Intel News
194 articles
growth-positive
BC-Most Active Stocks
The article lists the most active stocks on the Nasdaq, NYSE, and NYSE American exchanges, highlighting the trading volumes, high and low prices, and the last price change for each stock. Plug Power Inc. is among the most active stocks, showing a positive change in its stock price, indicating growth. The article primarily focuses on stock performance and market activity, providing a snapshot of the current trading environment. No specific partnerships, acquisitions, or investments are mentioned, and the article does not discuss any technological developments or FDA approvals.
growth-positive
"אני בתפקיד הזה כבר חצי שנה - וכבר ביומי הראשון בו עסקתי בפרטי ההסכם", גילה מנכ"ל אינטל, ליפ-בו טאן, במסיבת עיתונאים לרגל חתימת עסקת הענק ההיסטורית בין שתי החברות ● ראש תחום מניות טכנולוגיה בבית ההשקעות האמריקאי DA Davidson: "המוטיבציה של אנבידיה להשקיע באינטל היא כפולה - היא יכולה לעזור לגוון חלק מהייצור הרחק מ-TSMC והיא יכולה לתמוך בממשל האמריקאי"
Nvidia and Intel have announced a historic partnership, marking a significant shift in their competitive relationship. Nvidia will acquire $5 billion worth of Intel shares, representing 4.3% of Intels pre-market shares. The partnership will focus on joint development of CPUs and GPUs for servers and laptops, enhancing AI capabilities. Nvidia aims to integrate its GPUs with Intels CPUs, creating a new type of laptop processor. This collaboration allows Nvidia to enter the personal computer market, traditionally dominated by Intel, while Intel gains access to Nvidias advanced AI servers. The partnership is seen as a strategic move to diversify production and support American chip manufacturing.
PartnersAcquisition
growth-positive
קשה שלא לראות בהצהרת אנבידיה, לפיה תשקיע 5 מיליארד דולר באינטל, מעין מס נוסף מבית היוצר של הנשיא טראמפ ● יותר מאשר תוכנו של שיתוף הפעולה, חשובה הזרמת ההון הגדולה לאינטל, שתאפשר לה להימנע מהמשך פיטורים ומכירה בחסר של נכסים ● גם חברות הפורטפוליו של אינטל ירוויחו מהמהלך, ובראשן מובילאיי הישראלית
Nvidia has announced a significant investment of $5 billion in Intel, acquiring approximately 4% of the companys shares. This capital infusion is expected to help Intel avoid further layoffs and asset sales. The investment is part of a broader trend of financial support for Intel, which has received nearly $13 billion from various investors in recent months. The partnership between Nvidia and Intel involves collaboration on core chip development, although it is not seen as a major strategic shift. The investment is also beneficial for Intels portfolio companies, particularly Mobileye. However, the deal does not involve Nvidia manufacturing chips in Intels facilities, which would have been a significant blow to TSMC, Intels competitor.
InvestmentPartners
growth-positive
Chip giant backs struggling rival, joins forces on PC and data center chips, but leaves manufacturing business in limbo.
Nvidia has announced a $5 billion investment in Intel, marking a significant partnership between the two tech giants. This collaboration involves the joint development of PC and data center chips, potentially challenging competitors like AMD and TSMC. Nvidias investment positions it as one of Intels largest shareholders, owning 4% or more of the company. The partnership aims to integrate Nvidias AI technology with Intels CPUs, enhancing chip communication speeds crucial for AI applications. This move is seen as a positive step for Intel, which has been struggling to regain its industry leadership. The deal does not include Intels contract manufacturing business, but it strengthens Intels financial position following recent investments from SoftBank and the U.S. government.
InvestmentPartnersManagement Changes
Israeli cybersecurity startup Vega raises $65 million, valued at $400 million
growth-negative
Why the US government is taking a stake in Intel
Intel, a leading semiconductor manufacturer, is at the center of the Trump administrations strategy to bolster U.S. dominance in artificial intelligence. The administration has converted a government grant into a 10% equity stake in Intel to encourage domestic semiconductor manufacturing. Intels foundry business, launched in 2021, has faced challenges, including a failed acquisition of Tower Semiconductor and struggles to secure large customers. The company has undergone significant changes, including management shifts and workforce reductions. Despite receiving $7.86 billion in federal grants, Intel is scaling back some projects, reflecting its ongoing challenges in the competitive semiconductor industry.
InvestmentManagement ChangesLayoffsAcquisition
growth-negative
A comprehensive list of 2025 tech layoffs
The tech industry continues to experience significant layoffs in 2025, with over 22,000 job cuts reported so far. Peloton is among the companies affected, announcing a 6% workforce reduction as part of its sixth layoff in just over a year. The companys CEO, Peter Stern, stated that these cuts are necessary to improve long-term business health. Meanwhile, other companies are also making substantial layoffs, including a back-office software provider for restaurant chains and a corporate video software company, which is reducing its workforce by 10% to save $8.5 million. The ongoing layoffs highlight the impact of AI and automation on the industry.
Layoffs
growth-negative
Weiss headed 20,000 Intel chip developers around the world. Now she's helping CEOs to become wiser managers, and her time is her own.
The article discusses the career transition of Shlomit Weiss, a former senior executive at Intel, who has started her own consultancy business, Weissway. It highlights her extensive experience at Intel and Mellanox, including her role in the acquisition of Mellanox by Nvidia. The article also sheds light on the managerial and cultural challenges faced by Intel, including leadership changes and layoffs under new CEO Lip-Bo Tan. Weiss shares her insights on management styles and the importance of adapting to individual needs. The article concludes with her views on the future of engineering in the age of AI and the need for educational institutions to adapt their curricula.
Management ChangesLayoffs
growth-positive
בנק ההשקעות סופטבנק עשה כמה טעויות בשנים האחרונות. הוא הפסיד 14 מיליארד דולר בקריסת WeWork, ופספס בגדול כשמכר מניות אנבידיה מוקדם מידי ● אבל בשנה האחרונה הוא פתח מבערים ורכש מניות כמעט בכל פינה בשוק השבבים. המרוויחה האחרונה היא אינטל
SoftBank announced a $2 billion investment in Intel, acquiring 2% of its shares. This announcement came shortly after reports that the U.S. government plans to purchase 10% of Intel using grants, valued at nearly $11 billion. These developments led to an 11% surge in Intels stock. SoftBanks investment is part of a broader strategy to expand its presence in the chip and AI markets, following previous investments in companies like ARM and OpenAI. The investment is seen as a strategic move to support Intel, which has been struggling against competitors like TSMC and Nvidia. The involvement of major investors like SoftBank and the U.S. government is expected to provide stability and confidence to Intels future prospects.
InvestmentCustomers
growth-positive
Intel secures $2bn lifeline from Japan’s SoftBank
SoftBank has announced a $2 billion investment in Intel, acquiring a 2% stake in the company. This strategic move is seen as a vote of confidence in Intels potential to play a critical role in the expansion of semiconductor manufacturing in the US. The investment comes amid reports that the US government is also considering taking a stake in Intel, potentially up to 10%. Intels shares rose by over 5% following the announcement. The investment is part of SoftBanks broader strategy to increase its presence in the US, aligning with the Japanese governments push for economic collaboration with the US.
Investment
growth-negative
These Stocks Moved the Most Today: BigBear.ai, Hanesbrands, Cardinal Health, AST SpaceMobile, Mercury Systems, Oklo, Fluence, and More
BigBear.ai, an AI company, experienced a significant drop in stock value following the release of disappointing earnings and guidance. This negative financial performance has impacted the companys growth outlook. Meanwhile, Hanesbrands saw a positive market reaction due to reports of a potential acquisition by Gildan Activewear. The article highlights the movement of various stocks, with a focus on BigBear.ais challenges and Hanesbrands potential acquisition. The article does not mention any new partnerships, investments, or changes in management for BigBear.ai.
growth-positive
BC-Most Active Stocks
The article provides a list of the most active stocks on the Nasdaq and NYSE, highlighting VisionWave Holdings Inc. as one of the top performers with a significant price increase. The stock saw a substantial rise in its last trading price, indicating a positive market response. The article primarily focuses on stock performance, detailing the volume, high, low, and last trading prices of various companies. VisionWave Holdings Inc. experienced a notable increase of +8.65 in its stock price, suggesting a growth-positive impact. The article does not mention any specific partnerships, acquisitions, or investments related to the companies listed.
growth-negative
S&P 500 Gains and Losses Today: Deckers Stock Jumps as Global Footprint Grows; Intel Shares Sink
Intel reported an unexpected second-quarter loss, causing its shares to drop by 8.5%. Despite revenue exceeding forecasts, the profitability shortfall raised concerns about the companys turnaround plan under CEO Lip-Bu Tan. The plan includes layoffs and other cost-cutting measures. Additionally, Intel announced it would slow down the construction of its manufacturing facilities in Ohio and cancel previously announced projects in Germany and Poland. These developments indicate challenges in Intels efforts to improve its financial performance and operational efficiency.
Layoffs
growth-positive
NVDA Stock Price Prediction: Where Nvidia Could Be by 2025, 2026, 2030
NVIDIA Corp, a leading player in the AI revolution, has seen significant growth, with its stock price surging by 171% in 2024 and an additional 25% in 2025. The companys market capitalization exceeds $4 trillion, driven by strong fundamentals and surging demand for AI technologies across various sectors. Analysts remain bullish, with a majority rating the stock as a Buy or Strong Buy, and price targets ranging from $100 to $250. Despite concerns about valuation and competition from AMD and Intel, NVIDIAs data center division continues to drive revenue, maintaining gross margins near 70%. The companys future stock price projections are optimistic, with predictions reaching up to $1,014.09 by 2030.
growth-negative
הפיצול (ספין־אוף) של NEX ממשיך את צעדי ההתייעלות וההתכווצות של אינטל, ומגיע לאחר מהלכים דומים שעשתה עם מובילאיי, אלטרה ורילסנס ■ עדיין לא ידוע מתי המהלך ייצא לפועל
Intel is planning to spin off its Network and Edge Group (NEX) into an independent company. This move is part of Intels ongoing efforts to streamline its operations, following similar actions with Mobileye, Altera, and RealSense. The company has informed its customers about the spin-off and is seeking external investments for the new entity. The exact timeline for the spin-off is not yet known. This decision reflects Intels strategy to focus on its core business areas while allowing NEX to operate independently and potentially attract new investments.
Acquired-byInvestment
growth-negative
A pillar of Israel’s tech economy, Intel’s flagship sites face deep layoffs and uncertain future despite earlier promises of expansion and local impact.
Intel, a key player in Israels tech economy, is facing significant layoffs and an uncertain future despite previous expansion promises. The companys local workforce, once at 12,000, is expected to drop below 9,000, marking its lowest in over a decade. This comes amid a global trend of cost-cutting, with over 5,000 layoffs in the U.S. The contrast between Intels earlier optimistic expansion plans, including a $25 billion investment in Fab38, and the current wave of job cuts is stark. The company is shifting towards automation and cost discipline under CEO Lip-Bu Tan, as it grapples with volatile demand and competition from Asian rivals.
LayoffsExpand
growth-positive
The Zacks Analyst Blog Highlights Taiwan Semiconductor Manufacturing, NVIDIA, Apple, Advanced Micro Devices, Broadcom and Intel
Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) reported a record surge in second-quarter profits, driven by strong demand for AI chips and advanced semiconductor nodes. The companys net income increased by 60.7% year over year, with revenues rising 38.7% to NT$933.80 billion. TSMCs high-performance computing division, which includes AI and 5G applications, contributed significantly to this growth. The company projects third-quarter revenues to increase further, driven by demand from major clients like NVIDIA and Apple. TSMCs stock has outperformed the industry, reflecting its market dominance and pricing power. The company expects a 30% revenue surge in 2025, highlighting its strong position in the semiconductor industry.
Customers
growth-positive
China Clears Synopsys’s $35 Billion Ansys Buyout in US Win
Synopsys Inc. has received approval from Chinas State Administration for Market Regulation to acquire Ansys Inc. for $35 billion. This acquisition is significant for Synopsys as it strengthens its position in the semiconductor technology market. The approval comes with conditions, such as not rejecting customer contract renewals. The deal had faced delays due to geopolitical tensions between the US and China, particularly concerning chip sanctions. The acquisition was previously approved by European and US authorities. Synopsys shares rose following the announcement, indicating a positive market reaction.
Acquisition
growth-positive
The Zacks Analyst Blog Highlights NVIDIA, SoundHound, Microsoft, Apple, Intel and Advanced Micro Devices
NVIDIA Corp. has achieved significant growth, with its market cap reaching nearly $4 trillion, driven by advancements in artificial intelligence (AI) and the popularity of its CUDA software platform. Despite challenges such as competition from DeepSeeks cost-effective language model and geopolitical issues like tariffs, NVIDIAs shares have risen by 24% over the past year. The company has successfully delivered its Blackwell chips, resulting in a 69% increase in sales to $44.1 billion in the fiscal first quarter. Meanwhile, SoundHound AI, Inc. has also experienced substantial growth, with its share price surging by 211.6% over the past year, driven by increasing demand for its voice AI solutions.
Customers
growth-negative
A fresh $1 billion sell-off shrinks Intel’s stake, and may lift the cloud hanging over Mobileye’s stock.
Intel has sold $1 billion worth of Mobileye shares to raise cash for building chip factories and covering severance payments for laid-off employees. This move reduces Intels stake in Mobileye to 80%. While Intels stock remained stable, Mobileyes stock saw a slight increase, indicating a positive market sentiment towards Mobileyes independence from Intel. Despite challenges like a slowdown in the Chinese automotive market and sluggish robo-taxi development, Mobileye remains optimistic, forecasting a 15% revenue growth for Q2. The company is also expanding its autonomous vehicle efforts, with partnerships with Lyft and Volkswagen. However, Intels continued share sales create an overhang, affecting Mobileyes stock performance.
PIPE/POLayoffsCustomersPartners
growth-negative
Amid Intel's financial woes, part of the $25 billion expansion in Israel has been halted while the other part, although completed, is not operational.
Intel is facing financial difficulties, leading to a halt in part of its $25 billion expansion project in Israel. The construction of the new manufacturing plant, Fab 38, in Kiryat Gat has been partially completed, but only one of the two planned clean rooms will be operational in the coming years. The company has laid off 200-300 employees and reduced the number of contractor workers from 5,500 to about 2,000. The demand for Intels new 18A chip is low, prompting the company to reconsider its manufacturing processes and focus on the next generation 14A chip. Despite these challenges, Intel remains committed to its operations in Israel.
