Schumer plans classified briefing for US senators on chips, technology
Senate Democratic Leader Chuck Schumer has scheduled an all-senators classified briefing for Wednesday on global innovation and a proposed bill to boost U.S. semiconductor manufacturing.
Thursday's trading: 5 Things to know
Here are the key events taking place on Thursday that could impact trading including news from Intel, Facebook and jobless claims.
Intel freezes hiring in a key division for at least two weeks
Intel Corp is pulling back the reins on hiring for a key company division as part of a series of cost-cutting measures.
Amazon, Intel shares fall on results, forecasts
Amazon reported its first quarterly loss since 2015. The online retailer and Intel both issued forecasts that missed the mark.
Intel becomes latest Western tech firm to suspend business in Russia
U.S. chipmaker Intel Corp said on Tuesday it has suspended business operations in Russia, joining a slew of companies to exit the country following its invasion of Ukraine.
Intel gave CEO pay package worth nearly $180 million amid turnaround effort
Intel Corp. awarded Chief Executive Officer Pat Gelsinger compensation last year that could be worth nearly $180 million, tying much of it to whether his sweeping turnaround effort at the chip giant sparks a sharp improvement in its stock price.
Nvidia considers teaming up with Intel on chip manufacturing
Nvidia CEO Jensen Huang says Intel wants them as a manufacturing partner and they're "very interested" in the prospect amid the chip crisis.
Intel investing $100M in education to bolster semiconductor manufacturing, research
Intel is looking to tackle the technical challenges and workforce shortages in semiconductor manufacturing with a $100 million investment over the next decade to build a pipeline of talent and support research, education and workforce development across the United States.
Jill Biden SOTU guest is CEO of company with deep ties to China, sponsored Beijing Olympics
The White House touted Intel CEO Patrick Gelsinger as one of the first lady's guests in a press release hours before the State of the Union address.
Intel one of Biden’s quivers in spending push
President Biden hopes Intel will bump up its $20 billion investment in Ohio to as much as $100 billion.
Intel picks Magdeburg in Germany for new European chip factory
Intel has chosen the east German city of Magdeburg as the site for a new multibillion-euro European chip factory and will make the decision public on March 4, a person familiar with matter told Reuters.
Intel nears roughly $6B deal to buy Tower Semiconductor
Intel Corp. is close to a deal to buy Israeli chip company Tower Semiconductor Ltd. for nearly $6 billion, according to people familiar with the matter, bolstering a plan to make more chips for other companies.
Intel earnings drop, revenue edges higher
Intel Corp.'s earnings fell last quarter as the company ramped up spending on new facilities and products, part of Chief Executive Officer Pat Gelsinger's efforts to revive the semiconductor giant's fortunes.
Ohio Gov. DeWine applauds Intel for largest-ever single investment in state history
The $20 billion investment is part of Intel's $100 billion investment pledge as the company seeks to reclaim its spot as the top chip manufacturer.
Intel to invest at least $20 billion in Ohio chip-making facility
Intel Corp. plans to invest at least $20 billion in new chip-making capacity in Ohio, bolstering the company’s semiconductor production ambitions.
Bitcoin mining startup GRIID inks major deal with Intel
Bitcoin mining startup GRIID has inked a deal with the world’s largest chipmaker, Intel, to mine Bitcoin using energy-efficient methods, FOX Business has learned.
Intel is latest US company to apologize to China while pushing social justice at home
Intel has apologized for discouraging suppliers from doing business with China's Xinjiang region, after a letter published on its website sparked backlash from a Chinese state-run publication and social media users.
Intel plans Mobileye IPO: What to know
Mobileye, which was founded in Jerusalem in 1999 by Ziv Aviram and Amnon Shashua, first went public in 2014 before being acquired by Intel for $15.3 billion in 2017.
Intel’s earnings dented by chip shortage
Intel Corp. disappointed investors even as it posted stronger third-quarter earnings and raised its full-year sales outlook, as global chip shortages eat into potential sales.
US preps semiconductor factory plans amid shortage: EXCLUSIVE
The Biden administration is moving forward with plans to potentially build several semiconductor plants in the U.S. to increase chip production amid a global shortage.