Intel's new CEO, Lip-Bu Tan, is considering merging Intel Foundry with GlobalFoundries to challenge TSMC's dominance. This move would allow Intel to focus on chip design while creating a US-based foundry powerhouse, inspired by AMD's successful strategy under Lisa Su.
Asian shares declined despite Wall Street's rebound as investors awaited further developments in trade wars. Meanwhile, a study found that crafting boosts happiness and life satisfaction more than employment.
Intel appointed semiconductor veteran Tan Lip-Bu as its new CEO, effective March 18. With over 20 years of experience in semiconductors and software, Tan faces the challenge of reviving Intel amid fierce competition, declining market share, and financial struggles.
Intel has appointed Lip-Bu Tan, a semiconductor industry veteran, as its new CEO. Tasked with reviving Intel's fortunes, Tan will replace Pat Gelsinger, who stepped down due to failing to rejuvenate the company's product lineup, particularly in AI chips. Intel faces significant challenges, including market-share losses and financial struggles.
TSMC has pitched a joint venture with Intel's foundry division to Nvidia, AMD, and Broadcom, seeking partners to help revive Intel while maintaining majority control. Talks were initiated after the U.S. government requested TSMC's assistance in turning around Intel, a key American chipmaker struggling financially.
Intel appointed Lip-Bu Tan as CEO after Pat Gelsinger's departure, aiming to reverse the company's declining revenue and prestige. Shares rose over 10% in extended trading following the announcement, reflecting investor optimism about his leadership.
Three men in Singapore charged with fraud linked to Nvidia chips; bail set at up to S$1 million. Servers from US firms Dell and Supermicro, possibly containing AI chips, were exported to Malaysia. Authorities probe if export controls were circumvented, raising concerns over potential violations of US restrictions on chip exports to China.
Intel has appointed Malaysian-born chip industry veteran Lip-Bu Tan as CEO, effective March 18. The move aims to stabilize the company during a challenging period as Intel faces competition from rivals like Nvidia in AI chips.
Oracle leverages its strong cloud infrastructure, database dominance, and hardware-software integration to establish a leading position in AI. Its extensive enterprise customer base and proprietary systems provide a competitive edge, allowing it to build robust AI capabilities without relying on external partnerships like xAI or OpenAI.
Three men linked to alleged fraud involving US$390 million in Nvidia chips movement were offered bail ranging from S$600,000 to S$1 million. The case involves intermediaries bypassing US export controls to transfer chips to China.
D-Wave achieved quantum supremacy with its annealing chip, causing quantum stocks to surge. This milestone comes after skepticism from Nvidia CEO Jensen Huang, who doubted the industry's progress. While the announcement highlights potential breakthroughs, challenges remain in scalability and practical applications.
Three men linked to fraudulent activities involving servers with Nvidia AI chips were offered bail totaling up to $1 million. The case involves false representations about server destinations and unauthorized access to bank accounts, with investigations ongoing into potential US export control violations.
Intel’s new CEO, Lip-Bu Tan, will keep the foundry plan despite past challenges. Investors are hopeful as shares rise over 10%. The goal is to compete with TSMC in chip manufacturing.
Super Micro Computer's stock is surging today due to positive market momentum, a new cybersecurity partnership with Exein, and reports of potential collaboration between Nvidia and other semiconductor leaders to acquire Intel's chip foundry. This could reduce geopolitical risks for the industry.
Intel appoints Lip-Bu Tan as CEO after Gelsinger's exit, seeking to reverse declining market share and revitalize the company.
Intel has appointed Lip-Bu Tan as its new CEO, effective March 18. With over two decades of semiconductor and software experience, Tan previously led Cadence Design Systems to significant growth. Intel is seeking a turnaround under his leadership after facing financial challenges and unmet expectations from former CEO Pat Gelsinger.