He may not be the leader of the free world, but Pat Gelsinger has just put himself at the helm of the Great American Revival amid a technology cold war that the US is paranoid it will lose.
Browsing: Intel
Shares in Taiwan’s TSMC fell nearly 4% on Wednesday after Intel announced a $20-billion plan to expand its advanced chip manufacturing capacity, even as Taiwan’s economy minister sought to downplay the impact.
China has pledged to boost spending and drive research into cutting-edge chips and artificial intelligence in its latest five-year targets, laying out a technological blueprint to vie for global influence with the US.
Nvidia forecast better-than-expected financial first quarter revenue on Wednesday, with its flagship gaming chips expected to remain in tight supply for the next several months.
Intel’s surprise resolve to stick with chip manufacturing is a move that ought to bring a sigh of relief to leading foundry Taiwan Semiconductor Manufacturing Co.
Intel gave an upbeat forecast for the current quarter on continued demand for PCs that enable working and studying from home. The stock jumped.
The Trump administration has notified Huawei suppliers, including chip maker Intel, that it is revoking certain licences to sell to the Chinese company and intends to reject dozens of other applications.
Apple is planning upgraded MacBook Pro laptops this year with much faster processors, updated displays and the return of its magnetic charger, according to a person with knowledge of the plans.
TSMC expects to boost capital spending to as much as $28-billion this year to safeguard its lead in advanced technologies that made it chip maker of choice to the world’s technology and car giants.
Chip maker Intel said on Wednesday it would replace CEO Bob Swan with VMware CEO Pat Gelsinger beginning 15 February. The company’s shares were up nearly 10% in morning trading.