Intel Corp

A Skylo base station in assembly.Skylo TechnologiesSilicon Valley space startup Skylo Technologies landed funding from the corporate venture arms of Intel, BMW and Samsung, as the company aims to bridge the gap between satellite and terrestrial communications.Skylo raised $37 million through an equity round, the company told CNBC, led by Intel Capital and Innovation Endeavors and joined by BMW i Ventures, Next47, Samsung Catalyst Fund and Seraphim Space. The raise brings Skylo's total equity fundraising to $153 million,…

Mobileye signage is displayed during the company's initial public offering at the Nasdaq MarketSite in New York on Oct. 26, 2022.Michael Nagle | Bloomberg | Getty ImagesMobileye, the self-driving technology company majority owned by Intel, warned on Thursday that it expected that customer orders would drop off dramatically for the first quarter of 2024.Shares plunged as much as 25% on the news during Thursday morning trading."We have become aware of excess inventory at our customers," Mobileye said in a preliminary…

In November, CNBC visited Apple's campus in Cupertino, California, to get a look inside one of the company's many chip labs. CNBC also got a rare chance to talk with the senior vice president of hardware technologies, Johny Srouji, and Apple's senior vice president of hardware engineering, John Ternus, about the company's push into the complex business of custom semiconductor development, which is also being pursued by Amazon, Google, Microsoft and Tesla.Unlike traditional chipmakers such as Nvidia and Intel, Apple is not…

My top 10 things to watch Monday, July 24 1. Chevron (CVX) on Sunday announced excellent preliminary second-quarter results , while extending the contract of CEO Mike Wirth. The United States' second-largest oil firm in May announced an agreement to expand its shale operations by acquiring PDC Energy (PDCE) in a deal valued at $7.6 billion, including debt. Chevron is set to release its full second-quarter report on Friday. 2. Truist on Monday lowered its price target on Club oil name Pioneer Natural Resources (PXD) to…

The US-based Semiconductor Industry Association trade group on Monday called on the Biden administration to "refrain from further restrictions" on chip sales to China as chief executives from the biggest U.S. semiconductor firms planned to visit Washington this week to press their views on China policy.The statement came as the Biden administration considers updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Reuters reported…

Senior US chip company executives are holding meetings with Biden administration officials on Monday to discuss China policy as the US considers new restrictions, a source told Reuters.Commerce Secretary Gina Raimondo, National Economic Council director Lael Brainard and National Security Council director Jake Sullivan on Monday are among government officials who are holding the meetings with Intel, Qualcomm and Nvidia, the source said. Earlier on Monday, the US-based Semiconductor Industry Association (SIA) trade group…

Advanced Micro Devices shares slumped after the chipmaker forecast quarterly sales below estimates due to a weak PC market, overshadowing the company's optimism that the chip market would start to recover in the second half of 2023. The company also missed analyst estimates for PC and data center chips sales for the first quarter, and its shares fell over 6% in extended trading. That stood in contrast to rival Intel Corp, whose shares rose nearly 3% in extended trading. Intel last week said the PC market would start…

Autonomous driving technology maker Mobileye Global Inc lowered its forecast for annual revenue on Thursday due to a slowdown in electric-vehicle demand in major auto market China, sending the company’s shares down nearly 15% before the bell. China’s decision last year to end a more than a decade-long subsidy for EV purchases has forced automakers to deepen discounts in the world’s largest market in a bid to arrest a demand slowdown. Mobileye, which counts auto parts suppliers Aptiv Plc and Magna International among its…

ASML Holding NV, where Van den Brink is now the chief technology officer, practically owns the market for a critical piece of equipment needed to produce the brains of everything that makes modern life possible — from cars and smartphones to computers, microwaves and airplanes. With the company’s high-end machines churning out chips that can also go into state-of-the-art weapons and artificial intelligence devices, ASML is effectively being treated as critical infrastructure for US national security and has…

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest US initial public offerings of the year above its marketed range to raise $861 million.Michael Nagle | Bloomberg | Getty ImagesShares of Mobileye, Intel's self-driving subsidiary, were trading sharply lower on Thursday after the company cut its full-year forecast, citing weakness in China's electric vehicle…