Intel Corp Stock Price, News & Analysis

Intel has launched a $1 billion fund to back early-stage startups and established companies developing disruptive technologies for its foundry ecosystem. This initiative aims to accelerate foundry customers’ market entry through investments in intellectual property, software tools, chip architectures, and packaging technologies. Partnerships with companies focused on modular products and diverse instruction set architectures underscore Intel's commitment to innovation. This fund is part of Intel's IDM 2.0 strategy to meet increasing global semiconductor manufacturing demands.

Intel has announced an expansion of its Bug Bounty program through Project Circuit Breaker, which invites elite hackers to enhance vulnerability management in various technologies. This initiative includes targeted events and hands-on collaboration with Intel engineers, featuring the ongoing 'Camping with Tigers' event that started in December 2022. The program aims to improve security practices and foster a diverse security community. Intel highlights its commitment to security, having reported 97 vulnerabilities in 2021 via its existing Bug Bounty program.

The Optica Foundation has launched the Optica Women Scholars program, aiming to distribute US$2M in scholarships over the next ten years. Each year, 20 women scholars will receive US$10,000 along with professional development resources. Contributions come from major companies including Google, Meta, and Intel. The program starts accepting applications from February 9 to March 15, focusing on financial need and academic performance.

Intel is investing over $20 billion to establish two new chip factories in Ohio, marking the largest private investment in the state's history. This initiative aims to boost semiconductor production in response to growing demand and create an estimated 3,000 jobs at Intel, alongside 7,000 construction jobs. The project spans nearly 1,000 acres and could reach a total investment of $100 billion over a decade. Production is set to begin in 2025, reflecting Intel's commitment to reviving U.S. semiconductor manufacturing.

Hepsiburada (NASDAQ: HEPS) and Intel (NASDAQ: INTC) have launched DigitalSME, a program aimed at supporting small and medium-size enterprises (SMEs) in Turkey. This initiative seeks to enhance e-commerce capabilities and digital transformation for SMEs by providing training, discounts on Intel products, and grants for HepsiAd, Hepsiburada's advertising platform. The program offers a 10% discount on Intel products and TRY 1,000 grants, along with training focused on enhancing online presence. This collaboration aims to boost the digital economy by empowering SMEs to reach broader markets.

Intel Corporation has appointed Michelle Johnston Holthaus as the new head of its Client Computing Group (CCG). Holthaus, a 25-year veteran at Intel and former EVP of Sales, Marketing, and Communications, will oversee strategy, financial performance, and product development for the client business. Her predecessor, Gregory Bryant, is departing for a new opportunity. CEO Pat Gelsinger expressed confidence in Holthaus's ability to drive growth and innovation in client technologies.

Intel Corporation has appointed David Zinsner as executive vice president and chief financial officer (CFO), effective January 17, 2022. Zinsner brings over 20 years of experience in finance and operations within the semiconductor industry, having previously served as CFO at Micron Technology. He will oversee Intel's global finance organization, reporting to CEO Pat Gelsinger. Zinsner expressed enthusiasm for joining Intel and aims to drive the IDM 2.0 strategy, creating long-term value for shareholders. Current CFO George Davis will retire in May 2022.

Chronos Tech LLC has appointed Ali Farhang as the new CEO, assuming day-to-day leadership and joining the Board of Directors. With over 30 years in the semiconductor industry, Farhang previously served as Corporate Vice President at Micron Technology (NASDAQ: MU) and held senior roles at Intel (NASDAQ: INTC). His experience in leading R&D teams and advising startups positions him to enhance Chronos' commercialization efforts in developing advanced SoC fabric solutions targeting applications in AI and cloud computing.

Mobileye, a subsidiary of Intel (NASDAQ: INTC), has unveiled its powerful computer vision technology integrated with a massive dataset of 200 petabytes. This data, collected over 25 years, enhances training for autonomous vehicles (AVs) by providing rapid results even for rare driving scenarios. Mobileye's advanced approach significantly improves mean time between failures (MTBF) for self-driving systems, allowing for efficient data labeling and processing capable of handling 50 million datasets monthly. This initiative aims to accelerate AV technology development and bring safer autonomous driving solutions to the market.