LayoffsProduct StageCustomers
growth-positive
Sale marks Intel’s latest move to raise cash amid weak returns and delayed autonomous ambitions.
Intel plans to sell $900 million worth of Mobileye shares, reducing its stake in the company to below 80%. This move is part of Intels strategy to raise cash amid weak returns and delayed autonomous vehicle ambitions. Mobileye will also repurchase $100 million worth of shares from Intel, potentially bringing the total proceeds for Intel to $1 billion. The divestment is seen as positive for Mobileye, as it increases the stocks liquidity. Despite Mobileyes stagnant share performance and Intels crisis, the company expects a 15% year-over-year revenue growth for the second quarter of 2025.
PIPE/POInvestmentCustomers
growth-negative
Parts of the Fab38 project have stalled as Intel slashes costs and weighs its next moves.
Intel is facing significant challenges as it executes one of its largest rounds of global layoffs, affecting 15% to 20% of its manufacturing workforce. In Israel, where Intel employs around 9,350 people, hundreds of jobs are expected to be cut, impacting its flagship production plant, Fab28, and casting uncertainty over the future of the new Fab38 facility. Originally announced as part of a $10 billion investment, with an additional $15 billion planned, Fab38s completion is now uncertain due to financial and strategic challenges. Despite these issues, Intels investment in Israel remains substantial, with the companys assets in the country valued at $10.4 billion. The situation underscores Intels struggle to maintain its competitive edge in the semiconductor industry while managing costs and workforce reductions.
LayoffsInvestment
growth-negative
Which roles are affected, how automation and restructuring are driving layoffs, and why Israel still has a significant part to play in Intel's future.
Intel Israel is undergoing significant layoffs, affecting several hundred employees, as part of a global restructuring plan. The layoffs are driven by automation and organizational flattening, impacting middle-level managers and ROC technicians. Despite these cuts, Intel continues to view its Kiryat Gat plant as strategically important, with Israel being a key location for Intels physical assets and production of Intel 7 technology. The layoffs are part of a broader effort to make Intel leaner and more efficient, aligning with global restructuring rather than being specific to Israel. Intels investment in Israel remains strong, with the country holding a significant portion of Intels physical assets.
Layoffs
growth-negative
CTech’s AI-powered newsroom unpacks the impact on fabs, R&D, and innovation hubs.
Intel is undergoing significant layoffs affecting hundreds of employees in its Israel operations, with implications for its global presence, including the U.S., Ireland, India, Indonesia, and Singapore. The company is focusing on advanced manufacturing facilities in the U.S. and maintaining key R&D centers in Ireland and India, where AI and innovation are central. The layoffs are part of a broader restructuring effort as Intel seeks to optimize its operations and focus on strategic growth areas. The news is being covered extensively by CTech, which uses AI-powered journalism to provide in-depth analysis and commentary.
Layoffs
growth-negative
Hundreds expected to lose jobs as chip giant extends cuts beyond R&D hubs in Haifa and Petah Tikva.
Intel Israel is undergoing a significant round of layoffs, extending beyond its R&D hubs in Haifa and Petah Tikva to include the Kiryat Gat plant. This marks the first time the Kiryat Gat facility, which employs around 4,000 workers, is affected by job cuts. The plant, once a key part of Intels manufacturing network, is now considered outdated, producing chips with older technology. Despite receiving substantial government grants, the plants future is uncertain without further investment. Intel has been reducing its global workforce significantly, with over 20,000 layoffs since 2022, and more expected in the coming year.
Layoffs
growth-positive
Nvidia is fast on the way to overtaking Intel as Israel's biggest private tech employer but as a manufacturer Intel could still remain much more valuable to Israel's economy.
Nvidia is rapidly expanding in Israel, potentially overtaking Intel as the largest private tech employer in the country. Over 100 former Intel employees have joined Nvidia in the past three months, coinciding with Intels layoffs under a new streamlining plan. Nvidia plans to build a large campus in northern Israel, which could further solidify its position. Despite Nvidias growth, Intel remains a significant contributor to Israels economy due to its manufacturing operations. Nvidias expansion is seen as a positive development, but Intels manufacturing plant continues to provide substantial economic benefits. The article highlights the contrasting contributions of both companies to Israels economy.
LayoffsExpand
growth-negative
Sources tell "Globes" that many dozens of employees have been summoned to hearings in a wave of layoffs that will see the production plant in Kiryat Gat hit hard.
Intel is undergoing a significant wave of layoffs, affecting its manufacturing plant in Kiryat Gat, Israel, as well as other global locations. The layoffs are part of CEO Lip-Bu Tans strategy to streamline operations and make Intel more competitive. The Kiryat Gat plant, which employs around 4,000 people, will see a reduction in workforce, with estimates suggesting a decrease to 8,500 employees overall in Israel. The layoffs are part of a global trend, with facilities in California and Ireland also affected. The company is offering enhanced retirement packages to encourage voluntary departures. This move comes amid declining sales at the Kiryat Gat plant and uncertainty about Intels future production processes.
Layoffs
growth-negative
Intel VP manufacturing Naga Chandrasekaran said the company will cut 15%-20% of its production workforce worldwide, starting July, "Oregon Live" reports.
Intel plans to lay off 15%-20% of its production workforce worldwide, starting in July, as part of a restructuring effort to address financial challenges. This move could affect up to 10,000 employees globally, including 800 in Israel. The company is focusing on becoming leaner and more efficient by reducing middle management and simplifying processes. Intel aims to attract external customers like AMD, Broadcom, and Nvidia, despite their hesitance to manufacture in Intels factories. The Kiryat Gat plant in Israel plays a crucial role in manufacturing chips and implementing AI across Intels operations. The layoffs are part of Intels broader strategy to improve performance and customer service.
LayoffsCustomersManagement Changes
growth-negative
Sweeping layoffs at Intel's foundry division signal a strategic shift, and could affect hundreds of employees in Israel’s flagship chip plant in Kiryat Gat.
Intel is undergoing a significant restructuring, planning to lay off up to 20% of its global factory workforce, which could impact hundreds of employees at its Kiryat Gat plant in Israel. The layoffs are part of a strategic shift under CEO Lip-Bu Tan to transform Intel into a leaner, more execution-focused company. This move marks one of the deepest restructurings in Intels history and reflects a combination of strategic downsizing, project cancellations, and skill-based reassessments. The Kiryat Gat facility, a critical node in Intels manufacturing network, has historically been spared from layoffs but is now affected. The restructuring aims to address financial challenges and position Intel for future growth.
Layoffs
growth-negative
July job cuts mark the start of foundry downsizing under Lip-Bu Tan, with Israel’s Kiryat Gat plant no longer immune.
Intel is set to initiate layoffs at its manufacturing operations, including its foundry division, as part of a global restructuring plan under CEO Lip-Bu Tan. The layoffs, expected to begin in mid-July, mark a significant escalation in Intels workforce reduction strategy, which has previously targeted R&D and corporate divisions. The Kiryat Gat plant in Israel, a key part of Intels chip production chain, is now facing job cuts despite its historical immunity due to government grants and strategic importance. This move signals a shift in Intels approach to its industrial footprint, emphasizing a leaner and more agile company structure.
Layoffs
growth-negative
The cost-cutting campaign expands beyond R&D as the plant loses long-standing protection.
Intel is undergoing significant restructuring, including layoffs at its Kiryat Gat plant in Israel, which had previously been spared from such cuts. The company is aiming to become leaner and more efficient under the leadership of new CEO Lip-Bu Tan. This move is part of a broader strategy to enhance Intels manufacturing capabilities and offer foundry services to other firms. Despite past investments in AI and advanced processes, Intel has struggled to capture market share, leading to a shift in management strategy. The company plans to continue its focus on chip manufacturing while reducing its workforce to improve operational efficiency.
LayoffsManagement ChangesProduct StageCustomers
growth-positive
Charter to combine with Cox, Take-Two reports mixed Q4 results: Morning Buzz
Charter Communications (CHTR) is set to merge with Cox in a deal valuing Cox at an enterprise value of $34.5 billion. This merger is seen as a major positive for Charter, as indicated by Oppenheimers upgrade of the company to Outperform. The article also mentions other companies like Take-Two, Applied Materials, and Novo Nordisk, with various updates on their financial results and management changes. Additionally, the article touches on broader market trends, including consumer sentiment data, housing starts, and commodity prices. The merger between Charter and Cox is expected to have a significant impact on the telecommunications industry.
Acquired-by
growth-negative
The proposal was put forward by shareholders out of geopolitical considerations.
At Intels first shareholders meeting since Lip-Bu Tan became CEO, a proposal to re-examine Intels operations in Israel was rejected. This proposal was driven by geopolitical considerations. Intels key facilities in Israel, including the Kiryat Gat plant, are crucial to its operations. The rejection indicates Intels commitment to maintaining its presence in Israel. The meeting also approved a stock allocation program to attract and retain talent and a $42 million stock bonus for the new CEO. Intel aims to restore its position in the chip market, lead in AI, and improve management efficiency amidst competition from Nvidia, AMD, and TSMC.
Management ChangesLayoffsExpand
growth-negative
Despite ongoing losses and setbacks in its foundry push, Intel is asking shareholders to stay the course - but even its CFO admits the valuation may be outpacing reality.
Intel is undergoing a challenging transformation as it attempts to reinvent itself as a major foundry, competing with TSMC and Samsung. Despite dominating the x86 processor market, Intels products have not met customer expectations, and its foundry business is still in its early stages with limited external customer commitments. New CEO Lip-Bu Tan is focusing on improving execution and flattening the organization to enhance efficiency and proximity to customers and engineers. Tans leadership style is hands-on, aiming to attract world-class talent back to the company. However, Intels turnaround is far from complete, with significant challenges remaining in meeting customer needs and generating substantial foundry income by 2027.
Management ChangesCustomersPartners
growth-negative
Industry experts agree that Intel staff dismissed in Israel will have no trouble finding work at rivals like Nvidia, as happened during last year's layoffs.
Intels new CEO, Lip-Bu Tan, plans to streamline the company by laying off 20% of its workforce, affecting its operations in Israel. This move follows last years 15% workforce reduction, which Tan deemed insufficient. The layoffs will impact Intels development centers and manufacturing plant in Israel, which currently employ 9,350 people. Despite the cuts, industry experts believe that affected employees will find opportunities at rival companies like Nvidia. Tans familiarity with the Israeli chip industry and his investment background suggest that Intels Israeli operations may be less affected than others. There is speculation that Intel might sell Mobileye by 2026 to improve its financial position.
LayoffsManagement Changes
growth-negative
"Bloomberg" reports that new CEO Lip-Bu Tan will announce the layoffs this week.
Intels new CEO, Lip-Bu Tan, is set to announce a significant workforce reduction, with 20% of the companys employees being laid off. This decision follows a previous layoff of 15,000 employees and is part of efforts to address Intels financial challenges. The impact on Intels operations in Israel is uncertain, but past layoffs have affected over 1,000 employees there. Tan, who took over as CEO in March 2025, aims to streamline operations and accelerate production progress. His appointment was unexpected, given his previous resignation from the board due to disagreements over layoff strategies with former CEO Pat Gelsinger.
LayoffsManagement Changes
growth-negative
Around 22,000 jobs may be cut globally, and even in the best-case scenario, hundreds of Israeli staff are expected to be affected.
Intel is preparing to cut approximately 22,000 jobs globally, including potential significant layoffs in Israel, as part of a restructuring led by new CEO Lip-Bu Tan. This move follows a previous 15% workforce reduction and is driven by revenue shortfalls. The layoffs are expected to impact non-core business functions, while critical operations in Israel, such as the Kiryat Gat manufacturing facility and R&D centers, may be less affected. Intel is also exploring strategic partnerships, including a potential joint venture with TSMC, and has sold a 51% stake in its Altera division to Silver Lake for $8.75 billion. The company aims to streamline its corporate structure and focus on revenue-generating roles.
LayoffsManagement ChangesAcquisition
growth-negative
Intel reportedly plans to lay off over 21,000 employees ahead of its Q1 2025 earnings call, according to a report from Bloomberg.
Intel is planning to lay off over 21,000 employees, which is about 20% of its workforce, as part of a strategy to streamline management and rebuild an engineering-driven culture. This move comes under the leadership of newly appointed CEO Lip-Bu Tan, who took over from Pat Gelsinger last year. The layoffs are part of a broader restructuring effort, which includes spinning off noncore units and selling a majority stake in its Altera semiconductor business to Silver Lake. Intel has been facing challenges, with its stock price dropping by approximately 67% over the past five years. The layoffs are expected to be announced this week.
LayoffsManagement Changes
growth-negative
The move may spark layoffs and internal resistance, but aims to save Intel’s foundry dream.
Intel and TSMC are reportedly in talks to form a joint venture that would involve some of Intels manufacturing facilities. TSMC would hold a 20% stake, contributing expertise rather than capital. This partnership aims to address Intels manufacturing challenges and maintain its presence in the industry. However, the move has sparked internal resistance and concerns about potential layoffs. Intels new CEO, Lip-Bu Tan, acknowledged the companys struggles and emphasized the need for improvement. Despite significant investments in new fabrication plants, Intel has faced declining revenues and profits. The joint venture with TSMC could provide a strategic solution, allowing Intel to retain some control over its manufacturing division while addressing its operational issues.
PartnersLayoffs
growth-positive
The new “Intel Inside” campaign is embracing nostalgia and underscores Intel’s broader effort to rebuild its reputation after years of missteps.
Intel has launched a new branding campaign, Thats the power of Intel Inside, as part of a broader effort to revitalize its reputation and redefine its role in the semiconductor industry. Under the leadership of new CEO Lip-Bu Tan, Intel aims to address past missteps and regain its competitive edge against rivals like Nvidia and AMD. The company is expanding into the foundry business, aiming to become a leading contract manufacturer, and is committed to improving its AI capabilities. Tans leadership emphasizes engineering excellence and execution to rebuild trust and deliver products that meet customer needs. The rebranding is a signal of Intels intent to move beyond its legacy and reclaim its stature in the industry.
Lip-Bu Tan believes middle management cuts and a foundry reset are key to a turnaround.
Lip-Bu Tan’s first address to employees hints at further cost-cutting as Intel struggles to regain its footing.
Rimon acquires 50% stake in Pach Taas after Intel contract revision impacts deal terms.
Government decision marks the beginning of a long regulatory process for energy independence at Intel’s Kiryat Gat chip plant.
growth-negative
The lawsuit, which drew ADL support, was dismissed with prejudice after the former executive’s firing.
