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Intel Corp (INTC.O)

INTC.O on Nasdaq

9 Dec 2016
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$0.06 (+0.17%)
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Latest Key Developments (Source: Significant Developments)

Intel to acquire Itseez Inc
Thursday, 26 May 2016 12:10pm EDT 

: Intel acquires Computer Vision for IoT, automotive; signs agreement to acquire Itseez Inc, an expert in Computer Vision algorithms .Intel says Itseez will become "a key ingredient" for its Internet of Things Group (IoTG) roadmap.  Full Article

Healthcare AI startup Lumiata closes $10 mln Series B led by Intel Capital
Thursday, 26 May 2016 12:00pm EDT 

Lumiata: Lumiata, an AI-powered predictive analytics company, has raised $10 million in financing led by Intel Capital .Lumiata closes $10 million Series B financing with Intel Capital to advance medical artificial intelligence for healthcare.  Full Article

Intel issues $2.75 billion aggregate amount of senior notes
Thursday, 19 May 2016 10:42am EDT 

Intel: Issued $500 million aggregate principal amount of 1.700% senior notes due 2021 , $1.00 billion aggregate principal amount of 2.600% senior notes due 2026 .Intel corp says on may 19 issued $1.25 billion aggregate principal amount of 4.100% senior notes due 2046.  Full Article

Intel Corp to cut up to 12,000 jobs as PC industry swoons - Reuters News
Tuesday, 19 Apr 2016 08:09pm EDT 

Intel Corp:Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found - RTRS.Intel, the world's largest chipmaker, lowered its revenue forecast for the year.It now expects revenue to rise in mid-single digits, down from its previous forecast of mid- to high-single digits. Intel's shares were down 2.2 percent at $30.90 in extended trading.Most of Intel's factories are in the United States, although it did not identify where cuts would be focused geographically.It said it would record a pretax restructuring charge of $1.2 billion in the second quarter and expected annual savings of $1.4 billion per year starting mid-2017.The company also said Chief Financial Officer Stacy Smith will move to a new role leading sales, manufacturing and operations. Intel said it would begin a formal search process for a new CFO.Smith said that Intel now expects the PC market to decline by a percentage in the high single digits in 2016 versus a prior forecast of a mid single-digit decline.Declines in China and other emerging markets are also leading to greater than anticipated reductions in worldwide PC supply chain inventory, Intel Chief Executive Brian Krzanich said on a conference call.  Full Article

Intel Corp plans to cut thousands of jobs - report - Reuters News
Saturday, 16 Apr 2016 01:03am EDT 

Intel Corp:Intel Corp is planning to cut thousands of jobs this spring, including reducing headcount in some business units by double-digit percentages, news website Oregonlive said, citing sources inside the company familiar with the plan - RTRS.The job cuts at the world's largest chipmaker this year will be considerably larger than the more than 1,100 U.S. jobs eliminated last year, Oregonlive said.Intel is also looking to consolidate some operations and close some smaller outposts after a series of acquisitions Oregonlive said on Friday.The job cuts, which could also include top executive roles, could begin soon after the company reports its first-quarter results on Tuesday, Oregonlive said.Intel, which had 107,300 employees as of Dec. 26, declined to comment.The company had said in 2014 it planned to reduce its global workforce by about 5 percent, or more than 5,000 positions, as it struggled with falling personal-computer sales and shifted focus to faster-growing areas.Last week Intel said two senior executives would leave.  Full Article

Intel Corp declares quarterly cash dividend
Friday, 22 Jan 2016 09:00am EST 

Intel Corp:Declared a quarterly dividend of 26 cents per share ($1.04 per share on an annual basis) on the company's common stock.Says dividend will be payable on March 1, 2016, to stockholders of record on February 7, 2016.  Full Article

Intel Corporation completes acquisition of Altera Corporation
Monday, 28 Dec 2015 09:30am EST 

Intel Corporation:Has completed the acquisition of Altera Corporation.  Full Article

Intel Declares Quarterly Cash Dividend
Friday, 11 Sep 2015 09:00am EDT 

Intel Corporation's:Declares a quarterly dividend of 24 cents per share (96 cents per share on an annual basis) on the company's common stock. The dividend will be payable on Dec. 1, to stockholders of record on Nov. 7.  Full Article

Intel Corp Invests US$50 Million to Advance Quantum Computing
Thursday, 3 Sep 2015 07:00am EDT 

Intel Corp:Says 10-year collaborative relationship with the Delft University of Technology and TNO, the Dutch Organisation for Applied Research, to accelerate advancements in quantum computing.Says To achieve this goal, Intel will invest US$50 million and will provide significant engineering resources both on-site and at Intel, as well as technical support.  Full Article

U.S. judge approves $415 mln settlement in tech worker lawsuit, which workers accused Apple Inc, Google Inc and Intel Corp and Adobe Systems Inc - Reuters
Wednesday, 2 Sep 2015 08:00pm EDT 

Intel Corp:A U.S. judge on Sept.2 granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries - Reuters.The plaintiffs alleged that Apple Inc, Google Inc , Intel Corp and Adobe Systems Inc agreed to avoid poaching each other's employees, thus limiting job mobility and, as a result, keeping a lid on salaries - Reuters.In a ruling on Sept.2, U.S. District Judge Lucy Koh in San Jose, California, found the deal was fair to the thousands of plaintiff workers in the class action - Reuters.Attorneys representing those workers had asked for about $81 million in fees - Reuters.However, Koh decided such an award would be an inappropriate "windfall" for the lawyers, and awarded about $40 million instead - Reuters.The antitrust class action lawsuit was filed in 2011 - Reuters.The case was based largely on emails in which Apple co-founder Steve Jobs, former Google Chief Executive Officer Eric Schmidt and some of their rivals detailed plans to avoid poaching each other's prized engineers - Reuters.  Full Article


Delphi, Mobileye to use Intel chip for self-driving car system

Auto parts maker Delphi Automotive Plc and Israeli technology firm Mobileye NV will put an Intel Corp chip at the heart of their joint effort to produce self-driving vehicles by 2019, the companies said on Tuesday.