Intel on Tuesday picked Germany as the main site for a €17-billion fabrication plant, the first details of its planned €80-billion investment in Europe.
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Apple suppliers Foxconn and Unimicron Technology have suspended operations in the Chinese city of Shenzhen.
A Wall Street analyst has highlighted AMD’s growing market share, a strong portfolio of computer chips to rival that of Intel and a relatively cheap stock price.
Intel’s latest focus on making chips to meet rising demand will give AMD a chance to build a greater foothold in the segment, analysts said.
Intel CEO Pat Gelsinger said Intel would be interested in participating if a consortium emerges to buy semiconductor and software design company ARM.
Intel CEO Pat Gelsinger gives himself an A- grade for his first year running the chip maker. Investors are proving to be tougher graders.
Intel is close to buying Israeli firm Tower Semiconductor for about $6-billion, a source said, a move aimed at competing better with Taiwan’s TSMC.
Global chip sales hit a record in 2021 at $555.9-billion, up 26.2% on the year, and topping a trillion units for the first time ever.
Intel has launched a new chip for blockchain applications such as bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies.
A whopping $600-billion of cash stashed at mega-cap technology companies could drive a wave of deal-making in the sector.