Intel, Falcon Shores
Intel posts third consecutive quarterly loss, cancels planned release of Falcon Shores AI chip
In the first earnings report since former CEO Pat Gelsinger left the company, Intel’s fourth-quarter revenue was down seven percent year-on-year (YoY) to $14.3 billion, whilst full-year revenue declined by two percent YoY to $53.1bn.
Intel Cancels Falcon Shores AI Chip To Focus On ‘Rack-Scale Solution’
Intel said it no longer plans to sell its next-generation Falcon Shores AI accelerator chip that was due later this year so that it can focus on developing a “system-level solution at rack scale” with a successor chip it’s calling Jaguar Shores.
Intel Rises on Revenue Beat
Intel lost a mere $126 million quarterly, on $14.3 billion in revenue.
Stocktwits on MSN1h
Intel Stock Gains Pre-Market On Q4 Earnings Beat But Soft Guidance, AI Pivot Dampen Retail SentimentIntel Corp. (INTC) rose 1.4% in pre-market trading on Friday after a fourth-quarter earnings beat. However, investor ...
Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in ...
Intel has announced that its upcoming Panther Lake processor, the first to leverage the Intel 18A process node, is set to ...
Intel channel partners told CRN that the chipmaker is making the right move by boosting partner funding while citing concerns ...
Holthaus also revealed that Intel plans to use Falcon Shores as an internal test chip, not launching it in the market. This ...
Chip-maker Intel reported a slump in fourth-quarter sales and gave a gloomy outlook for its current period that executives said reflected a seasonal buying swoon. For decades the leading U.S.
Job Creation and Economic Impact: With over 12,000 direct employees and thousands more in Intel’s supply chain, Intel is one ...
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