Could include proposal to shed Altera chip unit or shelve German chip fab

Chipmaker also looking to fend off potential activist campaign from investors

Company saw its stock price sink after results were published

Company due to post Q2 2024 results this week

First day at the company is August 12

Company claims its accelerator kits are cheaper than comparable competitor offerings

But CEO Pat Gelsinger says company is “right on track”

Claims new AI accelerator provides 50 percent better inference than Nvidia H100

Updates financial reporting structure to increase transparency

President Biden will visit Intel’s Chandler, Arizona, campus to announce the deal

Announcements were made at the first Intel Foundry Direct Connect in San Jose, California

Site is not expected to be completed until 2026

Brings the total layoffs by Intel in the state to more than 1,700 this year

Company hopes that this is rock bottom

And company announces collaboration with Arm on SoC design

"We stumbled," Intel CEO admits, warning of more stumbling

Randhir Thakur leaves amid wider company cuts

Employees will find out what's happening next month, with thousands at risk

In a terrible quarter for the chip giant

Details are light, and talks may not lead anywhere

Facility is used to create the baseline manufacturing technology that it uses around the world

Gaining a greater share of the older, bigger node business

But TSMC may beg to differ

As it expands its third party foundry business

This would make it the world's fastest supercomputer

Company claims it has 70 proposals for sites across Europe

Will build a semiconductor plant just for the automotive industry

This may be IFS' largest contract to date