Intel To Divest About 10% Stake In IMS Nanofabrication Business To TSMC

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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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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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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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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TSMC Q4 Profit Drops, Revenues Flat, But Stock Up In Pre-market

Taiwan Semiconductor Manufacturing Co. Ltd. or TSMC reported Thursday that its fourth-quarter profit declined from last year, while revenue was essentially flat. The earnings and top line were better than market expectations. Sequentially, profit and revenues increased from last year. Looking ahead for the first quarter, the company projects sequentially lower revenues.

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Apple To Be First And Largest Customer Of Amkor's $2 Bln Chip Packaging Plant

Apple Inc. announced it will be the first and largest customer of Amkor Technology, Inc.'s new $2 billion advanced silicon manufacturing and packaging facility being developed in Peoria, Arizona. The expanded partnership supports the tech major's efforts to manufacture its products in the United States. The new facility, which is expected to employ around 2,000 people upon completion, will package

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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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TSMC Delays Start Of Chip Production In Arizona Plant

Chip giant Taiwan Semiconductor Manufacturing Co Ltd. or TSMC has delayed its plan to initiate production at its factory in Arizona State, citing a shortage of skilled workers. The chip production, which was expected to start in 2024, has now been pushed to 2025. TSMC's planned fab in Arizona started construction in April 2021 with an aggressive schedule for mass production of chips

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