Intel has resolved a lawsuit filed by a former Jewish employee, John Doe, who accused the company of firing him after he complained about an antisemitic supervisor. The case was dismissed with prejudice, meaning it cannot be brought again. The Anti-Defamation League supported Doe in this lawsuit, marking its first legal action against a major Fortune 500 company for workplace antisemitism. The lawsuit highlighted issues of diversity and inclusion within Intel, which maintains a policy against hate speech. The case was emotionally and politically charged, with Doe seeking anonymity due to fears of harassment, a request that was ultimately denied by the court.
growth-negative
The chipmaker moves closer to a deal, but final terms are still being negotiated.
Intel is in advanced talks to sell a majority stake in its programmable chip unit, Altera, to Silver Lake, a private equity firm. The deal is expected to value Altera at around $9 billion, significantly less than the $17 billion Intel paid in 2015. This move is part of Intels strategy to restructure amid financial pressures and declining profits. The transaction would provide Intel with a cash infusion and is seen as a step towards stabilizing its business. Silver Lakes investment highlights the growing interest in semiconductor assets by private equity firms.
AcquisitionInvestment
With Intel facing a potential breakup, its Israeli chip development and manufacturing hubs could see drastic changes—ranging from new ownership to possible cutbacks.
"Globes" considers the options for Intel Israel's 9,500 employees if the ailing chip giant is broken up and sold.
growth-negative
The once-dominant chipmaker faces a breakup as rivals and Washington weigh its future.
Intel, once a dominant force in semiconductor technology, is facing a potential breakup as it struggles with financial woes and competitive pressures. The company is in talks with TSMC for a partnership that could see TSMC take partial ownership of Intels manufacturing facilities, while Broadcom is interested in acquiring Intels chip design and marketing divisions. Despite a recent stock rally fueled by U.S. government support for domestic chip production, Intels financial situation remains dire, with significant cash burn and negative free cash flow expected to continue. The outcome of these discussions could determine whether Intel emerges as a more focused player or a dismantled entity in the semiconductor industry.
PartnersAcquired-byAcquisition
growth-negative
With AI advancements falling short, Intel's future may lie in a breakup, with two major players eyeing parts of the company.
Intel, a pivotal player in the chip and personal computing markets, is facing potential breakups as two major companies, TSMC and Broadcom, express interest in acquiring parts of its operations. TSMC is eyeing Intels manufacturing operations, while Broadcom is interested in its chip design and marketing units. These discussions are in preliminary stages, but if successful, they could mark the end of Intel as an independent entity. Intel has struggled with the mobile and AI revolutions, leading to disappointing financial results and workforce reductions. The potential deals could allow Intel to focus on its strengths, but also bring uncertainty to its operations, particularly in Israel. TSMCs acquisition would strengthen its ties with the U.S., while Broadcom could expand its product offerings.
Acquired-byLayoffs
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The potential deals could dismantle Intel’s long-standing integrated model, reshaping the semiconductor industry.
Intel is reportedly in talks to sell its chip design and marketing operations to Broadcom and its manufacturing division to TSMC. These potential deals could dismantle Intels long-standing integrated model, reshaping the semiconductor industry. The discussions are preliminary, with no formal offers made yet. If these moves materialize, Intel could transition from a vertically integrated company to a more focused entity, similar to Nvidia and TSMC. This shift comes after Intels shares plummeted by 60% last year, leading to significant layoffs. The companys interim executive chairman, Frank Yeary, is focused on maximizing shareholder value amid these potential changes.
Acquired-byAcquisitionLayoffs
growth-negative
Intel’s manufacturing struggles may force it to rely on its biggest competitor, but Washington may have other ideas.
Intel is facing significant challenges in maintaining its position as a leading chip manufacturer, struggling to compete with rivals like TSMC and Samsung. Reports suggest that TSMC may take control of Intels U.S. factories, a move encouraged by the Trump administration to bolster U.S. semiconductor manufacturing. This potential partnership could alleviate Intels financial pressures but also signify a failure to reclaim its manufacturing dominance. The deal faces political hurdles, as U.S. lawmakers may oppose foreign control over critical semiconductor production due to national security concerns. The geopolitical implications are significant, with potential impacts on U.S.-China relations. If the deal proceeds, it could transform Intel into a fabless chip designer and reshape the global semiconductor industry.
PartnersCustomersManagement Changes
Trump administration supports move, but U.S. security concerns could complicate deal.
growth-positive
Karin Eibschitz Segal takes the helm following Justin Hotard’s departure to lead Nokia.
Intel has appointed Karin Eibschitz Segal as the interim head of its Data Center and AI Group following the departure of Justin Hotard, who will become the CEO of Nokia effective April 1. Eibschitz Segal, with over two decades of experience at Intel, will lead the group as the company continues its strategic transformation. Intel is focusing on expanding its manufacturing capabilities to produce silicon chips for other companies, positioning itself as a key player in the global chip industry. This move is part of Intels broader strategy to capitalize on the growing demand for silicon chips, which is expected to drive significant industry growth.
Management Changes
growth-negative
Intel Israel CEO Karin Eibschitz Segal has been appointed Intel's interim head of Intel's data center and artificial intelligence, the third most important position at the US chipmaker.
Intel has appointed Karin Eibschitz Segal as the interim head of its Data Center and Artificial Intelligence (DCAI) division, a crucial role within the company. This division is responsible for developing processors to compete with Nvidia and AMD. Despite the overall growth in the AI field, Intels DCAI division has faced challenges, including declining revenue and postponed product launches. The appointment comes amid broader management changes at Intel, following the departure of former CEO Pat Gelsinger. Eibschitz Segal will oversee 10,000 employees globally, including several hundred in Israel, and will focus on advancing Intels AI cloud computing processors. The article was published on February 11, 2025.
Management Changes
growth-negative
Habana Labs was supposed to challenge Nvidia. Instead, Intel drove it into the ground.
Intels acquisition of Habana Labs, intended to challenge Nvidias dominance in AI processors, has been deemed a failure. Despite initial optimism, Intels management of Habana Labs led to disappointing outcomes, with the Gaudi chips failing to meet revenue expectations and the next-generation Falcon Shores receiving negative customer feedback. Intel has decided not to market Falcon Shores commercially and will instead focus on a new chip, Jaguar Shores. The acquisition is seen as a misstep in Intels history of troubled acquisitions, highlighting its struggles with integrating acquired companies. This failure marks a rare blemish on the record of Habana Labs founder, Avigdor Willenz.
Product StageCustomersAcquisitionLayoffs
growth-negative
The semiconductor giant's global workforce has dropped sharply since 2022, far exceeding initial layoff projections.
Intel is undergoing significant layoffs as part of a cost-reduction strategy, with 23,000 positions cut since the end of 2022. The company plans to cut 58 more jobs at its Folsom campus by March, adding to over 1,000 jobs lost at the site in 2023. Intels revenue has declined, and its stock price fell by 60% in 2024. The company aims to trim costs by $10 billion by 2025, including selling and leasing back its Folsom real estate. Intel is also searching for a new CEO after Pat Gelsingers departure. Despite these challenges, Intels latest earnings report exceeded low expectations, though its future remains uncertain.
LayoffsManagement Changes
growth-negative
Annual bonuses drop to 0.8 months’ salary as company's challenges mount.
Intel is facing significant financial challenges, leading to a reduction in employee bonuses in Israel to 0.8 months salary, down from previous years. Despite these challenges, Intel provided a $5,000 grant to employees affected by the war. The companys share price has fallen by about 60% in 2024, and its revenue forecast for the first quarter is below analysts expectations. Intel is undergoing restructuring, including spinning off its venture capital arm, Intel Capital, into a standalone entity. The company is also dealing with management changes, with two interim co-CEOs leading after the resignation of former CEO Pat Gelsinger. Intels efforts to compete with rivals like Nvidia in the AI chip market have been challenging.
LayoffsManagement ChangesProduct StageInvestment
growth-positive
The move to separate Intel Capital signals efforts to streamline and refocus amid ongoing struggles. The new fund, slated to begin standalone operations in the second half of 2025, will operate under a different name. Intel will remain an anchor investor, and the current Intel Capital team will transition to the newly formed entity.
Intel is transforming its venture capital arm, Intel Capital, into a standalone entity to streamline operations and focus on strategic growth. Announced by Intel, this move is part of a broader restructuring effort amid challenges such as factory delays, layoffs, and the resignation of CEO Pat Gelsinger. Intel Capital, with investments over $20 billion, will continue to operate with Intel as an anchor investor. The spinoff, set for the second half of 2025, aims to enhance Intel Capitals ability to attract new capital and support startups, particularly in Israel, where it has been a significant player. This strategic realignment reflects Intels efforts to optimize its portfolio and grant autonomy to divisions with unique growth trajectories.
InvestmentManagement Changes
growth-positive
The 3D depth camera division is based on the acquisitions of Israeli startups Omek Interactive and Invision Biometrics.
Intel has announced the spin-off of its RealSense 3D depth camera division into a standalone startup. This division, originally based on the acquisitions of Israeli startups Omek Interactive and Invision Biometrics, will continue to develop depth cameras for robotics and other applications. The new company will have around 100 employees, mostly in Israel, and will be part of Intel Capitals investment portfolio. RealSenses CEO will be Nadav Orbach, with Mark Yahiro responsible for business development. The spin-off is part of Intels strategy to focus on its core areas while allowing non-core divisions to explore market opportunities independently. Intel confirmed the transition will be smooth for its customers, with full support provided throughout the process.
AcquisitionInvestment
growth-positive
Intel to spin off RealSense as Israel-based startup
Intel has announced the spin-off of its RealSense 3D depth camera division into a standalone startup. This division was originally based on Intels acquisition of Israeli startups Omek Interactive and Invision Biometrics. The new company, RealSense, will focus on developing depth cameras for robotics and other applications, including AI technology. Intel Capital will hold shares in the new company, and the transition is expected to be completed by the first half of 2025. This move is part of Intels strategy to focus on its core areas while allowing RealSense to explore market opportunities independently.
AcquisitionLayoffsInvestment
growth-positive
The spinoff will be headed by Israeli Nadav Orbach, with plans to expand AI-powered technologies to include new innovations in stereo vision, robotics, and biometrics AI software and hardware.
Intel is spinning off its computer vision division, RealSense, into an independent company by 2025. This move is part of a strategic assessment to focus on the unique needs of the RealSense business, which will continue to develop AI-powered computer vision solutions. The new company will expand its roadmap to include innovations in stereo vision, robotics, and biometrics AI software and hardware. The spinoff is led by Israeli executive Nadav Orbach. This decision comes amid Intels broader challenges, including the departure of CEO Pat Gelsinger and significant layoffs. Despite these challenges, the spinoff is seen as a growth-positive move, allowing RealSense to focus on its specialized technologies.
Acquired-byManagement ChangesLayoffs
Once the pride of Silicon Valley, the chipmaker ends 2024 with a staggering 60% loss in market value, as rivals outpace its efforts to reclaim leadership.
growth-negative
Leadership transition at the semiconductor giant includes a significant payout for the departing CEO, amid ongoing challenges and strategic shifts.
Intel is undergoing a leadership transition as CEO Pat Gelsinger departs, receiving a severance package potentially exceeding $10 million. His exit comes amid challenges such as declining revenues, competition from Nvidia and TSMC, and difficulties in transitioning to advanced manufacturing processes. During his tenure, Gelsinger initiated ambitious projects, including two $20 billion chip factories in Arizona, but faced setbacks, including a $10 billion cost-cutting plan with 15,000 layoffs. Intel has appointed interim co-CEOs while searching for a permanent successor. Despite struggles, Intel secured over $11 billion in federal funding under the CHIPS Act to support U.S. semiconductor production.
Management ChangesLayoffs
growth-negative
מנכ"ל אינטל העולמית פט גלסינגר התפטר מתפקידו
Intels CEO, Pat Gelsinger, has resigned, marking the end of a tumultuous tenure where he attempted to revitalize the struggling company. Despite ambitious plans to separate production and development activities and adopt a foundry model, Intels stock price fell by more than half during his leadership. The company faced stiff competition in the advanced chip market, particularly for AI applications. Qualcomm expressed interest in acquiring Intel but withdrew due to complexity and antitrust concerns. Intels financial performance has deteriorated, with revenues dropping from $79 billion in 2021 to $54.2 billion in the last 12 months, and a shift from a $20 billion profit in 2020 to a $16 billion loss. Gelsingers departure follows a 15% workforce reduction. Intels market value has significantly declined, contrasting with competitors like Nvidia.
Management ChangesLayoffs
growth-negative
Missteps, delays, and strained partnerships defined his three-year journey.
Pat Gelsinger, Intels CEO, has retired after a challenging three-year tenure marked by financial struggles and strained partnerships. Despite ambitious goals, Intel failed to meet many targets, including a $20 billion investment in new factories. Gelsingers tenure saw Intels revenues drop by 33% and its share price decline sharply. His departure follows strained relations with TSMC, increased production costs, and Intels struggle to compete with Nvidia in AI. Intel announced 15,000 layoffs and a $10 billion cost-cutting plan. The board appointed interim co-CEOs while searching for a permanent successor. Despite challenges, Intel secured over $11 billion in U.S. government funding under the CHIPS Act.
Management ChangesLayoffsInvestmentPartners
growth-positive
The funding supports Intel’s push to return American manufacturing to the forefront amid shifting global technology dynamics.
Intel has been awarded a $7.86 billion government subsidy by the U.S. Commerce Department, down from an initially announced $8.5 billion, following a separate $3 billion award from the Pentagon. This funding supports Intels $90 billion manufacturing projects across several U.S. states. Despite the reduction, the subsidy is the largest under a 2022 law aimed at boosting domestic semiconductor production. Intel has faced challenges, including layoffs and narrowed margins, but remains committed to strengthening American technology and manufacturing. The company opted out of an $11 billion government loan due to unfavorable terms but plans to utilize the Treasury Investment Tax Credit. The award includes restrictions on stock buybacks and provisions for profit sharing.
InvestmentLayoffs
growth-negative
Intel reinstates coffee and tea service, acknowledging the importance of small perks for employee morale. “Although Intel still faces cost challenges, we understand that small comforts play a significant role in our daily routines,” the company stated.
Intel recently reinstated free coffee and tea services for its employees after facing backlash over its decision to cut these perks as part of a broader cost-reduction effort. The initial move was intended to save $100 million amid financial pressures and company-wide layoffs. However, the removal of these small comforts led to significant employee dissatisfaction, highlighting the importance of such perks in workplace culture. Intels reversal on this decision is seen as a gesture to improve employee morale, although the company continues to face financial challenges and has laid off 15,000 employees globally. The incident underscores the tension between Intels cost-saving measures and the need to maintain a positive work environment.
