Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products. The company also provides Internet of Things products, including high-performance compute solutions for targeted verticals and embedded applications; and computer vision and machine learning-based sensing, data analysis, localization, mapping, and driving policy technology. It serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was founded in 1968 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: intel.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/16/2024 | Underperform → Peer Perform | Wolfe Research | |
5/13/2024 | $42.00 → $34.00 | Hold | Jefferies |
4/26/2024 | $42.00 → $35.00 | Hold | TD Cowen |
4/16/2024 | $40.00 | In-line | Evercore ISI |
4/15/2024 | $47.50 → $40.00 | Neutral | Citigroup |
1/26/2024 | $46.00 → $44.00 | Hold | HSBC Securities |
1/26/2024 | $47.00 → $45.00 | Hold | Truist |
1/26/2024 | $58.00 → $55.00 | Buy | Mizuho |
1/26/2024 | $34.00 → $39.00 | Sell | Goldman |
1/26/2024 | $45.00 → $40.00 | Neutral | Wedbush |
Nvidia Corporation (NASDAQ:NVDA) undoubtedly had an early lead in the AI chip race, but its rivals are doing their best to challenge its dominance. After more than one failed attempt to discreetly enter the GPU arena, Intel Corporation (NASDAQ:INTC), the largest producer of PC and server CPUs, might be slow but seems to be playing the long game. Then there’s Advanced Micro Devices (NASDAQ:AMD) who is already promising to challenge Nvidia with its new chips. Intel is playing the long game. According to PassMark Software, Intel still controls 64% of the x86 CPU market, but it has undoubtedly given a lot of market share to AMD over the years. AMD pulled ahead with cheaper and more advanced CP
NVIDIA Corporation (NASDAQ:NVDA) is trading lower today. New Street Research analyst Pierre Ferragu downgraded NVDA from Buy to Neutral. In another development, European Union competition chief Margrethe Vestager has reportedly highlighted a significant “bottleneck” in the Nvidia AI chips supply. Despite the concern, regulators have not yet decided on any specific actions to address the issue. Vestager stated that they are still in the preliminary stages of investigation, asking questions but not yet taking regulatory action, reported Bloomberg. Nvidia has become a focal point for regulators due to its significant role in the artificial intelligence (AI) sector. The company’s GPUs a
Investors with a lot of money to spend have taken a bullish stance on Intel (NASDAQ:INTC). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with INTC, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 23 uncommon options trades for Intel. This isn't normal. The overall sentiment of these big-money traders is split between 60% bullish and 34%, bearish. Out of all of the special option
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) will hold a press conference on July 18. As demand for generative AI continues to expand, UBS gave TSMC a “Buy” rating with a target price of 1,070 yuan. The “four questions” from UBS include the outlook for the semiconductor cycle, gross profit margin trends, capital expenditure updates and order visibility for 2025, and the potential advancement of 2nm processes, UDN reports. UBS noted the semiconductor cycle will benefit from solid cloud AI and high-performance computing (HPC) applications. They expect TSMC’s gross profit margin to rise due to expanding AI demand and advanced process technology. UBS estimates EPS from 2024 to 20
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BEARISH 07/05/24 $122.00 $62.4K 13.9K 143.7K AMD CALL SWEE
The soaring investor interest in artificial intelligence has propelled a rally in U.S. stock markets, but it has also fueled concerns about a potential AI-bubble burst akin to the dotcom-bubble eruption of the late 1990s. The excitement over AI in recent weeks has sent the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to new highs after gaining more than 50% from an October 2022 low. Meanwhile, the Nasdaq Composite Index, which is tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has soared more than 70% since the end of 2022, Reuters reported. Nvidia and a handful of other giant tech stocks are driving the current market, much in the same way that the “Four Horsemen” C
The Biden administration has initiated a new program to develop the U.S. computer-chip workforce, aiming to prevent a labor shortage that could hinder domestic semiconductor production. The initiative, called the workforce partner alliance, will utilize part of the $5 billion federal funding allocated for the National Semiconductor Technology Center (NSTC). Bloomberg reported that up to 10 workforce development projects will receive grants ranging from $500,000 to $2 million. The NSTC will launch additional application processes in the coming months, determining the total spending after all proposals are reviewed. This funding comes from the 2022 Chips and Science Act, which earm
Broad stock market indexes like the S&P 500 hit all-time highs in the first half of 2024. The Dow Jones Industrial Average also hit all-time highs, but saw a smaller return in the first half of the year. Here's a look at the biggest gainers and laggards in the Dow Jones Industrial Average. What Happened: The Dow Jones Industrial Average was created in 1896 by Charles Dow and is one of the oldest and most followed equity indexes for overall stock market health. The Dow Jones Industrial Average hit all-time highs of more than 40,000 in May 2024. The Dow Jones Industrial Average consists of 30 stocks on a price-weighted basis. The Dow Jones Industrial Average ETF (NYSE:DIA), which tr
