Intel’s New Albany facility will be spun off into new company under restructuring plan
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
Intel's Beaten-Down Stock Is Getting a Reprieve Today
Key Takeaways Shares of Intel recently traded at their highest levels this month.Investors responded positively to Monday night's turnaround update from Intel CEO Pat Gelsinger.Some Wall Street analysts,
Intel’s Ohio facility to be spun off into new company
The $20 billion computer chip manufacturing facility that Intel is constructing in New Albany, Ohio, will be spun off into a new company as part of a restructuring to restore investor faith and save the company’s sinking stock prices.
Intel Plans Changes for Leaner, More Profitable Company
Intel CEO Pat Gelsinger provided updates to employees on September 16, 2024, following the announcement of Q2 earnings, previously announced layoffs, and subsequent speculation. The company’s Board of Directors recently held a meeting to discuss strategy,
Intel to produce semiconductor chips for Amazon Web Services at New Albany plant
The partnership, which the companies describe as a multi-year, multi-billion-dollar co-investment, comes as Intel continues to build out its $28 billion chip manufacturing complex in New Albany.
AI, military chips to be made at future Intel plant in central Ohio
Intel announced a new partnership with Amazon to make AI chips, and a $3 billion investment from the federal government to ...
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Could Intel cost-cutting halt Ohio plant?
View August drone footage from Intel’s Ohio One construction site in the video player above. NEW ALBANY, Ohio (WCMH) — ...
Intel's financial woes take luster off New Albany project, but Ohio leaders remain bullish
Two years after the New Albany project broke ground, some of the luster has worn off Intel's massive semiconductor fab in Licking County.
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Billions in CHIPS Act funding were supposed to help Intel in Ohio. Where’s the money?
NEW ALBANY, Ohio (WCMH) — Intel is trying to form a comeback after losing over a billion dollars in a quarter and tanking its stock, and now concerns over when it will get promised federal ...
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Intel, AWS Collaboration Advances U.S.-Based Chip Manufacturing
Intel will produce custom chips for AWS; multi-year, multi-billion-dollar partnership accelerates development of Ohio chip ...
Columbus Dispatch4d
Intel strikes multibillion-dollar deal with Amazon, boosting New Albany project
Intel on Monday reaffirmed its commitment ... chips that are expected to be produced in New Albany. Construction continues to ramp up at the Ohio site with an expected completion of the ...
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The Irony Of AWS Being Intel’s Latest Savior
Intel needs a whole lot of big wins for both its chip design and selling business and its increasingly arm’s length foundry ...
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Did you win? Lottery ticket worth $340,000 sold in Columbus
An Ohio Lottery ticket worth $340,000 was sold at a Columbus Giant Eagle and the winner has yet to claim the prize.
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Intel strikes multibillion-dollar deal with Amazon, boosting New Albany project
Intel on Monday reaffirm its commitment to its $28 billion project in New Albany and said it has struck a new multiyear, multibillion-dollar partnership with Amazon, one of its Licking County ...