Layoffs
growth-negative
New allowance plan comes as Intel restores key perks, amid efforts to stabilize morale during massive cost reductions. “Given our progress against our savings objectives, we have decided to retain the car benefit,” Christy Pambianchi, Intel's Executive Vice President and Chief People Officer, wrote to employees.
Intel has announced the reinstatement of car benefits for employees, reversing some of its cost-cutting measures to stabilize morale amid significant layoffs. The decision, communicated by Christy Pambianchi, Intels Executive Vice President and Chief People Officer, comes as the company aims to balance savings objectives with employee satisfaction. Intels Israel division has also restored complimentary coffee and tea following employee backlash over recent cutbacks. The company is transitioning employees with company car leases to a car allowance, while pausing new entrants as it reviews the program. Intels global restructuring includes a 15,000-job reduction, impacting hundreds of roles in Israel. The reinstatement of benefits is part of Intels efforts to address employee dissatisfaction and ensure long-term sustainability.
Layoffs
growth-negative
Following employee discontent, Intel Israel partially reverses benefits cuts as it seeks to boost morale amid ongoing layoffs.
Intel Israel is facing employee discontent due to recent cost-cutting measures, including layoffs and benefit reductions. In response to backlash, the company has partially reversed some of these cuts by restoring complimentary coffee and tea stations. This move aims to boost morale amid ongoing layoffs and budget cuts. Intel Israel, part of a global initiative by Intel to reduce costs, has cut hundreds of positions locally and suspended company cars for mid- to senior-level employees. These changes have led to employee frustration and concerns about further departures. The company is attempting to address morale issues while navigating significant financial challenges.
Layoffs
growth-positive
Buyout firms Silver Lake, Bain Capital and Francisco Partners are among the potential suitors that are likely to compete to acquire a minority stake in Altera. "We remain focused on selling a stake in Altera on a path to its IPO in the coming years. To that end, we have begun discussions with potential investors and expect to conclude in early 2025," said Intel CEO Pat Gelsinger.
Intel is in discussions to sell a minority stake in its programmable chips business, Altera, to private equity firms including Silver Lake, Bain Capital, and Francisco Partners. The sale is part of Intels strategy to spin off Altera and eventually take it public. Intel aims to achieve a valuation for Altera similar to the $17 billion it paid for the company in 2015. The transaction is expected to provide Intel with a cash boost as it navigates financial challenges and missed opportunities in the AI sector. The sale process is in early stages, with initial bids expected soon, and is anticipated to conclude by early 2025.
InvestmentPublic Trading
growth-negative
As Intel grapples with layoffs and massive cost-cutting, its high-stakes $2 billion acquisition of Habana Labs in 2019 has struggled to make a dent in Nvidia’s dominance.
Intels $2 billion acquisition of Habana Labs in 2019 was intended to position the company as a formidable competitor in the AI market, challenging Nvidias dominance. However, Intel has faced significant challenges, including missed revenue targets and strategic shifts, which have complicated its AI ambitions. The integration of Habana Labs into Intel has led to layoffs and the departure of key personnel, including Habanas founders. Intels AI strategy now hinges on the Falcon Shores project, which aims to integrate Habanas technology into a hybrid CPU-GPU framework. Despite these efforts, Intels journey in the AI market remains challenging, with the company struggling to meet its initial revenue projections and facing broader restructuring efforts.
AcquisitionLayoffsManagement Changes
growth-negative
Intel’s challenges in the AI-driven chip industry are well-documented, as the company strives to pivot away from its traditional PC business and focus on data centers, AI, and foundry services. Yet, for employees, the more immediate reality is a mix of diminishing benefits, increased pressure, and fading morale.
Intel is facing significant challenges as it attempts to pivot from its traditional PC business to focus on data centers, AI, and foundry services. The company has implemented global layoffs and cost-cutting measures, including a 15% workforce reduction and the elimination of employee perks, which have negatively impacted employee morale. Intels financial struggles are evident, with a $16.6 billion loss reported, although there is hope in AI chip growth. CEO Pat Gelsingers $10 billion cost-saving plan aims to make Intel leaner, but it risks damaging company culture and employee loyalty. Intel has formed a significant partnership with Amazon, but the company must address employee concerns to retain talent and remain competitive.
LayoffsPartners
growth-negative
With coffee cuts and meal reductions, the tech industry shifts its approach to benefits.
The article discusses the reduction of employee benefits in the tech industry, focusing on companies like Intel, Meta, and Google. Intel recently discontinued free coffee services for its employees in Israel, reflecting a broader trend of cost-cutting measures in the tech sector. Meta has fired employees for misusing food stipends, while Google has eliminated free snacks. Despite these reductions, some Israeli tech companies have increased their food budgets. The article highlights the importance of benefits in attracting and retaining talent, especially in the competitive tech industry. It also touches on the shift towards hybrid work models and how these changes are reshaping employee expectations and company strategies.
Layoffs
growth-negative
Company eyes AI and data center demand as it cuts costs and reorganizes.
Intel reported a significant third-quarter loss of $16.6 billion, driven by a $15.9 billion goodwill write-off and a $2.8 billion reorganization-related write-off. The company is undergoing a major restructuring, including laying off 15,000 employees globally, with hundreds affected in Israel. Despite these challenges, Intel provided a slightly optimistic revenue forecast for the fourth quarter, driven by demand for AI and data center chips, which saw a 9% revenue increase. However, Intels computing and chip manufacturing divisions experienced revenue declines. The company aims to reduce operating costs by $10 billion by next year. Intels stock rose 15% in after-hours trading following the announcement. The company also secured a new chip production deal with Amazon.com, involving its 18A technology. Intels market value has fallen below $100 billion, and its stock has dropped over 50% this year.
LayoffsPartnersAcquisition
growth-positive
Also in our AI-native show: DoorLoop raises $100 million Series B as valuation soars
The article discusses The Edge of Tech, an innovative news experience powered by AI, where CTech collaborates with Caledo news. This AI-driven platform transforms articles into dialogues between avatars, creating engaging studio shows. The collaboration with Caledo news enhances CTechs content delivery, showcasing a unique approach to news and analysis. This development is likely to have a positive impact on CTech by positioning it at the forefront of technological innovation in journalism.
growth-negative
Following months of delay, Intel workers in Israel have days to decide whether to take a layoff package or appeal their terminations.
Intel is facing a challenging period in Israel as it initiates a wave of layoffs, affecting hundreds of employees. Workers must choose between accepting a voluntary retirement package or appealing their terminations. This move comes amid low employee morale, exacerbated by recent cuts to workplace benefits such as free coffee and fruit. The situation is further complicated by Intels decision to shut down Granulate, a company it acquired for $650 million in 2022, resulting in over 100 job losses. The restructuring efforts aim to reduce Intel Israels workforce by 15%. The uncertainty has led some employees to question their future at Intel, with many considering other employment opportunities.
Layoffs
growth-negative
Intel is closing the Israeli startup it acquired in 2022, laying off its entire workforce of over 100 employees amid sweeping global cutbacks.
Intel is closing Granulate, an Israeli startup it acquired in 2022 for $650 million, and laying off over 100 employees as part of broader global cutbacks. Despite attempts to sell Granulates operations, Intel failed to find a buyer. The closure is part of Intels strategic transformation process, which includes a $10 billion cost-cutting plan and layoffs affecting 15% of its workforce. Granulate, founded in 2018, developed software for optimizing cloud and data center performance. Intels decision to discontinue the Granulate product line aligns with its focus on core business goals. The company will continue supporting existing customers until early 2025.
LayoffsAcquisition
growth-negative
With revenues slipping and layoffs underway, Intel faces renewed questions on its data center strategy and generative AI prospects.
Intel is facing significant challenges as it anticipates reporting its largest quarterly revenue drop in five quarters. The company is grappling with layoffs and a declining market share in both the data center and personal computer sectors. Despite securing a new chipmaking deal with Amazon, Intels stock has fallen over 50% this year, and its market value has dipped below $100 billion. The companys foundry services are contributing to weak gross margins, and its efforts to capitalize on AI-driven demand have yet to yield results. Analysts and investors are questioning CEO Pat Gelsingers strategy to revive the company, with some suggesting a spin-off of its manufacturing business.
LayoffsCustomers
growth-negative
With revenue declines, strained TSMC ties, and unmet AI targets, Intel’s comeback strategy under Gelsinger reflects both ambition and deep-seated challenges.
The article discusses Intels challenges under CEO Pat Gelsinger, focusing on strained relations with TSMC, unmet AI targets, and revenue declines. Gelsingers comments on Taiwans stability led to TSMC withdrawing discounts, impacting Intels profit margins. Intels manufacturing ambitions face delays, with some customers hesitant to adopt its new 18A process. The company plans to cut over 15,000 jobs amid financial struggles. Despite setbacks, Intel remains committed to its turnaround strategy, securing significant U.S. support and aiming to regain manufacturing leadership by 2025. The article highlights Intels strategic missteps and ongoing efforts to revitalize its business.
CustomersPartnersLayoffs
growth-negative
Intel’s sweeping layoffs and cost-cutting moves mean Granulate’s operations and workforce are also in jeopardy.
Granulate, a company acquired by Intel for $650 million less than three years ago, faces an uncertain future as Intel plans to lay off hundreds of employees in Israel. Granulate, which employs around 100 people, may be closed or sold. The company specializes in real-time optimization software for cloud and data center customers. Intels cost-cutting measures, including a $10 billion plan and the layoff of 15,000 employees, have impacted Granulate. The layoffs are part of Intels broader strategy to reduce costs and restructure its operations, including making its foundry division an independent subsidiary.
LayoffsAcquired-by
growth-negative
Intel Israel employees face empty kitchen stations as company cost-cutting intensifies ahead of layoff notices.
Intel is undergoing significant cost-cutting measures, including laying off 15,000 employees, which represents over 15% of its workforce. The layoffs are part of a broader strategy to become a leaner and more flexible company. In addition to layoffs, Intel has reduced employee benefits, such as eliminating free coffee and fruit, and removing company cars, which has led to employee dissatisfaction and concerns about further resignations. These measures are intended to position Intel for long-term sustainable growth, but they have sparked frustration among employees, who feel that the company is prioritizing retirees over current staff. The changes are expected to result in hundreds of job losses, particularly affecting Intels operations in Israel.
Layoffs
growth-negative
The ruling ended a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.
The EU Court of Justice ruled in favor of Intel, ending a long-standing legal battle over antitrust issues related to rebates offered to computer makers like Dell and Hewlett-Packard. The court dismissed the European Commissions appeal, which had fined Intel 1.06 billion euros for allegedly trying to block competitor AMD. Despite this legal victory, Intel is facing significant financial challenges, leading to a major cost-cutting initiative. The company announced a $10 billion cost-cutting plan, including laying off 15,000 employees globally. Recent layoffs have affected over 2,250 employees in the U.S., with significant numbers in Oregon, Arizona, California, and Texas. Intels foundry division will also become an independent subsidiary as part of restructuring efforts.
Layoffs
growth-negative
In the U.S., companies are required to reveal mass layoffs by law, but in Israel, they are free to keep the public in the dark. This discrepancy raises concerns about the accountability of tech giants and leaves the likes of Intel Israel employees in limbo.
Intel is executing a global layoff plan affecting 15,000 employees, including hundreds in Israel. Unlike in the U.S., where companies are legally required to disclose mass layoffs, Israeli law does not mandate such transparency, leaving Intels Israeli employees uncertain about their future. This lack of disclosure raises concerns about corporate governance and accountability in Israels tech industry. The layoffs are part of Intels $10 billion cost-cutting strategy aimed at long-term growth. The situation highlights the need for Israel to reconsider its labor laws to ensure greater transparency from tech giants, especially during mass layoffs, to protect workers and the local economy.
Layoffs
growth-negative
The chip giant parted ways with thousands of employees in Oregon, Texas, California and Arizona this week, according to reports in the US, as it closes on its target of cutting 15,000 jobs. Hundreds of employees are set to be laid off in Israel at the end of October.
Intel is undergoing significant layoffs as part of a $10 billion cost-cutting plan announced in August. The company aims to reduce its workforce by 15,000 employees, with over 2,250 layoffs already occurring in the U.S. this week. The majority of these layoffs took place in Oregon, with additional cuts in Arizona, California, and Texas. Layoffs in Israel are scheduled for the end of October due to the Jewish holidays. Intels strategy is to become a leaner and more agile company, positioning itself for long-term sustainable growth. The foundry division will also become an independent subsidiary. CEO Pat Gelsinger emphasized the difficulty of these decisions but stressed their necessity for the companys future.
Layoffs
growth-positive
The two companies work together to ensure software consistency as they face challenges from Arm Holdings' architecture.
Intel and AMD have announced the formation of a new advisory group to ensure software compatibility across their x86 chips, a move aimed at countering the growing competition from Arm Holdings. The group will include founding members such as Broadcom, Dell Technologies, Lenovo Group, and Oracle. This collaboration seeks to address the challenge of software needing tweaks to work across Intel and AMD chips, unlike Arms architecture, which ensures compatibility across all its chips. The announcement was made at a Lenovo-hosted developer event in Seattle, where Intels CEO emphasized the adaptability and growth potential of x86 technology, particularly with AI advancements.
Partners
growth-negative
While many Intel employees across the world will find out this week if they are being let go, the cutbacks in Israel won’t take place before the last week of October following the conclusion of the Jewish holidays.
Intel is undergoing significant layoffs as part of a $10 billion cost-cutting plan, affecting approximately 15,000 employees globally. The layoffs in Israel are delayed until the end of October due to the Jewish holidays. The first phase of the cutbacks began in August, and the second phase involves restructuring Intels foundry division into an independent subsidiary. Many experienced employees opted for early retirement, receiving substantial severance packages based on their tenure. The layoffs are part of broader measures, including canceling leasing programs and reducing employee benefits, to streamline operations and reduce costs.
Layoffs
growth-negative
With employees who selected early retirement officially leaving the company at the end of September, layoffs are set to ramp up soon.
Intel is undergoing significant restructuring, including layoffs and cost-cutting measures. The company plans to lay off approximately 15,000 employees by the end of the year, with many employees already notified. This is part of a $10 billion cost-cutting initiative announced in August, which also includes reducing real estate holdings and restructuring the foundry division into an independent subsidiary. The layoffs are aimed at reducing workforce costs, with voluntary early retirement packages offered to senior employees. Intels CEO, Pat Gelsinger, has communicated that these measures are necessary to meet the companys financial targets.
Layoffs
growth-negative
On the anniversary of the October 7 atrocities, Intel's CEO offered support and recognition of employee resilience.
