Latest Intel Corp. Stories

2009-03-27 14:19:40

Nvidia Corp, the popular graphics chipmaker, filed a countersuit against Intel Corp on Thursday for breach of contract, claiming Intel made misleading statements in an attempt to undermine Nvidia's licensing rights, Reuters reported. In response to a related suit by Intel last month, Nvidia is seeking to terminate Intel's license to Nvidia's patents related to graphics processing and three-dimensional computing. Nvidia spokesman Hector Marinez said the suit claims that without a licensing...

2009-03-04 10:30:00

BASKING RIDGE, N.J., March 4 /PRNewswire/ -- Verizon Business has received Intel Corp.'s Preferred Quality Supplier (PQS) award recognizing the company's significant contributions to Intel in 2008. Verizon Business supplies Intel with network telecommunications and cellular service, deemed essential to Intel's success. Verizon Business and 25 additional suppliers are recognized as 2008 PQS award winners. "Delivering the highest-quality service through our specialized global-account teams and...

2009-03-03 06:33:28

Intel Corp and TSMC are partnering to develop and manufacture the low-cost Atom processor with the goal of expanding sales of the tiny chip into new markets beyond their use in netbooks. The alliance between Santa Clara, Calif.-based Intel and Hsinchu, Taiwan-based TSMC represents the partnership of the world's largest foundry with the world's No. 1 semiconductor company, with Intel supplying the majority of the world's microprocessors. Although Intel has previously worked with Taiwan...

2009-02-10 14:45:00

The world's largest chipmaker Intel Corp. announced its plans on Tuesday to spend $7 billion upgrading its U.S. factories over the next two years. The investment is the company's largest to date for a new manufacturing process. The move comes as a surprise to many, as Intel has decided to increase capital spending despite a slow economic slump that has resulted in one of the worst PC sales markets in years. Intel CEO Paul Otellini said the company's decision would set an example for the...

2009-01-24 07:15:00

Intel Corp. said on Friday that its Chairman and former Chief Executive, Craig Barrett, will retire in May after 35 years with the company. Independent director Jane Shaw will become the company's nonexecutive chairman at that time.  Barrett, 69, was Intel's chief executive from 1998 through 2005, when CEO Paul Otellini took over.  At that time, the Santa Clara, California-based company required its CEOs to step down at age 65. Barrett became the company's chairman in 2005, and is...

2009-01-22 15:27:13

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...

2009-01-21 07:42:02

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...

2009-01-16 06:55:00

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...

2008-12-12 08:15:00

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 here...

2008-12-09 07:55:00

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...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.