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Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report

According to a Wall Street Journal report, US President Joe Biden will soon announce subsidies top semiconductor companies like Samsung, Intel, TSMC (Taiwan Semiconductor Manufacturing Co) and others to make advanced chips in the US. The strategy is to keep the US and its allies as ahead of fierce rivals like China as is possible. The windfall is expected to be in the billions of dollars and it will be announced in coming weeks and this will be to help them build new factories in the U.S. The forthcoming announcements…

Computex 2023: Intel cedes spotlight at global tech gala to AI darling Nvidia

When Asia's biggest computing and electronics show kicked off this week, one name was conspicuously absent: Intel Corp. The US chipmaker does not have an official presence at this year's Computex exhibition, an event it once dominated through keynote speeches and an outsized footprint on the show floor. The 2023 edition opened instead with a marathon two-hour showcase by Nvidia Corp. Chief Executive Officer Jensen Huang, a day before it became the first $1 trillion chipmaker in anticipation of a wave of demand for its…

Departing Intel exec to focus on loosening Nvidia’s grip on AI for movies, games

Raja Koduri, the chief architect at Intel Corp, is leaving to start a company that aims to loosen long-time rival Nvidia Corp's grip on the digital movie and video game markets. Koduri, whose departure was announced by Intel Chief Executive Pat Gelsinger in a tweet on Tuesday, told Reuters his as-yet-unnamed company will aim to make a new wave of so-called generative artificial intelligence tools that work on chips from Intel, Advanced Micro Devices, Apple Inc or even future chips based on open-source RISC-V technology.…

US Chipmaker Intel Pledges More Cost Cuts as Sales Forecast Misses Estimates

Intel Corp., the largest US chipmaker, gave a quarterly revenue forecast that widely missed analysts’ estimates. Intel Corp., the largest US chipmaker, gave a quarterly revenue forecast that widely missed analysts' estimates, conceding that a slump in computer demand is dragging on longer than anticipated. Fourth-quarter revenue will be about $14 billion to $15 billion, the company said in a statement late Thursday, compared with analyst estimates for $16.3 billion. Profit, excluding certain items, will be 20 cents

Intel delays Meteor Lake chip to 2024 as TSMC slows 3nm expansion, says report

New Delhi: The mass production of chip-maker Intels next big flagship processor Meteor Lake is expected to be delayed until 2024, a report has said.According to TrendForce research, Intel plans to outsource the tGPU chipset in Meteor Lake to Taiwan Semiconductor Manufacturing Company (TSMC) for manufacture. "Mass production of this product was initially planned for 2H22 but was later postponed to 1H23 due to product design and process verification issues," the report mentioned. Recently, the product's mass production…