On the anniversary of the October 7 attacks by Hamas, Intels CEO Pat Gelsinger addressed employees in Israel, acknowledging their resilience amidst ongoing conflict. He expressed gratitude for their commitment and highlighted the emotional challenges faced over the past year. Gelsinger emphasized the strength and solidarity of Intels diverse community, while also noting the companys current challenges, including potential layoffs and investment talks with Apollo. He expressed hope for healing and a return to joy for employees. The article also mentions Intel nearing $8.5 billion in U.S. funding and potential acquisition interests from Qualcomm and Arm.
LayoffsInvestmentAcquisition
growth-positive
חבל הצלה לאינטל? ענקית ההשקעות אפולו מציעה להשקיע בה 5 מיליארד דולר
Apollo Global Management has proposed to invest in Intel, signaling confidence in the chip manufacturers new strategy. This move, reported by Bloomberg, suggests a positive outlook for Intels future under its revised strategic direction. The investment by Apollo is seen as a vote of confidence in Intels ability to innovate and grow in the competitive semiconductor market.
Investment
growth-positive
Intel-Qualcomm merger talks: Will this deal reshape the global chip market? | CTech
Qualcomm is considering acquiring Intel, a move that could significantly impact the chip industry. The merger could create a formidable competitor to Nvidia in the AI chip market and bolster the U.S. as a global chip manufacturing hub. However, the deal faces substantial regulatory hurdles and financial challenges. Qualcomm may need to raise capital or sell parts of its operations to fund the acquisition. The merger could optimize operations and enhance both companies capabilities, but integration complexities and organizational differences pose significant risks. The deal is still in its early stages, and regulatory approval is uncertain.
Acquisition
growth-negative
"הרצפה רועדת": עובדי אינטל ישראל נערכים לקראת פיטורים בחגים
Intel Israel, the largest employer in the Israeli high-tech sector, is preparing for a significant wave of layoffs, expected to be the most extensive the company has experienced in years. The layoffs are anticipated to occur this month, with some groups facing cuts of 10%-20%. Intel will also need to focus on retaining the remaining employees whose conditions have been affected. The company recently closed a window offering voluntary retirement packages, with those who accepted expected to leave by the end of the month. Despite the challenges, Intel remains committed to Israel.
Layoffs
growth-negative
What Intel split might mean for Israel
Intels share price rose by nearly 10% following a Bloomberg report that the company’s board is considering strategic measures to address liquidity issues, including selling divisions and splitting the company into two entities: one for production and one for chip development. CEO Pat Gelsinger, who took over in 2021, has faced challenges with cash flow, declining profit margins, and delayed factory constructions. Investors are pressuring for a spin-off, similar to AMDs successful split in 2008. The potential split could impact Intels operations in Israel, where budget cuts and layoffs are already occurring. The split might lead to selling divisions to private equity funds or other companies like Broadcom.
InvestmentLayoffsManagement Changes
Growth-Negative
Intel to announce mass layoffs - report
Intel, the largest employer in Israels technology sector, is planning to lay off thousands of employees to finance technological development and regain its market share. The decision comes as the companys share price has fallen nearly 40% this year, making it the most disappointing semiconductor stock on Wall Street. The companys strategy of expanding production capacity to manufacture chips for other companies has not attracted new customers, and its investments in new foundries have been halted due to negative cash flow. Intel has also struggled to gain a foothold in the AI market, losing market share to rivals like Nvidia and AMD.
LayoffsInvestmentCustomers
Growth-Negative
"Intel can no longer afford to build a production line without knowing in advance who its customers will be" | CTech
Intel has frozen the expansion of its factory in Kiryat Gat, Israel, a project worth $25 billion. This decision is due to the companys internal financial troubles and the lack of customers for the new plant. The freeze could have significant impacts on the Israeli economy and raises questions about the countrys geopolitical situation. Intel, the largest private employer in Israel, has also informed several infrastructure providers to halt work on the factory expansion. The factory was intended to be the first Intel factory in Israel to produce for both the company and external customers. However, Intels financial situation and the blocked $5.5 billion deal to acquire Israeli company Tower have complicated matters.
CustomersInvestmentLayoffs
Intel halts construction of new $25 billion factory in Israel
How a Shifting AI Chip Market Will Shape Nvidia’s Future
growth-positive
Intel Foundry launch poses challenge for Israel operations
Intel CEO, Pat Gelsinger, has announced the launch of Intel Foundry, a new division aimed at manufacturing AI chips for both Intel and other companies. The move is part of Intels strategy to become the worlds second-largest chip manufacturer after Taiwans TSMC and to regain its position as the top chip manufacturer in the US. The new division will include all of Intels existing manufacturing fabs worldwide and will focus on services for external customers and developing future production processes. The announcement marks a significant shift in Intels business strategy and is the biggest organizational change the company has undergone since its founding in 1968.
ExpandPartners
growth-positive
הישג לאינטל: חתמה על עסקת ענק לייצור שבבים עבור מיקרוסופט ב-15 מיליארד דולר | כלכליסט
Intels Foundry division has signed a $15 billion deal to manufacture chips for Microsoft. The companies did not specify which chip Intel would produce, but Microsoft recently announced it is developing an AI chip. This is a significant achievement for Intels Foundry division, which is at the heart of CEO Pat Gelsingers vision for the companys future. As part of its Foundry strategy, Intel is building new chip factories, primarily in the US and Israel, with investments of tens of billions of dollars, aiming to serve companies like Apple, Google, Amazon, and Nvidia that develop chips but do not manufacture them themselves.
PartnersExpand
Growth-Positive
Intel Said to Seek $2 Billion from Partner for Irish Chip Plant
Intel Corp. is looking to raise at least $2 billion in equity to fund a semiconductor fabrication facility in Ireland. The company has begun soliciting interest from potential investors. This follows Intels 2022 deal with Brookfield Infrastructure Partners, where the firm agreed to invest up to $15 billion for a 49% stake in Intels manufacturing expansion at its Ocotillo campus in Chandler, Arizona.
InvestmentExpand
growth-positive
Intel-Israel negotiations revealed: What did the chip giant demand for $25 billion investment? | CTech
Intel plans to invest $25 billion in building a mega-factory for chip production in Kiryat Gat, Israel. The decision follows a year of negotiations with Israels Ministry of Finance, which agreed to increase Intels grant to 12.8% of its investment. However, the corporate tax Intel will pay will rise from 5% to 7.5%. The Israeli government has agreed to give Intel a $3.2 billion grant for the new plant, which is expected to open in 2027 and operate through 2035. Intel currently operates four development and production sites in Israel and employs nearly 12,000 people in the country.
InvestmentExpand
growth-positive
אינטל מנסה לסגור את הפער מאנבידיה: מפצלת את פעילות ה-AI לחברה עצמאית | כלכליסט
Intel has announced a spin-off of its AI software development activities into a new independent company, Articul8, which will develop and provide generative artificial intelligence (GenAI) solutions for businesses. The new company is established in partnership with investment company DigitalBridge. The move is expected to help improve Intels position in the hot technology market, where it is lagging behind Nvidia. Articul8 will be led by former head of Intels data center and AI group, Aron Sabramanian, and will have an independent board.
PartnersInvestment
Growth-Positive
Intel to invest $25b in chip factory in southern Israel - ISRAEL21c
Intel has confirmed plans to build a new chip factory in Kiryat Gat, Israel, where it already operates a foundry. The new facility is part of Intels efforts to foster a more resilient global supply chain and will create thousands of employment opportunities. The Israeli government will contribute $3.2 billion towards the construction. Intel will invest a total of $25 billion, including a commitment to purchase $16.6 billion worth of goods and services from Israeli suppliers over the next decade. The new plant, which will specialize in producing advanced chips for companies such as Apple and NVIDIA, is due to open in 2027.
InvestmentExpand
Growth-Positive
AMD’s AI Optimism Helps Investors Look Past Tepid Forecast
Advanced Micro Devices Inc. (AMD) has announced that its new AI chip, the MI300 processor, is expected to generate $2 billion in sales in 2024. The chip, which will compete with Nvidia Corp. products in the AI accelerators market, has received strong early orders, particularly from large cloud computing customers. Despite a sales forecast that fell short of Wall Street estimates, the companys shares recovered almost all of their initial loss after the AI chip announcement. However, AMD expects lower sales in the gaming segment and a continued weakening in the embedded market.
CustomersInvestment
growth-positive
AMD’s New AI Chip Poised to Steal Earnings Spotlight
Advanced Micro Devices Inc. (AMD) is set to challenge Nvidia Corp. with its new artificial intelligence accelerator chip, the MI300. The chip is seen as AMDs best hope of competing with Nvidias H100, which has helped Nvidia become the first trillion-dollar semiconductor maker. The MI300 chip is expected to debut in the fourth quarter, and how quickly it wins customers is seen as key to the direction of AMDs stock. AMDs CEO Lisa Su is expected to detail how AMD is navigating an improving environment for personal computers and lackluster demand for server chips.
CustomersInvestment
growth-positive
AMD’s New AI Chip Poised to Steal Earnings Spotlight
Advanced Micro Devices Inc. (AMD) is set to challenge Nvidia Corp. in the artificial intelligence (AI) accelerator chip market. AMDs new MI300 chip, which is expected to debut in Q4, is seen as the companys best hope of competing with Nvidias H100. The MI300 chip was mentioned nearly 40 times in AMDs earnings call in August, indicating its importance to the companys future. Despite a sluggish demand for server chips, AMDs shares are up 47% this year. CEO Lisa Su has projected that the market for accelerators such as MI300 will reach $150 billion by 2027.
CustomersInvestment
Growth-Positive
Intel Jumps After Upbeat Forecast Shows Comeback Is Underway
Intel Corp. has predicted a return to sales growth in the fourth quarter, driven by an improving personal computer market and a more competitive product line. The companys sales in the period will be $14.6 billion to $15.6 billion, compared to an average analyst estimate of $14.4 billion. The positive outlook shows growing momentum for Intel’s turnaround efforts under CEO Pat Gelsinger. The company has said that the PC market, its biggest business unit by shipments, is through the worst of a historic slump caused by a buildup in inventory. However, its server unit is still struggling due to a shift in customer spending toward chips made by Nvidia Corp.
CustomersManagement Changes
growth-positive
Qualcomm Unveils New PC Chip in Challenge to Apple, Intel
Qualcomm Inc. has unveiled a new laptop processor, Snapdragon X, in its ongoing bid to break into the personal computer market. The new chip is said to outperform rival products from Intel Corp. and Apple Inc., with Qualcomm claiming it is twice as fast as a similar 12-core processor from Intel, while using 68% less power. The Snapdragon X also boasts features specifically designed for artificial intelligence software. The announcement follows Qualcomms acquisition of startup Nuvia Inc. in 2021, which provided the company with new chip designs. Qualcomms stock gained as much as 1.5% following the announcement.
InvestmentExpand
Growth-Positive
Nvidia to Challenge Intel With Arm-Based Processors for PCs
Nvidia Corp. is reportedly developing chips using Arm Holdings Plc technology to compete with Intel Corp. processors in the personal computers market. The central processing units (CPUs) would run Microsoft Corp.’s Windows operating system and could be available for sale as early as 2025. Advanced Micro Devices Inc. (AMD), Intels main rival in PCs, is also reportedly working on Arm-based processors. The news led to a 3.1% drop in Intel shares. Nvidias move comes at a challenging time for Intel, which has been struggling to regain market share and its technological edge.
PartnersExpand
How Global Conflict Led to a Surprising Plan to Make Apple Chips in a Desert
Growth-Positive
Intel CEO Needs to Land a Big Customer, and the Clock Is Ticking
Intel Corp. CEO Pat Gelsinger is leading a massive expansion of the companys chip manufacturing capabilities, with the goal of becoming a foundry for other companies. However, the company is still in need of major customers to justify the expansion. Intel has traditionally designed and built its own chips, but lost its technological edge, leading some customers to switch to competitors. The company is now building factories in Arizona, Ireland, Israel, and Germany, with its largest facility set to be in Ohio. Ericsson AB and Amazon.com Inc. are considering using Intels services, and Qualcomm Inc. is looking at Intels 2025 chipmaking technology.
CustomersExpand
PC shipments hit rock bottom: Could Q4 2023 be a reset for PC makers?
Israel-Related Stocks Fall Globally After Hamas Shock Attack
Growth-Negative
Stock Market Today: Dow up despite Israel-Hamas war as Fed members signal caution
The Dow closed higher on Monday despite rising geopolitical tensions and a cautious tone from Federal Reserve officials on further rate hikes. Defense stocks including Lockheed Martin, L3Harris Technologies, and Northrop Grumman surged on expectations of increased defense spending due to the Israel-Hamas conflict. Energy stocks also rose, led by Chevron, after Israel ordered the shutdown of a natural gas production platform due to safety concerns. However, U.S. airlines including Delta, United, and American Airlines saw a decrease after cancelling flights to Israel. Tech companies Intel and Nvidia also faced potential setbacks due to the conflict.
CustomersPartnersManagement Changes
growth-positive
Intel to Make Altera Unit Into Standalone Business, Seek IPO
Intel Corp. is planning to turn its programmable chip division, the Programmable Solutions Group (PSG), into a standalone business and either sell shares to the public or seek an investor for it. This move is part of CEO Pat Gelsingers strategy to extract more value from the semiconductor company. The PSG was created from Intels acquisition of Altera Corp. in 2015. Intel intends to conduct an IPO for PSG in the next two to three years and may explore opportunities with private investors to accelerate the businesss growth. Intel will retain a majority stake in the business.
InvestmentPublic TradingManagement Changes
growth-positive
Intel Rides Made-in-America Wave to Big Stock Gain
Intel Corp. shares have shown signs of growth, being the best performer in the Philadelphia Stock Exchange Semiconductor Index over the past month. The company is viewed as a potential beneficiary of geopolitical tensions with China as it bolsters chipmaking facilities in the US. Intels shares are up by nearly 20% over the past three weeks. The companys plan involves heavy spending, building and extending facilities in the US and Europe. This may help if the relationship between the US and China deteriorates further, creating more incentive for other companies to use Intel as an outsourced manufacturer.
InvestmentExpand
growth-positive
הדרך ל-AI עוברת במלך חדש לדאטה סנטר
Intel Israel has been developing the Infrastructure Processing Unit (IPU) in close collaboration with Google Cloud. The IPU is a control unit designed to manage complex data center infrastructure, coordinating various components and operations. The partnership with Google Cloud has allowed Intel to understand the needs of different industries and provide optimal solutions for data centers. The IPU is being developed under Intels Enclave program, which encourages independence, entrepreneurship, and collaboration. The program also offers significant quarterly bonuses for meeting project milestones.
