Intel

Factbox - Chipmakers' Plans for Factories in Europe

The European Union is seeking to bolster semiconductor production after a global shortage over the past two years. Under the European Chips Act, the European Commission earmarked early last year a total of 15 billion euros ($16 billion) for public and private semiconductor projects by 2030. Below are some of the chipmakers’ plans for factories […]

Factbox-Tech Firms, Wall Street Lead Job Cuts in Corporate America

Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Rapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks […]

Intel Splits Graphic Chips Unit into Two

Intel Corp is splitting its graphic chips unit into two, the company said on Wednesday, as it realigns the business to better compete with Nvidia Corp and Advanced Micro Devices. The consumer graphics unit will be combined with Intel’s client computing group, which makes chips for personal computers, while accelerated computing teams will join its […]