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Intel Wins EU Court Battle As EUR 1.06 Bln Fine Annulled
Intel Corp. has won a long-running court battle in the European Union, where the Court of Justice, Europe's top court, upheld the annulment by the General Court of a 1.06 billion euros fine imposed by the Commission on the chipmaker. The European regulator had alleged an abuse of a dominant position on the part of Intel.
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vor 25 Tagen
Alibaba, Baidu Invest In Intel-Backed Horizon Robotics' IPO
Horizon Robotics, a Chinese developer of artificial intelligence chips used in autonomous driving systems, is seeking to raise as much as HK$5.4 billion or around $696 million in its Hong Kong initial public offering. According to its listing document, Chinese majors Alibaba Group Holding Ltd. and Baidu Inc. are investing in the IPO of the firm, which is backed by tech major Intel Corp.
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vor 33 Tagen
Intel Reportedly Rejects Arm's Bid For Product Division
Chipmaker Intel Corp., which is in the midst of takeover speculation amid its struggling financial performance, rejected an approach from British chip firm Arm Holdings Plc for its product division, Bloomberg reported citing a person with direct knowledge of the matter. Intel replied that the product division is not for sale. On the Nasdaq, Intel shares were gaining around 1.5 percent...
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vor 52 Tagen
Intel's Foundry Unit Loss Widens, Sees Operating Loss Peaking In 2024; Stock Down
Intel Corp. shares were hit by wider operating loss in its chipmaking unit Intel Foundry for fiscal 2023, and the company's warning that the segment's operating losses are expected to peak in 2024. Intel shares fell more than 4 percent in extended trading on Tuesday on the Nasdaq Stock Exchange, as well as in pre-market activity on Wednesday.
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vor 229 Tagen
Biden Admin And Intel Announce Up To $8.5 Bln In Direct Funding For Semiconductor Projects
The Biden Administration announced Wednesday that Intel Corp. (INTC) and the U.S. Department of Commerce have signed a non-binding preliminary memorandum of terms (PMT) for up to $8.5 billion in direct funding to Intel for commercial semiconductor projects under the CHIPS and Science Act.
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vor 243 Tagen
EU Re-imposes EUR 376.36 Mln Fine On Intel For Anticompetitive Practices For CPUs
The European Commission on Friday re-imposed a fine of around 376.36 million euros on Intel Corp. (INTC) for a previously established abuse of dominant position in the market for computer chips called x86 central processing units.
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vor 423 Tagen
Intel To Divest About 10% Stake In IMS Nanofabrication Business To TSMC
Intel Corp. (INTC) announced Tuesday that it has agreed to sell an approximately 10% stake in the IMS Nanofabrication business to Taiwan Semiconductor Manufacturing Co. Ltd. or TSMC (TSM).
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vor 433 Tagen
