Intel Corp Stock Price, News & Analysis

Christoph Schell has been appointed executive vice president and chief commercial officer of Intel, effective March 14, 2022, succeeding Michelle Johnston Holthaus. Schell, who previously served at HP Inc., brings extensive experience in global sales and marketing. According to Pat Gelsinger, Intel’s CEO, Schell's expertise will help Intel capitalize on significant market opportunities and strengthen customer relationships. Schell's leadership will focus on innovative strategies to enhance Intel's business growth amid evolving technology demands.

Intel hosted its 2022 Investor Meeting, detailing its strategy to achieve 10%-12% annual revenue growth by 2026 amid a $1 trillion semiconductor market by 2030. For 2022, Intel anticipates revenue of $76 billion with a non-GAAP gross margin of 52% and EPS of $3.50. The company plans to enhance gross margins to 54%-58% by 2026 through improved product sales and cost efficiencies. Intel's Smart Capital strategy signals disciplined investments and collaborations to boost manufacturing capacity, aiming to maintain competitive edge in traditional and emerging markets.

Intel Corporation is set to acquire Tower Semiconductor for $53 per share, totaling approximately $5.4 billion. This acquisition aligns with Intel's IDM 2.0 strategy, enhancing its foundry services amid rising semiconductor demand. The purchase aims to combine Intel's advanced manufacturing capabilities with Tower's specialized technology, creating a comprehensive foundry offering. Post-acquisition, the deal is expected to be immediately accretive to Intel's non-GAAP EPS and is anticipated to close in about 12 months, pending regulatory approvals.

Benteler, Beep, and Mobileye announced a collaboration to develop fully electric autonomous movers for micro-transit in public and private communities across North America, starting production in 2024. This strategic partnership aims to address transportation inequities in first- and last-mile transit, enhancing mobility access and safety. The autonomous movers will leverage Mobileye’s driving technology and Beep’s operational expertise, fulfilling growing urban mobility needs while aiming for reduced congestion and environmental impact.

Intel Foundry Services (IFS) has launched the IFS Accelerator, an ecosystem alliance designed to assist foundry customers in bringing silicon products from concept to reality. In collaboration with 17 founding partners, the initiative offers advanced electronic design automation (EDA) solutions, a robust IP portfolio, and design services. This comprehensive suite aims to enhance customer innovation and accelerate time to market, responding to the growing demand for semiconductors across various applications.

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.