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Now that Pat Gelsinger is no longer occupying the corner office at embattled chipmaker Intel (INTC), he can acknowledge one thing about the semiconductor industry.Nvidia (NVDA) has a wide, wide lead over its rivals on the tech front..."They have built meaningful moats around their franchise," he added.Gelsinger led aggressive efforts to turn around Intel for more than three years. He slashed thousands of jobs, improved costs, secured CHIPS Act funding, built chip foundries, and promised fast AI chips that could compete with Nvidia and AMD (AMD).He was fired in early December amid missed financial targets, lack of progress on the...

SAN FRANCISCO (Reuters) - The old geek's joke about the microchip so warm it can iron your pants or fry an egg could soon be an understatement, according to Intel, the world's largest chip maker. If unchecked, the increasing power requirements of computer chips could boost heat generation to absurdly high levels, said Patrick Gelsinger, Intel Corp. chief technology officer and the chip maker's research visionary. By mid-decade, that Pentium PC may need the power of a nuclear reactor. By the end of the decade, you might as well be feeling a rocket nozzle than touching a chip. And...

Gelsinger took to X on Monday to suggest that the market's assumptions were wrong. He said that instead of reducing demand, making computing "dramatically cheaper" and more efficient to use — as DeepSeek appears to have done — "will expand the market for it." The former Intel boss, who retired from the company in December after struggling to capitalize on the AI boom, also suggested that the Chinese engineers at DeepSeek "had limited resources, and they had to find creative solutions" to squeeze performance out of their models. The AI industry has insisted that models become smarter when powered with...

The CEO of Intel prompted mixed reactions for posting a verse from Proverbs on Sunday after announcing that more than 15% of the tech company's workforce will be laid off amid its plummeting share price. "Let your eyes look straight ahead; fix your gaze directly before you. Give careful thought to the paths for your feet and be steadfast in all your ways," Pat Gelsinger posted to X, quoting Proverbs 4:25-26. Gelsinger drew criticism from some X users who mocked him for "praying" and accused him of "resorting to religion to save the company." "Have you even asked yourself how...

(KRON) — Intel has announced plans to lay off 15 percent of its global workforce. On Thursday, the semiconductor chip manufacturing giant posted its second-quarter financial results for 2024, including a $10 billion cost reduction plan. (SNIP) Intel’s second-quarter revenue is down 1 percent year-over-year, and the company said it will be suspending dividends in the fourth quarter of 2024. “Our Q2 financial performance was disappointing, even as we hit key product and process technology milestones,” said Intel CEO Pat Gelsinger in a news release. “Second-half trends are more challenging than we previously expected, and we are leveraging our new...

Intel’s on a long, long road to recovery, and over 15,000 workers will no longer be coming along for the ride. The chipmaker just announced it’s downsizing its workforce by over 15 percent as part of a new $10 billion cost savings plan for 2025, which will mean a headcount reduction of greater than 15,000 roles, Intel tells The Verge. The company currently employs over 125,000 workers, so layoffs could be as many as 19,000 people. Intel will reduce its R&D and marketing spend by billions each year through 2026; it will reduce capital expenditures by more than 20 percent...

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel, two sources familiar with the matter told Reuters... indicate the companies are moving closer to determining whether they will commit hundreds of millions of dollars' worth of manufacturing contracts to Intel...Advanced Micro Devices is also evaluating whether Intel's 18A manufacturing process is suitable for its needs but it was unclear if it had sent test chips through the factory...The success of Intel's contract manufacturing business, or foundry, was the centerpiece of former CEO Pat Gelsinger's plan to revive the once iconic American technology company. But the board fired Gelsinger...

In a sure sign that a stable hand is at the wheel, Intel CEO Pat Gelsinger is tweeting out inspirational Bible verses. Intel’s stock plummeted at the end of last week. Sunday afternoon, Gelsinger quoted Proverbs—the New International Version translation. The bit of poetry came amidst a collapsing stock price at Intel following the news that the company had missed quarterly targets and would cut thousands of jobs. “Let your eyes look straight ahead; fix your gaze directly before you. Give careful thought to the paths for your feet and be steadfast in all your ways,” Gelsinger posted, quoting Proverbs...

Nvidia just made some MASSIVE announcements in terms of ARM-based computers, so they're now joining Apple and AMD in the fight against Intel and their x86-based chips.