Qualcomm Inc (NASDAQ:QCOM) has signed a new sponsorship deal to become the front-of-shirt sponsor for Manchester United Ltd (NYSE:MANU) Football Club. The company aims to increase awareness of its Snapdragon brand as it expands into personal computing. The California-based chipmaker is leveraging its new partnership with one of the most recognized clubs in the world’s most popular sport. One home game for the U.K. Premier League team provides Snapdragon with exposure comparable to a Super Bowl ad, Bloomberg reports. Snapdragon, known for its association with smartphone processors, is now poised to play a more prominent role as Qualcomm intensifies efforts to penetrate the PC indu
Deep-pocketed investors have adopted a bearish approach towards Intel (NASDAQ:INTC), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in INTC usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Intel. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 23% leaning bullish and 64% bearish. Among these notable options, 7 are puts
Intel's optical compute interconnect chiplet is expected to revolutionize high-speed data processing for AI infrastructure. What's New: Intel Corporation has achieved a revolutionary milestone in integrated photonics technology for high-speed data transmission. At the Optical Fiber Communication Conference (OFC) 2024, Intel's Integrated Photonics Solutions (IPS) Group demonstrated the industry's most advanced and first-ever fully integrated optical compute interconnect (OCI) chiplet co-packaged with an Intel CPU and running live data. Intel's OCI chiplet represents a leap forward in high-bandwidth interconnect by enabling co-packaged optical input/output (I/O) in emerging AI infrastructur
Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
Intel Corporation (NASDAQ:INTC) and Apollo (NYSE:APO) today announced a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel's Fab 34. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240604172872/en/Intel and Apollo announce a definitive agreement under which Apollo-managed funds and affiliates will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel's Fab 34 in Leixlip, Ireland. (Graphic: Business Wire) The transaction re
AI runs best on Intel across the compute continuum from the data center, cloud and network to the edge and PC. NEWS HIGHLIGHTS Launches Intel® Xeon® 6 processors with Efficient-cores (E-cores), delivering performance and power efficiency for high-density, scale-out workloads in the data center. Enables 3:1 rack consolidation, rack-level performance gains of up to 4.2x and performance per watt gains of up to 2.6x1. Announces pricing for Intel® Gaudi® 2 and Intel® Gaudi® 3 AI accelerator kits, delivering high performance with up to one-third lower cost compared to competitive platforms2. The combination of Xeon processors with Gaudi AI accelerators in a system offers a powerful soluti
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") announced today that it will be participating in the UBS Auto and Auto Tech Conference on June 5, 2024, and Deutsche Bank's Global Auto Industry Conference on June 11, 2024. Mobileye intends to webcast its "fireside chat" at the Deutsche Bank event, with the discussion scheduled to take place at 1:55 PM ET. Please visit the "Events & Presentation" section of Mobileye's investor relations (IR) site here to register for and access the webcast. A replay will also be made available for 90 days by clicking the same link. Event participation and specific dates of participation are subject to change, and additional events will be announced in due
Intel Corporation today announced that company executives will participate in the following investor events: On May 30 at 7:50 a.m. PDT, John Pitzer, corporate vice president, Corporate Planning and Investor Relations, will participate in a fireside chat on Intel's business and strategy at the Goldman Sachs Global Semiconductor Conference. On June 4 at 2:40 p.m. PDT, Pitzer will participate in a fireside chat on Intel's business and strategy at the BofA Global Technology Conference. On June 12 at 6:55 a.m. PDT, Saf Yeboah-Amankwah, senior vice president and chief strategy officer, will participate in a fireside chat on Intel's automotive opportunity and strategy at the Mizuho Auto
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
Intel builds the PC industry's most robust AI PC toolchain and presents an AI software foundation that developers can trust. What's New: Today, Intel announced it surpassed 500 AI models running optimized on new Intel® Core™ Ultra processors – the industry's premier AI PC processor available in the market today, featuring new AI experiences, immersive graphics and optimal battery life. This significant milestone is a result of Intel's investment in client AI, the AI PC transformation, framework optimizations and AI tools including OpenVINO™ toolkit. The 500 models, which can be deployed across the central processing unit (CPU), graphics processing unit (GPU) and neural processing unit (NP
