May 6, 2009 |
If you don't know that Intel Corp. pioneered the microprocessor, invented the USB standard and helped build Silicon Valley into the thriving tech powerhouse it is today, you probably will soon. The chip-making giant is about to launch "Sponsors of Tomorrow," a massive advertising campaign in more than two dozen countries that seeks to make people more familiar with the Intel brand.
April 15, 2009 |
Semiconductor giant Intel Corp.'s first-quarter sales and profit tumbled, but the technology bellwether said Tuesday that the personal-computer market it dominates was finally stabilizing from a free fall that began last year as consumers zipped up their wallets and made do with the hardware they had. Although the chip maker's earnings fell 55% and revenue dropped 26%, both beat Wall Street's estimates.
March 24, 2009 |
Intel Corp. said Monday that it would freeze salaries and exchange employee stock options as the economic slump has weighed on chip orders and its share price has slumped. The Santa Clara, Calif., company, whose profit fell 24% last year, has suspended raises, according to a regulatory filing. The freeze includes executives, though Intel said the value of Chief Executive Paul Otellini's compensation rose 10% to $12.7 million last year.
March 17, 2009 |
Intel Corp. said Advanced Micro Devices Inc.'s spinoff of its plants into a new company violated a patent license for the technology used to make all personal computer processors. The AMD plant venture, Globalfoundries, isn't a subsidiary under the terms of a 2001 cross-license agreement between the two firms, Intel said. AMD, Intel's only major rival in microprocessors, denied any breach.
February 11, 2009 |
Intel Corp. plans to spend $7 billion upgrading its U.S. factories over the next two years, a sign that the recession hasn't extinguished chip makers' thirst for cutting-edge equipment. The company's investment, announced Tuesday by Intel Chief Executive Paul S. Otellini in a speech in Washington, speaks to the semiconductor industry's need to keep investing heavily regardless of the poor economic climate that has led Intel to cut jobs.
January 21, 2009 |
Intel Corp. may report a loss in the first quarter, breaking a more than 21-year run of profitability, Chief Executive Paul Otellini told employees. "We are not going to wake up in six months with everything rosy again," Otellini wrote last week in an internal memo obtained by Bloomberg News. After 87 quarters of profit, the first quarter is "too close to call," the memo said. Slumping demand for personal computers has forced Intel to run its factories below capacity, making them less profitable.
January 20, 2009 |
Intel Corp., the world's biggest maker of semiconductors, cut the price of some processors by as much as 48% as it confronts slumping demand and new lower-cost chips from Advanced Micro Devices Inc. The price of the Celeron 570 processor, designed for laptops, dropped 48% to $70, Intel said Monday. One of the company's quad-core desktop-computer models, which have four processors on one piece of silicon, dropped 40% to $316.
November 12, 2008 |
Intel Corp. shares fell after Friedman, Billings, Ramsey & Co. reduced profit and share-price estimates for the world's largest chip maker because of weakening personal-computer demand. PC shipments will decline 5% in the fourth quarter from the third, worse than Friedman's previous estimate of 3% growth, analyst Craig Berger wrote in a note to clients. He cut his 2009 earnings estimate by 17% to $1.10 a share and his share-price projection by 14% to $19. Intel stock slid 42 cents, or 2.9%, to $13.93.
November 7, 2008 |
A former Intel Corp. engineer was charged with stealing trade secrets worth $1 billion from the chip maker while he worked for its main rival, Advanced Micro Devices Inc. In a five-count indictment, federal prosecutors in Massachusetts accused Biswamohan Pani, 33, of illegally downloading more than a dozen confidential documents from Intel's computer system during a four-day stretch in June.
October 17, 2008 |
Advanced Micro Devices Inc. surprised investors with a sharply reduced loss for the third quarter, as the computer chip maker received a large lump sum for licensed technologies. Its shares soared in extended trading. Even without the licensing fees, AMD apparently outdid low expectations thanks to strong sales. The results provided a contrast to solid but unspectacular results for the quarter reported by its much larger rival, Intel Corp., and gave some reassurance to investors nervous about the prospects for the highly cyclical semiconductor industry as the economy slows down.