Latest Intel Corp. Stories

Intel Corp said it will close five manufacturing plants, resulting in job losses for up to 6,000 employees due to weakened demand during an economic recession. The No. 1 chipmaker announced on Wednesday it plans to consolidate manufacturing operations and "align its manufacturing capacity to current market conditions."As a result, Intel will shut down two of its existing assembly test plants in Penang, Malaysia and one in Cavite, Philippines. These plants are where chips are sent to be...

Intel Corp, the world's largest computer chip maker, is cutting prices on a number of its high-powered processors in an attempt to cope with falling sales.The company is facing weakening demand due to the global economic slowdown, and competition from Advanced Micro Devices Inc, but Intel says the changes are part of regularly scheduled price decreases.Among the chips Intel is reducing, the Core 2 Quad Q9650 chip saw the one of the largest drops from a $530 list price in December to its new...

Intel Corp. saw its fourth-quarter profit drop 90 percent but still met investors' downcast outlook.The company was hurt by slowing PC sales that have slowed demand for microprocessors.Even with a 23 percent sales drop, Intel watched its shares rise 2.1 percent in Wall Street trading.The chip maker's net income was $2.3 billion in the fourth-quarter a year ago, compared to $234 million in the most recent quarter.Although company profits are being damaged by a shift in the marketplace toward...

According to a study released on Thursday, Dell Inc, Intel Corp, and International Business Machines Corp (IBM) stand out among corporations for their environmental policies. The study conducted by investor coalition Ceres, focused on environmental policies in 63 companies in the tech, consumer products, leisure, and drug sectors. IBM, Dell, and Intel ranked in the top five, while Abercrombie & Fitch, and Burger King ranked near the bottom of the list."What we're really looking at...

Intel Corp. claims it's silicon photonics have achieved record-setting performance in optical communications. The company says the development, which combines silicon with the element germanium to make a device called an avalanche photo detector, will reduce costs while increasing the speed of transmitting data.  Silicon photonics-based photo detectors are used to send and receive optical information, particularly in ultra high-bandwidth applications.  The company said the development...

AUSTIN, Texas, Dec. 3 /PRNewswire/ -- Representatives from the City of Austin, Austin Energy, The University of Texas' Austin Technology Incubator, the Greater Austin Chamber of Commerce and Environmental Defense Fund (EDF) unveiled details of the Pecan Street Project, a bold effort to design a new, clean energy infrastructure, business model and proving ground for tomorrow's energy technology. Corporate partnerships with Dell, GE Energy, IBM, Intel, Oracle, Cisco Systems, Microsoft,...

Intel Corp. and Hitachi Ltd. said they will jointly develop solid state drive (SSD) memory devices, which are seen as a promising alternative to hard disk drives.This move is a strategic shift for Hitachi, the world's third largest hard drive maker, which has yet to make a commitment to SSD technology until now.SSDs are being used more in laptop PCs as well as iPods and iPhones, primarily because they are better at absorbing shocks and consume less power than hard disk drives.The agreement is...

Intel Corp. announced on Wednesday that it would be slashing more than $1 billion from its fourth quarter sales forecast. Intel now expects sales of $9 billion in the last three months of the year, plus or minus $300 million. It previously expected sales between $10.1 billion and $10.9 billion, and analysts polled by Thomson Reuters were looking for $10.3 billion.The announcement shows another pitfall for tech firms during an economic crisis. Intel, the world's biggest maker of PC...

An engineer formally working for the Intel Corp. was charged with stealing $1 billion worth of trade secrets from the chip maker while he worked for its main rival, Advanced Micro Devices Inc.Biswamohan Pani, 33, was charged with five indictments of illegally downloading more than a dozen confidential documents from Intel's computer system in California during a four-day stretch in June. Pani resigned from Santa Clara, Calif.-based Intel, but remained on the payroll and still had access to...

Following the success of its education-focused mini PC introduced in April, HP (NYSE:HPQ) today expanded the HP Mini family with three models of a new HP Mini 1000 line. This array of minis - one of the widest offerings in the industry - addresses the needs of Internet-centric consumers, mobile professionals, always-on social media enthusiasts and fashion-forward women. "Staying connected to your world - however you define it - is increasingly important to people on the go," said Ted...