunderbolt 4. Additionally, the new Intel Evo laptop specification promises longer battery life and seamless multi-device experiences. These developments position Intel to remain competitive in the rapidly evolving tech landscape.
Mobileye (Nasdaq: MBLY) will hold its CES 2023 Press Conference titled Mobileye: Now, Next, Beyond on January 5, 2023 at 11 a.m. PST in location value="LU/us.nv.lasveg"Las Vegas. CEO Professor Amnon Shashua will discuss the company's advancements in autonomous driving technologies, showcasing Mobileye's leadership in the industry. Attendees are invited to visit Mobileye at booth #4601 at the Las Vegas Convention Center during CES.
Intel's 2023 oneAPI Release: Intel launched the 2023 version of its oneAPI tools, enhancing support for 4th Gen Xeon Scalable processors and Data Center GPUs. Key features include improved SYCL code development for multiple architectures and performance gains shown in benchmarks: 3.6x vs. Nvidia and up to 16x vs. prior generations. The tools allow developers to optimize applications with a single codebase, boosting productivity. Intel emphasizes the importance of multiarchitecture systems to address complex workloads, as 48% of developers target heterogeneous environments.
UnitedMasters partnered with Intel to host a beat battle inviting five music producers to remix Intel's iconic audio signature. The competition took place during Art Basel in Miami, where the top five producers won a trip to compete live. Hit-Boy, a three-time GRAMMY winner, along with other judges, evaluated submissions from emerging talent. Contestants received prizes totaling $3,600, with the winner, Hunnid Percent, earning an additional $2,500. Intel provided advanced Evo™ laptops to support the producers in their craft, showcasing a blend of music and technology.
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.