AMD Layoffs Amid Mixed Earnings and Intel Merger Speculation
1 day ago · Key Takeaways. AMD confirms layoffs, reducing its global workforce by approximately 1,000 employees, or 4%. The layoffs follow mixed Q3 earnings and increased competition, particularly from rival Intel. Speculation arises over a possible merger between Intel and AMD, with support from the U.S. Commerce Department.
Race against time: Could Intel get Ohio plant’s CHIPS funding and a merger?
Fast-forward to 2024, and Intel still has yet to receive the promised $8.5 billion in funds. Gelsinger, speaking with Yahoo! Finance, made it known he was getting impatient. “It is well over two ...
Intel Stock Climbs Amid Rumors: Here’s What To Know About
Sep 23, 2024 · Intel stock rallied Monday as reports circulated about the future of the maligned Silicon Valley titan, though analysts question if Intel is “desperate enough” to undertake a drastic merger ...
US government considering cash infusions, AMD merger to help …
Nov 4, 2024 · One option that has been floated is a merger with AMD, who Intel just teamed up with on an x86 council to protect the architecture from a recent surge of ARM-based chips like Qualcomm's Snapdragon ...
Intel Gains After Landing Amazon Deal, Preparing Factory Split
Sep 17, 2024 · In the most notable move, the company struck a multibillion-dollar deal with Amazon.com Inc.’s Amazon Web Services cloud unit to coinvest in a custom AI semiconductor.
Qualcomm approached Intel about a takeover in recent days, …
Sep 21, 2024 · SAN FRANCISCO, Sept 20 (Reuters) - Qualcomm (QCOM.O) has in recent days approached Intel (INTC.O) to explore a potential acquisition of the troubled chipmaker, a source familiar with the...
Intel Lands Amazon Chip Deal Amid Foundry Split, Plant Pullback
Sep 17, 2024 · Intel Gains After Landing Amazon Deal, Preparing Factory Split. Company will produce AI chips for Amazon’s AWS cloud service; Plan includes foundry division, pause on some overseas plants
Intel’s big turnaround plan includes spinning off its chipmaking ...
Sep 16, 2024 · Intel will spin off its chipmaking business and pause work on chip plants in Germany and Poland as part of plans to reverse billions in losses.
Intel’s Chips Are on the Table - The New York Times
Sep 23, 2024 · Buying Intel, whose market value on Friday was $93 billion, could be challenging to finance. Antitrust scrutiny is perhaps the biggest obstacle. Some experts contend that Intel and Qualcomm have...
China blocks Intel’s $5.4B merger with Tower Semiconductor
Aug 16, 2023 · Today, Intel officially announced the termination of a $5.4 billion deal with Tower Semiconductor that was supposed to propel Intel closer to its "goal of becoming the second-largest global...