Dell Technologies will spin off its 81% stake in cloud computing software maker VMware in a move that will help the PC maker reduce its debt.
Browsing: Pat Gelsinger
Nvidia plans to make a server processor chip based on technology from ARM, putting it in the most direct competition yet with rival Intel.
On the surface, Intel’s strategic pivot comes at an ideal moment. But despite its bold vision, the company is set to face challenges to its grand turnaround plan that will prove extremely difficult to overcome.
Intel, the world’s largest chip maker, said it’s offering a revamped version of its Xeon range in time for what it sees as the “biggest build-out of technology infrastructure in human history”.
Intel will greatly expand its advanced chip manufacturing capacity as the new CEO announced plans to spend as much as $20-billion to build two factories and to open up its facilities to outside customers.
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.
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.
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.
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.