intel
Shares in Intel fell by around 9% at times in after-hours trading on Thursday after the US chip-maker forecast revenues of between $12.5 billion and $13.5 billion for the current quarter. Analysts had expected an average of around $13.6 billion. The forecast for adjusted earnings per share also fell well short of expectations. The forecast shows that Intel CEO Pat Gelsinger still has a lot of work ahead of him in reorganizing the once dominant chip company. The competition is not only strong in data centre technology. Gelsinger wants to achieve the turnaround with new production processes for ...
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US chip-maker Intel unveiled its latest artificial intelligence (AI) chip on Tuesday in a move to take market share from Nvidia. Intel said the Gaudi 3 could generate AI responses, a process called inference, faster than Nvidia's H100. It was also more power efficient and cheaper, Intel said. The H100 is one of Nvidia's most popular chips, powering AI for the likes of Microsoft and Google. Nvidia's computer systems dominate AI training in data centres and the company holds a market share position of about 80%. Intel said that the new chips would be available to customers including Dell, Hewlet...
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The US government wants to further boost the country's chip industry with billions of dollars in subsidies. President Joe Biden announced on Wednesday that his government intends to provide the US chip giant Intel with up to $8.5 billion in direct funding and $11 billion in loans for computer chip factories in four US states. The financial injection is intended to help increase the US share of global production of state-of-the-art chips to 20% by the end of the decade. Biden made his announcement during a visit to the Intel production facility in Chandler, Arizona. During the meeting with Inte...
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