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

But some fear an overcorrection could lead to a semiconductor glut

IFS off to a strong start as Intel announces ambitious goals

Top down change to help slow the decline

But claims it will pick up next quarter

It's going to get a little better, but the problem won't go away for a while

Dell gets $10 billion, and stock goes up

Plus a research collaboration with IBM, 7nm on the way, access to x86, and more