INTEL MOBILEYE
Intel to reduce headcount; shuts down automotive chip division
Intel is implementing workforce reductions as part of a restructuring effort, which includes the closure of its automotive chip division. This decision follows hints of potential layoffs from the CEO and aims to refocus the company on its core PC and data center businesses. The move comes after Intel reported a significant annual loss, prompting a strategic realignment.
After years of failed AI deals, Intel plans homegrown challenge to Nvidia
Intel aims to challenge Nvidia's AI chip dominance with a homegrown, holistic strategy under new CEO Lip-Bu Tan. Emphasising product refinement and full-system offerings, Intel will shift from acquisitions to in-house innovation, though analysts warn breaking into the market remains a steep, uncertain climb.
Intel to sell majority stake in Altera for $4.46 billion to fund revival effort
Intel will sell a 51% stake in its Altera programmable chip business to Silver Lake for $4.46 billion. This move, under new CEO Lip-Bu Tan, aims to revive Intel by streamlining operations and focusing on core businesses. The deal values Altera at $8.75 billion, significantly less than Intel's 2015 acquisition price. Raghib Hussain will become Altera CEO on May 5.
Intel forecasts quarterly revenue below estimates, stock falls
In an interview, CEO Pat Gelsinger said that the company's core businesses of PCs and servers were hitting seasonal low demand at the same time as noncore businesses such as auto chip firm Mobileye. Intel no longer gives full-year financial forecasts, but Gelsinger said the company has $2 billion worth of orders for its AI chips and expects better sales later in the year.
Intel forecasts quarterly revenue below estimates, stock falls
Intel on Thursday forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets.
Intel spins out AI software firm with backing from DigitalBridge
Intel executives would not comment on the value of the deal or whether it would retain a majority stake in the new venture, other than to say the firm would have an independent board of directors and the chipmaker would remain a shareholder.
Intel chief Pat Gelsinger ready to go it alone on chip manufacturing
Gelsinger has moved Intel's manufacturing unit into what is now called Intel Foundry Services (IFS) that operates as a business within Intel. IFS will break out financials beginning in the second quarter of next year, Gelsinger said.
Intel to sell $1.5 billion stake in Mobileye
After the offering, Intel's voting share in the self-driving technology company will come down to about 98.7% from the current 99.3%.
Mobileye cuts revenue forecast on slow China EV demand, shares sink
China’s decision last year to end a more than decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world’s largest market in a bid to arrest a demand slowdown.
Intel chairman Omar Ishrak steps down
Omar Ishrak had stepped down and the chipmaker appointed board director Frank Yeary as his replacement.
Intel's Mobileye unit set for strong market debut
Mobileye's strong reception may buck the trend of recent market debuts where investors have given the cold shoulder to newly-listed companies.
Intel's Mobileye seeks drastically lower $16 billion valuation in IPO
The self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per share, aiming to raise up to $820 million, based on the top end of the proposed range of the listing.
Intel's Mobileye files for listing in first sign of thawing tech IPO market
Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.
Intel plans to take self-driving car unit Mobileye public
Chip giant Intel expects to retain Mobileye's executive team and hold on to a majority ownership in the unit after the initial public offering (IPO) of newly issued Mobileye stock.
Intel to invest $600 million to expand chip, Mobileye R&D in Israel
Intel is investing $400 million to turn its Mobileye unit headquartered in Jerusalem into an R&D campus for developing self-driving car technologies.
BMW Group signs on KPIT as software development partner for autonomous driving
The partners will be able to assist with rolling out the software stack within the Autonomous Driving Platform to third parties.
Uber disabled Volvo SUV's safety system before fatality
“We don’t want people to be confused or think it was a failure of the technology that we supply for Volvo, because that’s not the case,” said Zach Peterson, a spokesman for Aptiv Plc.
From drones to autonomous cars, here is everything that Intel announced at CES 2018
In a keynote packed with glimpses into future technologies, Intel treated the audience to a dazzling array of data-driven innovations.
This is how data company Intel is pushing for an autonomous future
The latest evidence of this was at the recently ended CES 2018, where CEO of Intel, announced that two million vehicles from BMW, Nissan and Volkswagen will use Mobileye Road Experience Management technology.
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