Intel Corp Stock Price, News & Analysis

Intel has announced a $20 billion capacity expansion, raising its total investment in Arizona to over $50 billion. Groundbreaking for two new chip factories took place at the Ocotillo campus, marking the largest private investment in Arizona's history. This expansion aims to bolster U.S. semiconductor leadership, creating over 3,000 high-tech jobs, and supporting an estimated 15,000 indirect jobs. The new facilities will begin operations in 2024, focusing on advanced technologies critical for various industry segments.

Intel Corporation has declared a quarterly dividend of $0.3475 per share, totaling $1.39 annually. This dividend will be payable on December 1, 2021, to shareholders of record as of November 7, 2021. Intel continues to be a leader in semiconductor technology, focusing on innovation to address customer challenges and drive global progress.

Mobileye, an Intel company, has launched a new 6-passenger electric autonomous vehicle (AV) set for commercial driverless ride-hailing services in Tel Aviv and Munich from 2022. This vehicle is equipped with the Mobileye Drive™ self-driving system and features cutting-edge technology, including 8 EyeQ™5 SoCs. The MoovitAV service aims to enhance mobility solutions, with an emphasis on safety and scalability. Mobileye is collaborating with SIXT Group for operations, which will also include partnerships for developing autonomous shuttles and delivery systems.

Intel and SIXT announced a collaboration to launch a driverless robotaxi service in Munich starting in 2022. The service will utilize Mobileye's autonomous vehicle technology and will be accessible through the Moovit and SIXT apps. This initiative aims to expand across Germany and Europe later in the decade, aiming to leverage the recently enacted autonomous vehicle law in Germany. The partnership marks a significant step in the mobility sector, combining Intel's technology with SIXT's operational expertise.

Intel has announced a bold plan to ramp up chip production, focusing on the automotive industry, as CEO Pat Gelsinger predicts that semiconductors will make up over 20% of premium vehicle costs by 2030, a significant increase from 4% in 2019. The company's total addressable market for automotive silicon is expected to exceed $115 billion by decade's end. To meet this demand, Intel will establish new facilities in Europe and enhance its foundry services alongside its subsidiary, Mobileye, which aims to launch an autonomous robotaxi service in Germany.

Leidos is utilizing blockchain technology powered by Intel to enhance the CDC's MicrobeTrace Next platform for contact tracing, addressing COVID-19 challenges.

This initiative is part of Intel’s Pandemic Response Technology Initiative, which funds projects aiming to combat the pandemic through technological innovations.

By enabling secure data sharing and mobile data entry, the platform improves public health responses and protects sensitive information via ransomware-resistant blockchain security.

Intel Corporation appointed Bruce H. Andrews as corporate vice president and chief government affairs officer, effective September 7. Andrews will lead global government affairs, focusing on policy matters crucial to Intel's operations. His extensive experience includes roles at SoftBank Group and the U.S. Department of Commerce. CEO Pat Gelsinger emphasized that Andrews' expertise in public policy is vital for navigating today's complex political landscape and addressing the global demand for semiconductors.

Intel is set to showcase its commitment to the future of mobility during a keynote by CEO Pat Gelsinger at the IAA Mobility event in Munich, Germany on Sept. 7 at 8 a.m. PDT. This event will highlight Intel and its subsidiary Mobileye’s vision for autonomous technology, emphasizing the importance of safer and more accessible transportation. Attendees will learn about ongoing challenges, including chip shortages and Intel’s global ambitions toward digital mobility.

Intel Awarded DOD Contract: The U.S. Department of Defense has awarded Intel a contract under the S2MARTS OTA for commercial foundry services as part of the RAMP-C program. This initiative aims to utilize a U.S.-based semiconductor foundry ecosystem for developing advanced integrated circuits crucial for defense systems. Intel Foundry Services will spearhead this project, collaborating with industry leaders like IBM and Cadence. The aim is to bolster domestic semiconductor manufacturing, ensuring DOD access to cutting-edge technologies and enhancing U.S. leadership in semiconductor R&D.