LOS ANGELES, June 5, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Intel Corporation ("Intel" or "the Company") (NASDAQ: INTC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between January 25, 2024 and April 25, 2024, inclusive (the "Class Period"), are ...

LOS ANGELES, June 05, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Intel Corporation (“Intel” or “the Company”) (NASDAQ: INTC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between January 25, 2024 and April 25, 2024, inclusive (the “Class Period”) ...

Key TakeawaysIntel is selling a 49% stake in a joint venture that controls an Irish manufacturing facility to Apollo Global Management for $11 billion, the companies announced Tuesday.The move is the latest in Intel's "Smart Capital" plan, emphasizing outside investments to allow Intel to revamp its supply chain without putting too much pressure on its balance sheet.The Irish facility, Fab 34, has already had roughly $18 billion spent on it. Intel (INTC) has agreed to sell a 49% stake in a joint venture con ...

Despite a significant comeback in 2023, Intel‘s (NASDAQ:INTC) share price has plummeted in 2024. The chipmaker’s shares have actually fallen nearly 40% since the start of the year. While some may be quick to blame the cloud macroeconomic environment on INTC’s poor performance, there are a number of company specific pressures that have led to its severe underperformance compares to its chipmaking competitors.AI woes aboundThe artificial intelligence race arguably began years ago, but the space has never been ...

Intel is providing attractive pricing to system providers for its AI chips.Nvidia (NVDA 1.25%) currently dominates the market for artificial intelligence (AI) accelerators, with a market share that some estimates put above 90%. The company's AI chips are expensive, but customers have been willing to pay up to participate in the AI revolution.Intel (INTC -0.86%) will launch the third generation of its Gaudi AI accelerators later this year. The company had a backlog of about $2 billion related to AI chips a f ...

NEW YORK, June 5, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Intel Corporation (NASDAQ: INTC).Shareholders who purchased shares of INTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/intel-corporation-loss-submission-form/?id=82740&from=4CLASS PERIOD: January 25, 2024 to ...

Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years."We want to build everybody's chips, everybody's AI chips. We want them to be built leveraging the U.S. factories," Gelsinger told CNBC on the sidelines of the Computex tech conference in Taipei on Tuesday.Intel seeks to boost its struggling foundry business, which posted a wider operating loss of $7 billion in 2023 versus the prior year. It is current ...

JHVEPhoto/iStock Editorial via Getty Images The stock price of Intel Corporation (NASDAQ:INTC) plummeted a cool 30% since I took a small position in the chip company back in January of this year. The main reason why I initiated a first position was that Mobileye, a developer of autonomous driving technologies, came off its best year in terms of sales ever and that Intel presented a robust profit outlook for 1Q24. I think that the drop in Intel's stock price is completely detached from the underlying reality ...

Summary of Intel Corporation's Conference Call Company Overview - **Company**: Intel Corporation (NASDAQ: INTC) - **Event**: BofA Global Technology Conference - **Date**: June 4, 2024 Key Points SCIP2 Announcement - Intel announced SCIP2, a joint venture with Apollo, where Intel holds a 51% stake and Apollo 49% [3][4] - SCIP2 focuses on Fab 34 in Ireland, allowing Intel to recover $11 billion of previously deployed capital [4] - The structure is similar to SCIP1, which was for a new capacity build-out in Arizona [4] - No significant impact on P&L or capital spending plans due to SCIP2 [5][6] Product Announcements at Computex - Lunar Lake, an AI PC processor, will launch in Q3 with a performance of 48 TOPS at the MPU level and over 100 TOPS at the SoC level [8][9] - Lunar Lake is 40% more power-efficient than Meteor Lake [10] - Gaudi 3 is expected to generate over $500 million in revenue this year, indicating market momentum [12] AI PC Market Insights - The AI PC is compared to the Centrino moment, suggesting a gradual ecosystem adaptation [14] - The PC market is projected to consume 276-278 million units this year, with AI PCs expected to drive ASP uplift rather than unit growth [15][16] - Enterprise refresh cycles are anticipated in the second half of the year due to Windows 10 end-of-life [16][20] Competitive Landscape - Intel acknowledges competition from ARM but emphasizes its strong ecosystem and historical compatibility advantages [30][31] - ARM's penetration in the server market is noted, but Intel believes its ecosystem will remain competitive [45][46] Financial Outlook - Intel expects a better-than-seasonal second half of the year, driven by various business segments and the anticipated enterprise refresh cycle [38][39] - The server market is projected to see low-single-digit growth year-over-year in the second half [40][41] Huawei Restrictions Impact - Intel's revenue guidance for Q2 is slightly below the midpoint due to restrictions on sales to Huawei, but the company expects to recapture revenue with other OEMs [48][50] Intel Foundry Services - The breakeven point for Intel Foundry Services is targeted for 2027, with a focus on transitioning from Intel 7 to Intel 18A for better economic benefits [54][57] Additional Insights - Intel is working with over 500 ISVs to optimize AI-infused applications, indicating a robust ecosystem strategy [25][26] - The company is cautious about emphasizing battery life until systems are available in the market, as it is influenced by multiple factors beyond the CPU [36][37] This summary encapsulates the critical insights and developments discussed during the conference call, highlighting Intel's strategic initiatives, product launches, market outlook, and competitive positioning.

In the hypercompetitive arena of artificial intelligence, Intel unveiled its latest gambit: the Xeon 6 processor.The next-generation AI chip, which debuted Tuesday (June 4) at Taiwan’s Computex tech conference in Taipei, promises a combination of enhanced performance and power efficiency to tackle the demands of data center workloads.“AI is driving one of the most consequential eras of innovation the industry has ever seen,” said Intel CEO Pat Gelsinger in a statement. “The magic of silicon is once again en ...