Partners
Growth-Negative
Chip Leaders Head to Washington to Lobby for China Rules Relief
Senior executives from Intel Corp., Qualcomm Inc., and Nvidia Corp. are planning to lobby against the Biden administrations impending restrictions on the sale of certain chips and semiconductor manufacturing equipment to China. The companies argue that being cut off from their largest market will harm their ability to advance their technology and ultimately undermine US leadership. The restrictions, which were announced in October, have already impacted revenue for chip equipment makers and some device makers. The administration plans to strengthen these measures.
CustomersPartners
Intel invests $4.6 billion in new chip plant in Poland
growth-positive
Intel to upgrade new Kiryat Gat fab with $15b investment
Intel has reached an agreement with the State of Israel to upgrade its new fab in Kiryat Gat. The company will invest an additional $15 billion, in exchange for Israel raising its grant for construction to $3.12 billion. The fab is expected to produce processors using seven nanometer technology. As part of the agreement, Intel will hire thousands more people in Kiryat Gat. The investment is seen as a massive expression of confidence in the Israeli economy and is expected to boost economic growth and create high-quality employment. The fab is set to become operational in 2027 and continue operating until at least 2035.
Investment
growth-positive
Israel’s Netanyahu Touts Expanded Investment by Intel Amid Tech Backlash
Israeli Prime Minister Netanyahu announces expanded investment by Intel amid tech industry backlash over his plan to overhaul Israels judiciary.
Investment
growth-positive
Intel Israel registers record exports of $8.7 billion in 2022, accounting for 1.75% of Israel's entire GDP | CTech
Intel Israel posted record exports of $8.7 billion in 2022, representing 1.75% of Israels GDP and 5.5% of Israeli high-tech exports. The companys Corporate Responsibility Report highlights inclusivity, diversity, and increased purchases from diverse suppliers. Intel Israel directly employs 11,700 employees and creates indirect positions for approximately 42,000 workers in Israel.
CustomersExpand
growth-negative
הקיצוצים באינטל ישראל נחשפים: מצבת העובדים הצטמקה ב-300 בשנה
Intel Israel reports a decrease of 300 employees compared to the previous year. The company currently employs 11,700 workers in its production facilities and development centers. The decrease in the number of employees is attributed to various factors, including layoffs, early retirement plans, and employees leaving for other companies. Intel also reports a jump in exports from Israel, reaching $8.7 billion in 2022. The companys global restructuring plan aims to reduce expenses by $10 billion and includes new retirement plans and layoffs.
Layoffs
growth-negative
Third round of layoffs at Intel will hit Israel
Intel is implementing a round of layoffs in order to reduce costs. The layoffs will primarily affect the PC chip making division, which is active in Israel. The companys economic performance has been impacted by a decline in PC sales, product launch delays, and increased competition in datacenter processors. Analysts predict that Intel could shed 20% of its workforce in the Datacenter and AI and Client Computing Groups. The layoffs have the potential to affect Intels activities in Israel, where it has thousands of employees. Intel has already cut various projects and offered voluntary retirement plans to employees. The CEO and senior managers have also taken pay cuts. Despite the layoffs, Intels global headcount increased in 2022. Intel has not provided specific details about the planned layoffs but stated that it is focused on cost reductions and efficiency gains.
Layoffs
growth-positive
אינטל הכריזה על מעבדי Xeon שתוכננו ליישומי AI תובעניים - Techtime - חדשות אלקטרוניקה והייטק
Intel has announced the fourth generation of Xeon processors, designed to meet the new needs of cloud applications, data centers, and servers. The processors, named Sapphire Rapids, were developed with significant contributions from Intels development centers in Israel. They include new technologies such as Intel AMX for improving neural network processing and Trust Domain eXtensions for cloud application security. The new processors will be manufactured at Intels factory in Kiryat Gat, Israel. Customers such as AWS, Google, IBM, Oracle, and Microsoft have already ordered the new processors.
CustomersExpand
growth-positive
Intel Israel appoints new co-CEOs following Yaniv Garty's departure | CTech
Intel Israel has appointed Karin Eibschitz-Segal and Daniel Benatar as co-CEOs following the departure of Yaniv Garty. The appointment of the co-CEOs is part of Intel Corporations IDM 2.0 strategy to connect development and production. Eibschitz-Segal and Benatar will keep their current roles as General Manager of Intel Israel Development Center and co-General Manager of Intel Worldwide Semiconductor Manufacturing, respectively. The co-CEOs will assume their new roles on January 31, 2023. The appointment comes after Intel Israel laid off dozens of employees across several departments.
Management Changes
growth-negative
Intel Israel lays off dozens of employees as part of global cutbacks | CTech
Intel has laid off dozens of employees in Israel as part of its cost-cutting measures. The layoffs affect several departments, but the total number is relatively small compared to Intels overall workforce in Israel. The company announced two months ago that it would be implementing cutbacks globally to reduce expenses. The layoffs in Israel may be the start of a trend that will continue in 2023. Intels CEO, Pat Gelsinger, previously outlined plans to create an internal foundry model for external customers and the companys product lines. Despite the layoffs, Intels growth plans in Israel, including the construction of a new manufacturing center and the establishment of new R&D centers, remain unchanged.
Layoffs
growth-positive
Intel seeks $3.5b from Mobileye despite sluggish IPO market
Mobileye, an autotech company, is reviving its plans for a huge IPO on Nasdaq. The company filed a prospectus, although the valuation at which Mobileye seeks to make the offering is not stated. Mobileyes revenue grew by 21.3% in the first half of 2022 compared to the same period in 2021. However, the company posted a net loss of $67 million for the first half of 2022. Mobileyes largest customers are ZF, Valeo, and Aptiv. The prospectus also highlights risks such as competition, microchip shortage, dependence on STMicroelectronics, and supply chain difficulties. CEO Amnon Shashuas importance to the company is emphasized, and he promises to stay committed to Mobileyes goals. The IPO, if successful, could become the biggest IPO of the year in New York.
Public TradingInvestment
growth-positive
מעבד כחול לבן: אינטל השיקה דור מעבדים חדש, שפותח בישראל | כלכליסט
אינטל השיקה את דור המעבדים ה-13 שלה, ראפטור לייק, בישראל. המעבד פותח במשרדי אינטל בחיפה והשקתו גרמה לגיוס עיתונאים ובלוגרים מכל העולם. הפיתוח של המעבד נעשה על ידי צוות מקומי.
CustomersPartners
growth-positive
Intel unveils Israel-developed Raptor Lake processors
Intel has launched its 13th Gen Intel Core family, including six new desktop processors with up to 24 cores and 32 threads. The processors, dubbed Raptor Lake, were developed in Israel and offer enhanced gaming, streaming, and recording experiences. Intel claims that the 13th Gen Intel Core i9-13900K is the worlds fastest desktop processor. The new processors are said to provide up to 15% better single-threaded performance and up to 41% better multi-threaded performance. The launch event was attended by 90 senior tech journalists from around the world.
Customers
מעבדי Raptor Lake של אינטל מיוצרים בישראל - Techtime - חדשות אלקטרוניקה והייטק
growth-positive
ישראלית בצמרת אינטל: שלומית וייס מונתה למנהלת הראשית של ארגון ההנדסה של ענקית השבבים | כלכליסט
Intel has announced the appointment of Shlomit Weiss as the new head of its global Design Engineering Team (DEG). Weiss, who has over 30 years of experience in chip design and development, will be the second Israeli to sit on Intels senior management team. She will report directly to Intel CEO Pat Gelsinger. Weiss replaces Sunil Shenoy, who announced his retirement. This is the first time an Israeli woman has been appointed to such a senior role at Intel.
Management Changes
growth-positive
Kiryat Gat provides Intel with option to expand
The National Planning and Building Commission subcommittee has approved changes to the Kiryat Gat district outline plan, allowing for an additional 400 acres to be zoned for industrial purposes. This gives Intel the option to expand in the city. Intel currently has one operational fab in Kiryat Gat and is constructing another with an investment of $10 billion. Due to the global chip shortage, Intel is considering constructing more fabs, with Israel being one of the options. However, there is no certainty that Intel will build a third plant in Israel.
InvestmentExpand
Intel to invest $600 million to build new chip R&D centers in Israel - I24NEWS
Growth-Negative
אינטל מקפיאה את גיוס העובדים לחטיבת שבבי ה-PC; בישראל צפויה האטה בקצב הגיוס כלכליסט
Intel has announced a temporary halt to recruitment and a shift in its hiring priorities. The companys CEO, Pat Gelsinger, informed employees of the move, stating that the company is temporarily stopping recruitment and putting open positions on hold. This comes as Intel attempts to adapt to the changing realities of 2022 and align its recruitment with expected growth areas. The company is also in the process of reorganising and trying to regain its position as a leader in the processor field. Despite the recruitment freeze, Intel plans to continue its current recruitment processes for about 23,000 employees.
LayoffsManagement Changes
growth-positive
Intel Inside: CEO shares his plans to restoring the chip giant's supremacy CTech
Intel CEO Pat Gelsinger has outlined his plans for the companys future, including further expansion in Israel. This follows the recent acquisition of Israeli chipmaker Tower for $5.4 billion. Gelsinger also hinted at more acquisitions in Israel in the near future. He also discussed the companys plans to establish a chip manufacturing plant for external customers, a move partly motivated by the acquisition of Tower. Gelsinger also confirmed that Intel is on track to complete the IPO of Mobileye, its autonomous vehicle division, by the end of 2022.
AcquisitionExpand
growth-positive
Intel unveils two Israel-developed products at CES
Intel has launched the Core i9 12900HK mobile processor for laptops and announced the integration of Screenovates cross-platform communication into Evo PCs. The Core i9 12900HK is part of the Alder Lake series and offers broad memory support and connectivity features. Last month, Intel acquired Israeli startup Screenovate, which provides a platform for streamlining user experience across different devices and operating systems. Intel plans to install Screenovates cross-platform communication application in its premium Evo PCs and hopes to add these capabilities to its processors in the future.
Partners
growth-positive
Intel acquiring Israel's Screenovate for $150 million
Israeli startup Screenovate, which develops screen duplication solutions, is being acquired by Intel for an estimated amount of $150 million. Screenovate has developed technology that allows smartphone screens to be projected onto TVs and computers, as well as scan, print, and copy files. The acquisition will strengthen Intels Evo platform and improve the user experience on PCs. Screenovate has raised $8 million to date and employs 40 people. The company has strong partnerships with leading players in the industry. The acquisition aligns with Intels goal of providing innovative solutions for seamless device interaction.
Acquisition
growth-negative
Israel has major role to play in Intel revival
Intel is facing significant challenges as it loses its lead in the chip market to rivals such as Nvidia and Qualcomm. The company has also faced criticism for its corporate culture and has seen a number of employees defect to competitors. However, Intel is intensifying its hold on the Israeli technology industry, with its total chip exports from Israel reaching an all-time high of $8 billion last year. New CEO Pat Gelsinger is focusing on areas where Intel’s Israeli centers have an advantage, such as computer and server chips and artificial intelligence (AI) chips. The company is also investing in Habana Labs and Mobileye in Israel.
Management ChangesInvestment
growth-negative
Intel shuts down sports division, sells part of it to Verizon
Intel is shutting down its sports division, which was largely based on the 2016 acquisition of Replay, an Israeli company. The division developed a 3D technology called Trueview for watching sporting events in 360 degrees. Intel had hired PJT Partners to sell the division, but it has now been revealed that part of the operation will be sold to Verizon while the rest will be shut down. The technology is currently installed in 19 NFL stadiums and several soccer stadiums in Europe. Most of the Israeli employees have received offers to move to Mobileye, another company acquired by Intel in 2017. Intel stated that it is focusing on advancing innovative technologies that support its core businesses.
AcquisitionPartners
growth-positive
Intel Israel appoints Arab vice president for the first time
Intel Israel has appointed an Arab Israeli as a vice president for the first time. Reda Masarwa, from the city of Taybeh in central Israel, received the promotion after 24 years at the company. Arab Israelis are underrepresented in Israels high tech sector, accounting for only around two percent of workers, despite making up 20% of the national population. The government is reportedly set to implement a five-year plan worth over NIS 500 million ($154 million) to boost high-tech and science programs in Israels Arab community.
Customers
growth-positive
Intel unveils its IPU, while on the hunt for new talent
Intel has unveiled its vision for the infrastructure processing unit (IPU), a new device designed to relieve the load from CPUs and manage server data communication in the cloud. The company aims to better utilize resources and balance processing and storage for customers. Intels Data Center communications group, led by Ilan Avital, developed the IPU. The chip is expected to improve the performance of web services and enable the development of advanced services for end consumers. In addition to the IPU announcement, Intel is actively recruiting engineers, with about 50 job openings available in hardware, validation, and software engineering.
Expand
growth-positive
Intel to hire 1,400 new employees, establish $200 million campus in Haifa
Intel, the largest private employer in Israel, plans to hire 1,000 new employees for its R&D centers and 400 employees for Habana Labs. The company will also invest $200 million in establishing a new campus in Haifa. The CEO of Intel-Israels Development Center stated that the recruitment process is already underway and that the company is working closely with academia to attract talent. The new CEO of Intel Corp., Pat Gelsinger, will visit Israel to announce the new center and other company announcements. The new building in Haifa is expected to be completed by 2023 and will accommodate 6,000 employees. Intel currently employs 14,000 people in Israel.
Expand
growth-positive
Intel's Habana Labs hiring hundreds for AI chip development in Israel
Intels AI chip development group, Habana Labs, is expanding and hiring 400 developers in Israel, the US, Poland, and India. This comes after Nvidia announced its plans to hire 600 chip developers in Israel. Habana Labs, which was acquired by Intel in 2019, has seen its workforce grow from 180 to 800. The company is expanding its physical infrastructure and moving to new offices in Tel Aviv and Caesarea to accelerate software development and support for AI. Habana Labs is at the forefront of Intels efforts to produce AI chips for data centers and is competing against cloud computing giants like Amazon, Google, Microsoft, IBM, and Oracle. The companys chips reportedly have a 40% better cost-performance ratio than Nvidias AI chips. Intel and Amazon Web Services (AWS) have also announced a strategic partnership on AI chips.
Expand
growth-positive
אינטל משיקה את מעבדי רוקט לייק שפותחו בישראל
Intel has launched its new Rocket Lake processors, which were developed in Israel. The processors are designed to compete with AMDs gaming processors. Despite being developed for a 10-nanometer size, they were produced on a 14-nanometer platform. Sharon Almozlino, Intels development manager, stated that these would be the best gaming processors of 2021. The processors are produced in Ireland and are a combination of old and new technology. Intel has invested about $2 billion in manufacturing processes in recent years.
