Intel slid in late trading in the US after giving a dire forecast, hurt by sinking demand from PC customers.
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Intel is splitting its graphic chips unit into two as it realigns the business to better compete with Nvidia and AMD.
US President Joe Biden lauded TSMC’s investment in US chip-making facilities a “game changer”. It is no such thing.
Intel is hitting all the targets it has set on a path to regain leadership in semiconductor manufacturing, it said.
AMD launched its latest data centre chip and said Microsoft, Google and Oracle would be some of its customers.
AMD has announced the next generation of its high-end graphics cards as it takes the fight to rival Nvidia for a share of gamers’ wallets.
What’s the coolest PC tech in the world right now, the stuff we just have to have, budget be damned?
Intel is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering PC market.
Investors have been spooked by new US export control measures aimed at slowing Beijing’s technological and military advances.
Signs are piling up that the tech downturn may be deeper and longer-lasting than feared.