Research published in Nature demonstrates high qubit control fidelity and uniformity in single-electron control. Today, Nature published an Intel research paper, "Probing single electrons across 300-mm spin qubit wafers," demonstrating state-of-the-art uniformity, fidelity and measurement statistics of spin qubits. The industry-leading research opens the door for the mass production and continued scaling of silicon-based quantum processors, all of which are requirements for building a fault-tolerant quantum computer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240501215284/en/A photo shows a 300-millimeter Intel silicon spi
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NEWS SUMMARY First-quarter revenue of $12.7 billion, up 9% year over year (YoY). First-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.09); non-GAAP EPS attributable to Intel was $0.18. Forecasting second-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting second-quarter EPS of $(0.05); non-GAAP EPS of $0.10. Intel Corporation today reported first-quarter 2024 financial results. "We are making steady progress against our priorities and delivered a solid quarter," said Pat Gelsinger, Intel CEO. "Strong innovation across our client, edge and data center portfolios drove double-digit revenue growth in Intel Products. With Intel 3 in high
Revenue decreased 48% year over year to $239 million in the first quarter due to the significant drawdown of inventory at our Tier 1 customers announced earlier this year. Diluted EPS (GAAP) was $(0.27) and Adjusted Diluted EPS (Non-GAAP) was $(0.07) in the first quarter. Inventory consumption and the expected quarterly cadence of EyeQTM SoC deliveries over the course of 2024 remains on-track with our prior guidance. Announcement by Volkswagen Group of a wide-ranging production award for our advanced products in the first quarter led to an expansion of the pipeline of advanced discussions with other global OEMs. Generated net cash from operating activities of $40 million in
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the first quarter 2024 on Thursday, April 25, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's con
Intel Corporation today announced that it will report first-quarter 2024 financial results on Thursday, April 25, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PDT that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help ad
News Summary Fourth-quarter revenue was $15.4 billion, up 10 percent year-over-year (YoY). Full-year revenue was $54.2 billion, down 14 percent YoY. Fourth-quarter earnings per share (EPS) attributable to Intel was $0.63; non-GAAP EPS attributable to Intel was $0.54. Full-year EPS attributable to Intel was $0.40; non-GAAP EPS attributable to Intel was $1.05. Forecasting first-quarter 2024 revenue of $12.2 billion to $13.2 billion; expecting first-quarter EPS attributable to Intel of $(0.25) (non-GAAP EPS attributable to Intel of $0.13). Intel Corporation today reported fourth-quarter and full-year 2023 financial results. "We delivered strong Q4 results, surpassing expectations
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the fourth quarter and full year 2023 on Thursday, January 25, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at ir.mobileye.com, and a replay of the webcast will be made available shortly after the event's conclusion. About Mobileye Global Inc. Mobileye (N
Intel Corporation today announced that it will report fourth-quarter and full-year 2023 financial results on Thursday, Jan. 25, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PST that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconduct
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the third quarter of 2023 on Thursday, October 26, 2023, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at ir.mobileye.com, and a replay of the webcast will be made available shortly after the event's conclusion. About Mobileye Mobileye (NASDAQ:MBLY) leads the mo
Intel Corporation today announced that it will report third-quarter 2023 financial results on Thursday, Oct. 26, 2023, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PDT that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help add
Positions PSG to more effectively compete in FPGA market; ongoing strategic alignment with Intel drives value creation for both companies. NEWS HIGHLIGHTS Standalone operations for Programmable Solutions Group (PSG) expected to begin Jan. 1, 2024, with ongoing support from Intel. Intel expects to report PSG as a separate business unit when it releases first-quarter 2024 financials. Sandra Rivera will assume leadership of PSG as chief executive officer (CEO). She will continue to lead Intel's Data Center and AI Group (DCAI) until a new leader is identified. Shannon Poulin has been named chief operating officer (COO) of PSG. Separation to enable potential private and public equity
Wolfe Research upgraded Intel from Underperform to Peer Perform
Jefferies initiated coverage of Intel with a rating of Hold and set a new price target of $34.00 from $42.00 previously
TD Cowen reiterated coverage of Intel with a rating of Hold and set a new price target of $35.00 from $42.00 previously
Evercore ISI initiated coverage of Intel with a rating of In-line and set a new price target of $40.00
Citigroup reiterated coverage of Intel with a rating of Neutral and set a new price target of $40.00 from $47.50 previously