Customers
growth-positive
Six Intel-Israel executives are moving up the corporate ladder
Intel has made six appointments, promoting Israelis to executive positions within the company. The appointments signal that there is room for growth at Intel, Israels largest employer. The new vice presidents will be working on complex technological challenges and play a role in the success of the global organization. Intel is proud to provide opportunities for its employees to influence the processes and products the company develops. The appointments include Uri Frank as a corporate Vice President, Ran Berenson as a VP in the Core & Client Development Group, Ophir Edlis as an Intel Fellow in the Client Computing Group, Ilan Bressler as a VP in the Client Compute Group, Ofir Bochobza-Degani as an Intel Fellow in radio circuits technologies, and Yehonadav Moshe as a VP in the IP Engineering Group. Intel is the largest employer in Israel with 13,950 employees and represents a significant portion of the countrys tech export and GDP.
Management Changes
growth-positive
https://www.jpost.com/israel-news/intel-israel-marks-best-financial-year-ever-give-employees-huge-bonuses-656953
Intel employees in Israel received bonuses reaching nearly 3 times their usual salaries as the company marked the end of the business year. Despite the challenges of the pandemic, Intels income reached $78 billion, showing an 8% growth within one year. The global high-tech industry, including Intel, thrived during the pandemic due to increased demand for technological products and digitized services. Intel is the largest employer in Israels high-tech industry, directly employing 13,000 workers and indirectly contributing to the employment of 53,000 individuals. The company recently introduced a new system for facial recognition-based ATM withdrawals and announced the replacement of its CEO, Bob Swan, with Pat Gelsinger.
CustomersManagement Changes
growth-negative
Intel coming closer to production outsourcing
Intels stock performance declined after the announcement of delays in the switch to semiconductor production using seven nanometer architecture. Outgoing CEO Bob Swan will be replaced by Pat Gelsinger. Gelsinger expressed confidence in the companys internal production for most products in 2023 but also mentioned the possibility of outsourcing for certain technologies and products. The delays in production benefit Intels competitors ARM and Nvidia, as well as companies like Google, Facebook, Apple, and Amazon. Intels financials for Q4 2020 exceeded expectations, with record revenue in the personal computers and data centers segments. Intels total revenue for 2020 was $77.9 billion. The possibility of outsourcing production should not cause concern in Israel, where Intel has a significant presence. A minor scandal occurred when a graphic presentation of the financials was leaked before the official release.
Management ChangesExpand
growth-positive
אינטל משיקה 50 מעבדים חדשים - חלקם פותחו בישראל
Intel announced the launch of around 50 new processors at CES 2021, including the Core H-Series for gaming laptops and the Rocket Lake and Alder Lake families. The processors are designed for a wide range of computers, from lightweight Chromebooks and Windows laptops to gaming laptops and desktops. Intel also showcased new security technologies, including Hardware Shield and cybersecurity technology developed by Israeli company Cybereason. The company aims to improve performance, reduce the size of gaming laptops, and enhance data security. The S-Series processors for gamers and the next-generation Alder Lake processors were also demonstrated. The processors will be released in the first and second halves of 2021, respectively.
CustomersPartners
growth-positive
Intel reveals Israel-developed facial authentication to secure financial transactions
Intel has introduced its new on-device solution RealSense, a facial recognition tool that provides secure and accurate facial authentication. The technology combines active depth with a specialized neural network and has built-in anti-spoofing technology. It can be used on edge devices such as smart locks, access control, point-of-sale, and ATMs. The solution adapts over time and works in complete darkness and strong sunlight. The announcement was made a few days before CES 2021.
CustomersPartners
growth-positive
Intel Israel development chief: We can handle competition
Karin Eibschitz Segal, general manager of the Intel Development Center in Israel, manages thousands of employees worldwide. With the outbreak of Covid-19, she was promoted from VP of Validation Engineering in the Design Engineering Group to Global General Manager. Intels challenges doubled and redoubled, and not just because of its size. Intel is a global company in the full sense of the word. Much rests on Eibschitz Segals shoulders. As she sees it, shes part of Intels efforts to be at the forefront of technology driving the data and computing revolution.
Management ChangesAcquisitionExpand
growth-positive
Intel has acquired Cnvrg.io, a platform to manage, build and automate machine learning
Intel has acquired Cnvrg.io, an Israeli company that operates a platform for data scientists to build and run machine learning models. The financial terms of the deal were not disclosed. Cnvrg.io will continue to serve its existing and future customers, including Lightricks, ST Unitas, and Playtika. Intel has been acquiring startups to strengthen its machine learning and AI operations. Last week, it acquired SigOpt, an optimization platform for machine learning modeling. Intels focus on AI tools and next-generation chips is aimed at competing with companies like Nvidia. The company reported a decline in revenues in its last quarter and is projecting significant growth in the AI silicon market. Cnvrg.ios platform works across on-premise, cloud, and hybrid environments and competes with companies like Databricks and Sagemaker.
Partners
growth-positive
Intel appoints Daniel Benatar deputy global production head
Intel has appointed Daniel Benatar, currently Vice President, Manufacturing and Operations Plant Manager, Fab 28, to be assistant general manager of the companys future chip production worldwide. This is the most senior position ever given to an Israeli in Intels global production division. Benatar has been with Intel since 1993 and has held many engineering and management positions within the company. Intel is the largest employer in Israels technology sector and is currently constructing a new fab in Israel at an investment of NIS 40 billion.
Management ChangesExpand
growth-positive
Intel renting four more floors in Tel Aviv's Azrieli Center despite pandemic real-estate crunch
Intel is renting four additional floors in the Azrieli Triangular Tower in Tel Aviv for its employees from Habana Labs, an AI chip developer that Intel acquired for $2 billion. The yearly rent is estimated at NIS 7.5 million. This deal comes despite the crisis in the office real-estate industry. Bezeq, the current tenant, is vacating 17 floors in the tower, and Azrieli is negotiating with several companies for new tenants. The office real-estate industry in Israel has been affected by tech companies reducing office space due to the shift to remote work. A recent study predicts a 10% drop in office real-estate value in Israel due to the COVID-19 crisis.
Expand
growth-negative
Intel's outsourcing bombshell puts Israel investments in doubt
Intel CEO Bob Swans statement about considering outsourcing chip manufacturing raises concerns about the companys future investments in Israel. The announcement caused Intels share price to fall by 16.24%. Intel is currently 12 months behind in manufacturing its advanced seven nanometer chips, leading to the consideration of outsourcing. This decision would signify a failure by Intel to remain at the forefront of technology. The impact on Israel, where Intel is the largest employer in the high-tech sector, is uncertain. Intel has invested $22 billion in Israel over the years and is currently building a new plant there. However, the future of the plant and Intels commitment to its investment plans are now in question. Intel has stated that it remains committed to Israel and continues to invest in the country.
Investment
growth-positive
Intel's Thunderbolt 4, developed in Israel, enhances connectivity
Intel has launched its next generation universal cable connectivity solution, Thunderbolt 4, which delivers improved performance and expanded capabilities. Thunderbolt 4 is based on Thunderbolt 3 and adapted to the USB4 protocol. It offers increased minimum performance requirements and can work with anyone who interfaces with USB4 protocols. Thunderbolt 4 allows for charging, 4K presentation, rapid data transfer, and the ability to connect two 4K screens without losing resolution. It will also offer docks with up to four Thunderbolt ports and universal cables up to 2 meters in length. Intels upcoming mobile PC processors, code-named Tiger Lake, will be the first to integrate Thunderbolt 4. Intel has been operating in Israel since 1974 and has 13,700 employees in the country.
PartnersExpand
growth-positive
Intel acquires transit data startup Moovit for $900 million
Intel plans to acquire Moovit, an urban transit data startup, for $900 million. Moovits app provides route planning for public transportation, scooter- and bike-sharing services, and ride-hailing companies. The app is used by 800 million customers in 3,100 cities across 102 countries. Intel aims to become a complete mobility provider, including robotaxi services, and sees Moovit as a piece in its plan to deploy a fleet of robotaxis. The acquisition aligns with Intels previous acquisition of Mobileye, a startup specializing in chips for autonomous vehicles. Intel has also invested $50 million in Moovit in 2018. The acquisition is expected to contribute to Intels growth in the smart mobility and autonomous driving market.
AcquisitionPartnersCustomers
growth-negative
Intel sells division with 200-300 Israeli employees
Intel is selling its Home Gateway Platform Division to MaxLinear for $150 million. The division produces Wi-Fi Access Points, Ethernet, and Home Gateway SoC products. The sale is part of Intels focus on its core business. The transaction is expected to close in the third quarter of 2020.
AcquisitionLayoffs
growth-positive
Intel to Donate Coronavirus Testing System to Israeli Hospital
Intel Israel will donate $320,000 to the Rambam Hospital in Haifa for the purchase of an automated coronavirus (Covid-19) testing system. The system extracts genetic material (RNA) from respiratory samples taken from people suspected of contracting the virus. Intel employs 12,000 people in Israel directly and has announced additional support for employees during the closure of educational institutes.
Investment
growth-negative
Intel's Maxine Fassberg Is Going Home
Maxine Fassberg, a long-time executive at Intel, is retiring from the company. Fassberg previously announced her resignation in 2016 but was asked to stay on to oversee the integration of Intels acquisition of Mobileye. The article discusses the challenges of successful mergers and acquisitions and the impact of the Intel-Mobileye deal on the Israeli automotive industry. Fassberg defends the acquisition, stating that Intel will make back its investment by 2025 if autonomous driving is achieved. She also mentions Intels acquisition of Habana Labs and the expansion of Mobileyes operations. The article raises questions about the future of Intels planned factory in Kiryat Gat and the impact of President Trumps tax reform on Intels non-U.S. operations.
Management Changes
growth-positive
Intel's Israel-Developed Sports Viewing Technology Comes to French Soccer
The Ligue de Football Professionnel (LFP) in France has started integrating Intels True View technology, which was developed in Israel. True View uses multiple high-definition cameras to provide sports fans with game replays that traditional cameras cannot deliver. The LFP is already using the technology at the Parc des Princes stadium in Paris and plans to roll it out at two more stadiums by the end of the year. Intels True View technology is based on its acquisition of Replay Technologies Inc. for $180 million in 2016. The article does not mention any specific customers or the valuation amount.
PartnersExpand
growth-positive
https://www.jpost.com/Jpost-Tech/Intel-invests-in-smart-buildings-in-Israel-616574
Intel Corp is investing in smart buildings in Israel to attract and retain top professionals. The company has built a new development center in Petah Tikva, which is equipped with environmentally friendly systems and amenities such as a smart gym and massage parlor. The building also has 14,000 sensors that monitor motion, light, and air to ensure employee comfort. The investment is aimed at addressing the talent shortage in Israels tech industry. Intels building is expected to give the company an edge in hiring, and other companies are likely to follow suit. The cost of the development center is reported to be 650 million shekels ($188 million).
Expand
growth-positive
Intel Israel's exports up 70% in 2019 to $6.6b
Intel has announced that its exports from Israel rose by 70% in 2019, reaching $6.6 billion. The increase in exports was attributed to the full production of the new Kiryat Gat fab. Intel also made investments in Israel, including the acquisition of Habana Labs for $2 billion and the opening of a new development center in Petah Tikva. The company spent $1.8 billion in procurement for the new building. Intel now has 13,700 employees in Israel, indirectly supporting an additional 53,000 jobs in the country. Intel Israels general manager highlighted the companys technological leadership in AI and its connection with the Israeli startup ecosystem.
InvestmentExpand
growth-positive
Intel buys Israeli AI chip co Habana Labs for $2b
Intel Corp. has acquired Israeli AI chip developer Habana Labs for $2 billion. The acquisition strengthens Intels AI portfolio and accelerates its efforts in the AI silicon market. Habana Labs will remain an independent business unit led by its current management team and will report to Intels Data Platforms Group. The acquisition gives Habana access to Intels AI capabilities and resources. Habanas Gaudi AI Training Processor is currently sampling with select hyperscale customers, and its Goya AI Inference Processor is commercially available. Intel expects the AI silicon market to be greater than $25 billion by 2024.
Acquisition
growth-positive
Intel Announces First AI Chip Developed in Israel
Intel unveiled the Nervana NNP-I chip, designed for large computing centers, at the Hot Chips 2019 conference. The chip is the first AI product developed at Intels development center in Haifa, Israel. Facebook is already using the chip. It can process up to 3,600 images per second at 10 Watt. Intel mentioned its recent investments in Israeli AI companies Habana Labs and NeuroBlade in connection with the new chip.
PartnersInvestment
growth-positive
Intel Announces Israeli Startup Accelerator
Intel Corporation is launching a startup accelerator called Ignite in Israel. The accelerator will host 10 to 15 pre-seed to seed stage startups for a 20-week mentorship program. The program will begin operations in Israel this year and may expand to other countries in the future. Intel will not seek equity or intellectual property rights from the participating startups. Tzahi (Zack) Weisfeld, former general manager of Microsofts startup outreach program, will serve as the general manager and managing director of Ignite. Intel is the largest non-government employer in Israel and currently employs approximately 12,000 people in the country. The companys exports from Israel amounted to $4 billion in 2018. Intel is postponing the construction of its new fabrication facility in Kiryat Gat, Israel.
Expand
growth-negative
Intel Postpones Construction of New Israeli Factory
Intel has postponed the construction of its new fabrication facility in Kiryat Gat, Israel. The expansion plans, initially intended to begin in 2019, have been delayed by six to 12 months. The project was part of Intels global manufacturing push, and the company had agreed to invest NIS 40 billion ($11.09 billion) in the expansion. The delay could be attributed to Intels disappointing first-quarter reports and the need to provide competition for rival TDMCs 7 nm processors. Intel is currently the largest private tech employer in Israel, employing 11,700 people.
Expand
growth-positive
Intel launches 10th gen core processor developed in Israel
Intel has launched its 10th generation core processor, called Ice Lake, which brings high-performance AI to the PC. The processors are built on the companys 10nm process technology and new core architecture. Intel also launched Project Athena, aiming to take mobile computing to a new level. The article highlights Intels commitment to delivering innovative and differentiated PCs.
Expand
growth-positive
Intel launches Israel-developed 9th Gen laptop chip
Intel has launched the most powerful generation of Intel Core mobile processors for laptops and notebooks. The new 9th Gen Intel Core mobile H-series processors, developed at Intels Haifa development center in Israel, are designed for gamers and creators who want high performance. The processors offer desktop-caliber performance in a mobile form factor, with features such as Wi-Fi 6, Thunderbolt 3, and support for Intel Optane memory technology. Intel aims to cater to the growing market of PC gamers and content creators who require powerful and responsive PCs for gaming and creative workloads. The article was published on April 23, 2019.
