Amazon.com delivery trucks in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Amazon —...
Tag: Intel
Intel Stock Gains as Guidance Disappoints. Layoffs Are Coming.
Intel plans significant cost cuts , including a “meaningful number” of layoffs, its CFO said as the chip maker detailed its financial results and forecast revenue that was much lower than Wall Street ...
Intel Stock: Mobileye IPO Pegs Self-Driving Unit At $16.7 Billion
Intel (INTC) shares were active in early Wednesday trading after the chipmaker said the listing of its self-driving division, Mobileye Global (MBLY) , generated better-than-expected investor intere...
Will Intel Stock Keep Going Up By Cutting Costs?
| Getty Images Key Takeaways Intel is expected to announce targeted layoff of thousands of its employees in November. In response to layoff rumors, the company’s stock price has risen. Historically, c...
Intel’s Mobileye Is Set To Spin Off At An Incredible Discount
Summary It’s a terrible time for an IPO, but IntelINTC is still planning to offer one. Mobileye will hit the markets at around the same price Intel paid for it five years ago, despite a revenue ...
Intel reportedly to start ‘targeted’ layoffs in November
Intel Corp. is planning on announcing “targeted” layoffs in November, according to a report late Thursday, citing an internal video shared with employees. After the close of markets Thursday, The Oreg...
Intel 13th Gen Core Raptor Lake Processors Impress In A Variety Of Workloads
Intel CEO Pat Gelsinger Holds Up 13Th Gen Core Retail Box At Innovation Event Dave Altavilla Intel lifted the veil on 3rd-party independent performance analysis of its new 13th Gen Core series process...
Apple Earnings Are Next Week. What to Watch.
When Apple reports financial results for its fiscal fourth quarter next Thursday, the most crucial question will be whether the company is seeing signs of strain from the softening consumer economy. P...
U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
BEIJING–U.S. chip-equipment suppliers are pulling out staff based at China’s leading memory-chip maker and pausing business activities there, according to people familiar with the matter, as they grap...
Layoffs at Intel Could Spell a Bitter Winter for Tech. It’s Not All Bad News.
Intel looks set to be the latest tech company to announce job cuts in the face of a gloomy macro outlook—a sign that a bitter winter is coming for the sector. From a more macro perspective, there are ...
PepsiCo, Intel, Philips and more
Check out the companies making headlines before the bell: PepsiCo (PEP) – The snack and beverage maker reported an adjusted quarterly profit of $1.97 per share, 13 cents above estimates, with revenue ...
Intel reportedly plans to lay off thousands of workers, with details potentially emerging alongside quarterly earnings
Intel Corp. may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, according to a repor...
Intel Plans Thousands of Job Cuts in Face of PC Slowdown
(Bloomberg) — Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people wit...
Memory Chip Makers Struggle With Declines in Demand, Price
Listen to article (2 minutes) The pandemic boom in memory chips is on pause. A decline in prices in recent months has led the biggest memory players—including Samsung Electronics and Micron Technology...
The Bad Year of Chipmakers AMD, Nvidia and Intel Turns Into a Nightmare
It’s a bad dream that slowly turned into a nightmare. And this nightmare doesn’t seem to want to end. The year 2022 has been a painful journey for semiconductor manufacturers. Following...
Intel stock price: is this fallen angel a good buy?
Intel (NASDAQ: INTC) stock price has been in freefall in 2022 as concerns about the company continued. The shares tumbled to a low of $27, which was its lowest level since August 2015. It has crashed ...
Taiwan Businesses Support Reduction In Economic Dependence On Mainland China – CSIS Survey
Apple supplier Hon Hai Precision Industry is one of the largest Taiwan investors in the mainland. … [+] Photographer Lam Yik Fei/Bloomberg © 2022 Bloomberg Finance LP Taiwan companies support a ...
Micron Plans to Build Largest U.S. Chip Plant Ever
Micron Technology plans to invest billions of dollars to build a huge new chip manufacturing plant. The company says the so-called megafab will be the largest semiconductor factory ever built in the U...
After Third-Quarter Carnage, 5 Stocks Poised To Bounce Back
Employees of Tyson Foods Inc. process chicken. Photo by Greg Smith/Corbis via Getty Images Corbis via Getty Images Investors suffered their third unpleasant quarter in a row in the quarter that just e...
Mobileye Files For An IPO (again!)- How Will Other Autonomy Companies React?
LAS VEGAS, NEVADA – JANUARY 08: A display highlights Mobileye’s autonomous driving technology at CES … [+] 2020 at the Las Vegas Convention Center on January 8, 2020 (Photo by Mario ...
PC Demand Is Tanking. What It Means for Nvidia, AMD and Intel Stock.
Susquehanna is getting more pessimistic about the outlook for PC sales. On Thursday, semiconductor analyst Christopher Rolland reduced his price targets for Nvidia (ticker: NVDA ) stock to $180 from $...
Intel Introduces Videogame Graphics Chips to Challenge Nvidia
Sept. 27, 2022 3:02 pm ET Listen to article (2 minutes) Intel plans to start selling graphics chips for videogamers next month, aiming to get a piece of a lucrative market dominated by competitors Nvi...
AMD and Intel Say PC Demand Is ‘Getting Worse.’ That’s Bad News for Chip Stocks.
Text size Intel headquarters in Santa Clara, Calif. David Paul Morris/Bloomberg So much for the vaunted second-half comeback. The two major computer-chip companies are now acknowledging PC demand is f...
Intel Stock Is Tanking; Why This Bear Put Spread Could Make Money
Intel stock today is flat after dropping like a stone in a stock market that is trading under severe pressure. If the stock continues to struggle, traders might consider a bearish trade known as a bea...
Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned
Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimm...