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VMware CEO Gelsinger returns to Intel to take top job
2021-01-13 15:59:00| Telecompaper Headlines
(Telecompaper) Intel has named Pat Gelsinger its new CEO from 15 February. A former Intel employee for 30 years in key engineering roles, Gelsinger left the company...
Hedge fund Third Point pushes Intel to consider new strategy
2020-12-30 08:53:00| Telecompaper Headlines
(Telecompaper) Intel is under pressure from investors to consider a new strategy. According to a letter from hedge fund Third Point seen by Reuters, the options...
Tags: point
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Intel to invest USD 350 mln in Costa Rica chip production
2020-12-14 12:10:00| Telecompaper Headlines
(Telecompaper) Intel has announced plans to invest a total of USD 350 million over the next 3 years to start microprocessor assembly and test operations in Costa Rica, a key part of chip production. The investment is expected to create over 200 new jobs in the upcoming months, with operations due to start in the second half of 2021, said the company, adding that Costa Rica is the first Latin American country site to perform such processes.
Tags: production
costa
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rica
Intel sells Nand memory, storage business to SK hynix for USD 9 billion
2020-10-20 09:59:00| Telecompaper Headlines
(Telecompaper) South Korean chipmaker SK hynix has agreed to buy Intel's Nand memory and storage business for USD 9 billion. SK hynix said the move will enhance the competitiveness of its storage services, including enterprise SSDs, in the rapidly growing Nand flash space, and push it to the fore as one of the world's leading semiconductor companies. Intel said it will invest the money received into "leadership products" and to advance its long-term growth priorities, including artificial intelligence, 5G networking and the intelligent, autonomous edge.
Tags: business
memory
storage
usd
Intel granted US licence to continue supplies to Huawei
2020-09-22 13:39:00| Telecompaper Headlines
(Telecompaper) Intel has received licences from US authorities to continue supplying certain products to Huawei, an Intel spokesman tol Reuters. This follows new curbs coming into force 15 September in the US, prohibiting chipmakers from supplying or servicing Huawei.
Tags: continue
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