Customers
growth-positive
Knesset committee approves $185.5 million grant to Intel
The Knesset Finance Committee has approved a $185.5 million grant to Intel to expand its production plant in Kiryat Gat, Israel. This is part of a planned $5 billion investment by Intel in the plant, which was announced in May. The company has also committed to hiring 250 new employees and using local vendors and retailers for some deals. Intel is Israels largest private employer and biggest exporter, with Intel Israel exporting $3.6 billion worth of goods in 2017.
InvestmentExpand
growth-positive
Intel prepares to expand manufacturing in Israel as part of global plan
Intel Corp. plans to expand its manufacturing facilities in Israel, Ireland, and the US state of Oregon. The company is transitioning from being a maker of silicon computer chips to a data-centric company involved in various activities. The expansion of sites and related investments will be taken in stages and are subject to change based on business and economic considerations. In May, Intel confirmed plans to invest $5 billion in expanding its Kiryat Gat production plant in Israel. Since setting up operations in Israel in 1974, Intel has made cumulative investments and acquisitions of around $35 billion in Israel and has become the largest private sector employer in the high-tech industry.
Expand
growth-positive
Intel Launches AI Research Center in Israel in Collaboration With the Technion
Intel and The Technion-Israel Institute of Technology have inaugurated a new research center dedicated to artificial intelligence technologies in Israel. The center will support research projects in computational learning and AI, covering areas such as natural language processing, deep learning, and hardware optimization. Intels interim CEO, Robert Swan, and other top management executives are visiting Israel as part of the delegation. The visit was organized by Mobileye CEO Amnon Shashua, who was acquired by Intel in 2017. Intel has been operating in Israel since 1974 and has made significant investments and acquisitions in the country. The company employs around 12,000 people in Israel and is responsible for a significant portion of the countrys tech exports.
PartnersInvestmentAcquisitionExpand
growth-negative
Apple Passes Over Intel in Search for Chips for a Future iPhone
Apple has notified Intel that it will not use a Wi-Fi and Bluetooth component developed by the chipmaker in its next-generation mobile device. Intel executives described Apple as the key mobile customer for the component, but Apples decision not to use it is seen as a result of many factors. Intel will now redirect the team working on the component to other efforts. Intel is looking to improve the component to get it into Apples 2022 mobile devices. There are concerns that Intel could lose Apples modem business and be replaced by Taiwanese modem manufacturer MediaTek Inc. Apple is also reportedly planning to phase out Intel chips in Mac computers by 2020.
PartnersCustomers
growth-positive
Intel Launches Integration Program For Arab Workers in Israel
Intel is launching a program to integrate Arab workers into its workforce in Israel. The program aims to encourage Arab employees to share their challenges and experiences in the predominantly Jewish tech world. Intel wants to diversify its workforce and recruit more Arab workers. The Israeli tech industry is facing a talent crunch and sees minority groups as untapped potential. As part of the program, Intel will offer workshops and conferences to boost the careers of its Arab workers. Intel already has similar programs for female and LGBTQ workers in Israel. The company has 12,000 employees in Israel, with several hundred being Arab. Arab citizens make up 20% of Israels population but hold only 1.4% of tech positions.
CustomersPartners
growth-positive
Intel announces 8th-gen processors developed in Israel
Intel announced the launch of two new-generation processors, Whiskey Lake and Amber Lake, which will enable a double-digit performance improvement and support 1Gbps surfing. These processors will be integrated into 140 models of computers and will be released in October 2018. The announcement highlights Intels commitment to the PC market and its belief in the opportunities ahead. Intel has a strong presence in Israel, employing about 10,000 people in development centers and manufacturing facilities.
Customers
growth-positive
Intel Submits Detailed Plan for $5-Billion Plant Expansion in Israel
Intel has submitted a plan to the Israeli government for a $5 billion expansion of its chip manufacturing plant in Kiryat Gat. The companys Fab 28 facility manufactures chips for various devices. The Israeli government has offered Intel a $380 million grant as an incentive for the expansion. Intels exports accounted for $3.6 billion of Israels total tech exports in 2017. The company has a long-standing partnership with Israel, with investments and acquisitions totaling $35 billion.
Investment
growth-positive
Intel to Receive $380 Million Grant from Israel for Expanding Local Chip Manufacturing
Intel is set to receive a $380 million grant from the Israeli government to support its plans of expanding chip manufacturing in the country. The grant will be the largest ever awarded by the Israeli government to a non-Israeli company for a single investment. Intel and the Israeli government are on the verge of signing the deal. In February, Intel announced a two-year, $5 billion expansion plan in Israel. The grants size is dependent on the number of new employees Intel will hire for the expanded facility. Intel currently employs around 11,000 people in Israel.
InvestmentExpand
growth-positive
Israeli team builds Intel's 'best ever' laptop processor World Israel News
Intels R&D team in Haifa, Israel, has developed the companys highest-performance laptop processor, the eighth generation Core i9. The team has previously developed the Kaby Lake processor, which was highly successful in the gaming industry. Intel is also working on providing 360-degree video content and virtual reality for desktop and laptop computers. Intel has been operating in Israel since 1974 and currently employs around 10,000 workers in its production center in Kiryat Gat. Last year, Intel acquired Jerusalem-based Mobileye for $15.3 billion, the largest acquisition ever for an Israeli tech company.
InvestmentAcquisition
growth-positive
"Plan exists for $4-5b Intel investment in Israel"
Intel is expected to announce an investment of $4-5 billion in expanding production in Israel. The investment is likely an upgrade of the fab at Kiryat Gat to the next generation. Intel has been active in Israel for many years and is the largest employer in the technology sector in the country. The companys investment in the Israeli economy has totaled $35 billion since it started operating in Israel. Intels exports from Israel have reached $50 billion over the past 40 years.
Investment
growth-positive
Intel Capital Fuels Innovation with $60 Million of New Investments in 15 Data-Focused Startups;(NASDAQ: $INTC) - #Artificialintelligence, #cybersecurity and #autonomous machines.
The article discusses various companies and their recent activities. AppTech Payments Corp. has granted a patent license to PayToMe.co. Okmin Resources and its partner Blackrock Energy have entered into a strategic gas gathering agreement. GBT Technologies Inc. provides an update on its EDA segment intellectual properties. GoldON Resources Ltd. has completed its latest fieldwork program. Southern Silver Exploration Corp. is now live on the VRIFY Technology Inc. platform. Japan Gold Corp. has commenced drilling at the Ohra prospect. Lara Exploration Ltd. reports the results of six follow-up drill holes. ACME Lithium Inc. announced drill core sample results from its 2023 winter drill program. Snow Lake Resources Ltd. provides an update on the recently completed Grass River Project Resource Drilling campaign. HIVE Blockchain Technologies Ltd. announces its results for the full year ended March 31, 2023. Ciscom Corp. has been approved for listing on the CSE. Red Cat Holdings Inc. is a strong buy according to Technical Analyst Clive Maund.
PartnersAcquisition
growth-positive
Intel buys Mobileye in $15.3B deal, moves its automotive unit to Israel
Intel is acquiring Mobileye, a leader in computer vision for autonomous driving technology, for $15.3 billion. The deal is expected to close in about nine months. This acquisition will bring a much bigger range of different pieces that go into autonomous driving systems under Intels umbrella, as well as relationships with automakers. Mobileyes CTO and co-founder will lead Intels autonomous driving division. Intel has been working with Mobileye since last year and has made other investments in the autonomous driving space. Intels move into self-driving technology is part of its strategy to build up its position in emerging areas of computing. The transaction extends Intels strategy to invest in data-intensive market opportunities.
Acquisition
growth-negative
Maxine Fassberg steps down as Intel Israel chief
Maxine Fassberg, the General Manager of Intel Israel, has announced her decision to step down after a 33-year career with the company. She will be replaced by Yaniv Garty, the current Group General Manager of Wireless Connectivity Solutions at Intel Platform Engineering. Fassberg expressed her satisfaction and pride in her time at Intel and stated that there is no limit to human capabilities. Garty will officially take over as General Manager on January 15, 2017, and Fassberg will support the transition until the end of March 2017. Garty emphasized the importance of Intels activity in Israel and its role in creating technological trends and setting new standards.
Management Changes
growth-positive
Intel inaugurates Israel production line
Prime Minister Benjamin Netanyahu visited Intels plant in Kiryat Gat to inaugurate its new production line, which cost $6 billion, including a $300 million government grant. Netanyahu praised Intel for its role in advancing technology and driving Israels economy. Intels Israel CEO stated that the company has invested over $17 billion in Israel and is expected to purchase goods and services totaling NIS 18.7 billion in the next decade. The article highlights Intels transition from a chip-producing company to one that drives cloud-based computer centers and smart, connected devices. The visit emphasized Intels importance in Israels market, economy, and society.
Investment
growth-positive
Intel to build 'smart' Israel development center
Intel Israel is building a new campus in Petah Tikva, which will house its 2,500 development personnel. The building will utilize IoT technology to create a personalized working environment for employees, with features such as customized coffee, temperature preferences, and personalized services. The campus will also focus on energy conservation and green construction, with LEED platinum level certification. The new building aims to enhance cooperation between different groups and promote a healthy lifestyle. Intel Israel CEO, Maxine Fassberg, emphasized the importance of the companys presence in Israel and the partnership with the Petah Tikva Municipality. The campus is expected to be completed in the future.
Expand
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/Intel-debuts-Israeli-developed-7th-generation-chips-466418
Intel has debuted the 7th generation of its core processor chips, which will be included in millions of tech products. The chips were developed in Intels R&D center in Haifa, Israel and offer a 12% increase in productivity performance. They will boost graphic processing and allow for smoother virtual tours, multi-person video games, and video calls. The chips also improve web browsing speeds by 19% and have lower power usage, benefiting 2-in-1 computers, tablets, and mobile devices. The new chips are expected to be included in products starting in September.
CustomersExpand
growth-positive
Haifa team sires Intel's 'fastest-ever' processor
Intel Corp. has announced the development of its most advanced processor, the Kaby Lake, which promises a double-digit rise in computer performance, longer battery life, and better security. The processor is the seventh-generation Intel Core enhanced 14-nanometer-plus processor and is aimed at meeting the demands of increased connectedness and internet use, as well as the growing consumption of high-quality video and virtual reality content. The Kaby Lake processors are more than 70 percent faster than a 5-year-old PC and 3.5 times better in 3D graphics performance. The new processors will have a longer-lasting battery and enable more natural and intuitive interactions with PCs. The first computers with the new processors are expected to hit the market in September.
CustomersPartners
growth-positive
Intel Capital invests $25m in 3 Israeli startups
Intel Capital has invested in three Israeli startups, Velostata, Panoply.io, and Sedona Systems, for a total of $25 million. Panoply.io raised $7 million in a Series A funding round led by Intel Capital. Velostrata raised $17.5 million in a Series B funding round led by Intel Capital. Sedona Systems closed a $13.6 million round B of funding led by Intel Capital. These investments bring Intel Capitals total funds invested in Israel to over $345 million. Intel Capital is committed to Israel and plans to continue its activity in the country.
Investment
growth-positive
Intel, The Floor Create FinTech Innovation Lab
Intel announced the creation of a fintech innovation lab in partnership with The Floor. The lab aims to develop technological innovations in the financial industry, with a focus on blockchain, IoT, and biometrics. The Floor is backed by The Pando Group and has partnerships with international banks. Intel recently closed part of its Jerusalem facility and consolidated workers in its Kiryat Gat plant as part of a $6 billion investment. The company plans to increase employment at the facility by 1,000.
PartnersInvestment
growth-negative
Intel Israel hands out layoff notifications
Intel Israel is laying off several hundred employees as part of a worldwide streamlining program. The employees being fired will receive compensation of between 8 and 12 salaries. The layoffs will include some production workers in Kiryat Gat, despite the companys plans to recruit for a new fab. Intel has stated that it will honor all its commitments to Israel for which it has received government grants and incentives.
LayoffsExpand
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/Intels-sixth-generation-tech-made-in-Israel-arrives-in-Israel-434606
Intels R&D tech team in Haifa has unveiled 20 devices using their latest technology in Tel Aviv. The new chips have increased performance, graphics abilities, and battery life. Intel also introduced chips for mobile devices and other connected devices. The vision is to give machines the ability to function with fewer wires, fewer passwords, and a natural user interface. The technology enables features like Windows 10 Hello, facial recognition, and 3D image scanning. The new generation of processors will be available in more devices in Israel starting in 2016.
Customers
growth-positive
How Intel came to be Israel's best tech friend
Intels relationship with Israel has been significant, with the company having a major role in the countrys tech industry. Intel has been present in Israel for 40 years and has contributed to the growth of the Israeli economy. The company has employed thousands of workers and has helped establish numerous high-tech companies. Intel is also a prolific exporter, having manufactured billions of chips in its Israeli facilities. In a recent deal with the Finance Ministry, Intel committed to refurbishing its chip fabrication plant in Kiryat Gat, which will lead to the production of the companys newest generation of chips. The deal includes substantial tax breaks and grants for Intel. The partnership between Intel and Israel is expected to continue to thrive in the coming years.
PartnersInvestment
growth-positive
Israel Intel's analytics team collects big-data analytics and data from wearable computing to improve monitoring and treatment of Parkinson's disease - Israël Science Info
Intel Israel is collaborating with the Michael J. Fox Foundation for Parkinsons Research to improve research and treatment for Parkinsons disease. Intels advanced analytics team in Israel has developed a big-data analytics platform that collects and analyzes data from wearable devices used by Parkinsons patients. The platform aims to improve the quality of life for patients and advance Parkinsons research. The technology has been tested at various medical centers and will be expanded to the Netherlands. The platform allows for the collection of objective, real-time data on measurable features of Parkinsons, which can help researchers track the diseases progression and make new discoveries. It also provides patients with insights into their own condition and helps them manage their symptoms.
Customers
growth-positive
Israel Inside: A history of Intel's R&D in Israel ZDNet
The article discusses Intels extensive presence and contribution to the tech industry in Israel. Intel has four design centers and two fabrication plants in Israel, making it the countrys largest private-sector employer. The company has played a significant role in the development of microprocessors and other technologies, including processors for netbooks and tablets. Intels Israel team has designed and manufactured several successful products, such as the Pentium M microprocessor and the Sandy Bridge and Ivy Bridge processors. The article also mentions upcoming projects, future technologies, and Intels commitment to its relationship with Israel.
CustomersPartners
