Intel Financial News

Intel (NASDAQ:INTC) stock surged more than 7% in pre-market Friday after the company reported Q2 results and offered a more positive-than-expected outlook for this quarter.

Investing.com — U.S. stock futures traded higher Friday, boosted by better-than-expected results from Intel (NASDAQ:INTC) ahead of the release of widely-watched inflation data.

Bonds around the world extended a retreat as the Bank of Japan, so far a holdout on ultra-loose monetary policy, surprised investors by loosening its grip on yields.

sanctions. TikTok, a Chinese-owned short-video app, is in the sights of American lawmakers. The Biden administration’s plans to curb outbound investment will encompass private-equity giants and venture capitalists.

Intel CEO Pat Gelsinger said that the company plans to «build AI into every product that we build». Intel will launch Meteor Lake later this year, its first consumer chip with a built-in neural processor for machine learning tasks, according to The Verge. At Microsoft's Build 2023 conference, the company announced the collaboration with Microsoft to drive the development of AI on personal computing, and previewed AI-enabled capabilities of its Meteor Lake client PC processors.

Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast third-quarter earnings above Wall Street expectations, sending its shares up about 6%. The market for personal computers has tumbled over the past year, with inventory piling up because consumers had already bought machines needed during the pandemic.

chipmaker Intel Corp., potentially enabling the country’s consumer electronics and technology manufacturing industry to replicate the success of its credentialed software sector — and create a ‘huge’ number of factory jobs in the process. The California, US-based company is looking at India as a top manufacturing base for supplying to three buckets of hardware products–laptops, data centres and servers — and electronics connected to internet of things (IoT) such as vending machines and cameras, said Santhosh Viswanathan, MD and vice president, sales, marketing and communication group, at the company’s India arm. “Electronics manufacturing creates thousands of jobs.

Check out the companies making headlines in extended trading.

Investing.com — U.S. stock futures edge higher as traders weighed comments from Federal Reserve chair Jerome Powell following the central bank's decision to resume its long-standing tightening cycle. Elsewhere, Meta Platforms delivers a second-quarter earnings beat and sounds a positive note on its massive bet on artificial intelligence, while chipmaker Intel is due to report its latest results after the bell.

US commerce secretary Gina Raimondo said on Wednesday that the Joe Biden administration is seeking to carefully target US controls on exports to China, but rules will cost firms some revenue. Restrictions should not be so broad «that you deny American companies revenue and China can get the product elsewhere, or China can get the product from other countries,» Raimondo said at a forum.

Semiconductors are the life blood of modern electronics, and their demand is increasing exponentially. India, a large consumer of electronics, is importing almost all its semiconductor needs to the tune of $24 billion a year (demand is expected to touch $110 billion by 2030). Massive supply disruption during the pandemic and emergence of virulent geopolitical tensions across the world, is forcing nations to seek self-reliance for accessing this precious commodity.

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European Union member states have given final approval for the bloc’s master plan to expand semiconductor production

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During meetings in Washington, Intel Corp’s Pat Gelsinger, Nvidia Corp’s Jensen Huang and Qualcomm Inc’s Cristiano Amon warned that export controls risk harming US leadership of the industry. The Biden officials listened to the presentations but didn’t make any commitments, said the people, who asked not to be identified because the talks were private. The chip industry is trying to navigate increasing tensions between China and the US.

On July 18, 1968, two brilliant engineers at Fairchild Semiconductor, Robert Noyce and Gordon Moore, came together to establish N.M. Electronics, which later became known as Intel Corporation (NASDAQ:INTC). Their first-year revenue was $2,672 – not bad for a start!

Fino Payments Bank is keen to become a small finance bank after having completed five years of operations, Managing Director Rishi Gupta said. The Navi Mumbai-based company is a subsidiary of Fino Paytech, which is backed by marquee investors such as Bharat Petroleum, ICICI Group, Blackstone, IFC, Intel and LIC, among others. The company started operations in July 2017 with 410 branches to become the fourth payments bank after Airtel Payments Bank, India Post Payments Bank and Paytm Payments Bank. Fino, which was a remittance service provider, has converted most of its Fino Money Mart outlets into bank branches after getting licence from the Reserve Bank. Also, Fino is the only lender in this space being traded on the exchanges. «From regulatory and compliance perspectives we are eligible for an upgrade to a small finance bank, having completed the mandatory five years of operations. Our board also favours such a conversion and soon we'll be moving an application with the RBI in this regard,» Gupta told PTI.

NEW DELHI : India will soon announce a 40 nanometre (nm) semiconductor fabrication unit and multiple compound fab proposals under the modified semiconductor investment scheme, minister of state for electronics and IT Rajeev Chandrasekhar said. “We will certainly have, very soon, an announcement of a 40nm silicon fab. We will also have multiple compound fab proposals," Chandrasekhar said in an interview.

Former Intel India head Nivruti Rai has joined as the Managing Director and CEO of Invest India, the Ministry of Commerce and Industry informed on Wednesday. She took over the charge from Manmeet K Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), who had assumed this additional charge in March 2023. Nanda had taken over Invest India from Deepak Bagla who resigned from his post citing "personal reasons".

HCL Group, which began decades ago as a maker of computer hardware and peripherals before establishing its software credentials globally, plans an ambitious foray into India’s fast-evolving semiconductor ecosystem, several officials and industry executives aware of the development told ET. The HCL Group is close to submitting a proposal to the Centre to set up an assembly, testing, marking, and packaging (ATMP) unit for semiconductors, they added.

China policy as the US considers new restrictions, a source told Reuters. Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan on Monday are among government officials who are holding the meetings with Intel, Qualcomm and Nvidia, the source said.