HSBC Securities reiterated coverage of Intel with a rating of Hold and set a new price target of $44.00 from $46.00 previously
Truist reiterated coverage of Intel with a rating of Hold and set a new price target of $45.00 from $47.00 previously
Mizuho reiterated coverage of Intel with a rating of Buy and set a new price target of $55.00 from $58.00 previously
Goldman reiterated coverage of Intel with a rating of Sell and set a new price target of $39.00 from $34.00 previously
Wedbush reiterated coverage of Intel with a rating of Neutral and set a new price target of $40.00 from $45.00 previously
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Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
At Vision 2024, Intel goes all-in on open and more secure enterprise AI with new customers, partners and collaborations across the AI continuum. NEWS HIGHLIGHTS Intel unveiled a comprehensive AI strategy for enterprises, with open, scalable systems that work across all AI segments. Introduced the Intel® Gaudi® 3 AI accelerator, delivering 50% on average better inference1 and 40% on average better power efficiency2 than Nvidia H100 – at a fraction of the cost. Intel announced Gaudi 3 availability to original equipment manufacturers (OEMs) – including Dell Technologies, HPE, Lenovo and Supermicro – broadening the AI data center market offerings for enterprises. Announced new Int
President of Society for Information Display joins as independent board member Mojo Vision, the high-performance micro-LED company, today announced the appointment of Dr. Achin Bhowmik to its board of directors. Bhowmik, chief technology officer at Starkey, a former executive at Intel (NASDAQ:INTC), and currently the president of the Society for Information Display (SID), joins as an independent board member to provide guidance and oversight for the company as it accelerates the development of next-generation micro-LED technology. With Bhowmik's appointment, Mojo Vision is tapping 23 years of industry experience in perceptual computing, display, and semiconductor business. "Through my w
Intel Corporation today announced that Stacy Smith, executive chairman of Kioxia Corporation, formerly Toshiba Memory Corporation, and chair of Autodesk Inc., was appointed to Intel's board of directors, effective immediately. Smith will serve as an independent director and join the board's Audit & Finance Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240313236334/en/Stacy J. Smith joined Intel Corporation's board of directors in March 2024. (Credit: Intel Corporation) "Stacy's deep understanding of the semiconductor industry, along with Intel's history and strategy, will be a significant asset to the board as it gui
Hotard will be responsible for Intel's data center products and its mission to bring AI everywhere. Intel Corporation today announced the appointment of Justin Hotard as executive vice president and general manager of its Data Center and AI Group (DCAI), effective Feb. 1. He joins Intel with more than 20 years of experience driving transformation and growth in computing and data center businesses, and is a leader in delivering scalable AI systems for the enterprise. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240103210452/en/On Jan. 3, 2024, Intel announced the appointment of Justin Hotard as executive vice president and ge
Pann to accelerate development of Intel's open systems foundry offering. Intel Corporation today announced the appointment of Stuart Pann as senior vice president and general manager of Intel Foundry Services (IFS), Intel's commercial foundry business. Pann will report to Intel CEO Pat Gelsinger and drive continued growth for IFS and its differentiated systems foundry offering, which goes beyond traditional wafer fabrication to include packaging, chiplet standards and software, as well as U.S.- and Europe-based capacity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230321005442/en/Stuart Pann is senior vice president and gener
Dr. Omar Ishrak steps down as chair, remains on Intel's board of directors. Intel Corporation today announced that Frank D. Yeary has been appointed as the new independent chair of its board of directors. This follows Dr. Omar Ishrak's decision to step down as chair. Ishrak will remain on Intel's board as an independent director and continue to serve on the audit and finance committee and corporate governance and nominating committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230123005715/en/Frank D. Yeary joined Intel's board of directors in March 2009. (Photo: Business Wire) "I'm pleased to welcome Frank as chair of Intel
LYON, France, December 6, 2022 -- EDAP TMS SA (NASDAQ:EDAP) (the "Company"), the global leader in robotic energy-based therapies, announced today that the Company has hired medical capital equipment finance industry veteran Ken Mobeck as Chief Financial Officer of EDAP Technomed Inc., the Company's U.S. subsidiary. During his extensive career, Mr. Mobeck has demonstrated significant leadership expertise in driving transformational business growth while establishing a track record of creating lasting shareholder value. Marc Oczachowski, Chairman and Chief Executive Officer of EDAP TMS, stated, "I am very pleased to welcome Ken onboard our U.S. subsidiary. Ken is a great addition to Ryan Rh