Intel Corp Stock Price, News & Analysis

Intel has announced the winners of its 2020 Supplier Continuous Quality Improvement (SCQI) Program Awards, recognizing suppliers for excellence in quality and innovation. The awards include three categories: SCQI Award for top overall performance, Preferred Quality Supplier Award for consistent high performance, and Supplier Achievement Award for notable improvements. Notably, a new category for COVID-19 response was introduced, acknowledging suppliers' efforts during the pandemic. Intel's CEO and chief supply chain officer praised the awardees for their commitment to excellence amidst challenges.

Intel's SigOpt has been recognized as a leader in AI software acceleration by Kisaco Research. The report highlights the platform's efficiency in optimizing AI workloads for better hardware utilization, resulting in significant productivity gains. Notably, a Fortune 500 client reported over 30% productivity increase and projected annual value near $50 million. SigOpt's user-friendly, hardware-agnostic platform enhances model development for data scientists and engineers, promoting enhanced AI results.

Jagadish K. Mahendran has developed an AI-powered, voice-activated backpack for the visually impaired, enhancing navigation and obstacle perception. Utilizing Intel's technology, it detects traffic signs, obstacles, and changes in elevation. The device features a Luxonis OAK-D spatial AI camera for depth perception, significantly improving independent mobility. The system operates on a small computing unit with an eight-hour battery life, responding to voice commands via Bluetooth earphones. It addresses the needs of the 285 million visually impaired globally, filling gaps in existing navigation solutions.

Intel CEO Pat Gelsinger announced the company's expansion in semiconductor manufacturing with plans for two new factories at its Ocotillo campus in Chandler, Arizona. The project involves a $20 billion investment, expected to generate over 3,000 permanent high-wage jobs and 15,000 local long-term jobs. This initiative supports Intel's increased production needs and aligns with their IDM 2.0 strategy. The construction activities are set to begin immediately, advancing the company’s commitment to innovation in semiconductor technology.

Intel CEO Pat Gelsinger unveiled the company’s future strategy, dubbed "IDM 2.0," during the "Intel Unleashed" webcast. This includes a $20 billion investment in two new factories in Arizona, reinforcing Intel's role in U.S. and European foundry capacity. Gelsinger emphasized the importance of Intel's in-house manufacturing capabilities, advancements in 7nm technology, and partnerships with third-party foundries. The strategy aims to create over 3,000 high-tech jobs and strengthen Intel's competitive edge in semiconductor manufacturing.

The 11th Gen Intel® Core™ S-series desktop processors, known as “Rocket Lake-S,” have been launched worldwide, led by the Intel Core i9-11900K. This processor reaches speeds of up to 5.3GHz, offering significant performance boosts for gaming and PC enthusiasts. Key improvements include a 19% increase in instructions per cycle, 50% better integrated graphics performance, and support for advanced AI workloads. Collaboration with over 200 game developers enhances gaming experiences. The release emphasizes superior tuning, stability, and rich media capabilities, marking a significant step forward in desktop processing technology.

Intel has released a study indicating that transparency and proactive security measures significantly influence purchasing decisions in technology. Conducted by Ponemon Institute with 1,875 respondents globally, the findings revealed that 73% prefer vendors who actively manage security vulnerabilities, while 76% value hardware-assisted security. The study highlighted vendor characteristics like transparency and ongoing security assurance as critical factors. Intel emphasizes integrating security throughout product development to build customer trust and improve software resilience.

Intel Corporation declared a quarterly dividend of $0.3475 per share, equating to $1.39 annually. This dividend is set to be paid on June 1, 2021, to stockholders recorded by May 7, 2021. The announcement reflects Intel's commitment to returning capital to shareholders while continuing to drive innovation in semiconductor technology.

Intel will participate in the Supply Chain Security Summit on March 10 to discuss the critical need for transparency and integrity in the digital supply chain. Corporate vice president Jackie Sturm and VP Tom Garrison will host a live discussion on cybersecurity benefits and preparedness in 2021. The event will be held from 8-8:45 a.m. PST, and registration is free. This summit brings together industry leaders to address challenges posed by supply chain attacks and explores strategies for enhancing cybersecurity across the product lifecycle.