Intel said its is spinning out its artificial intelligence robotics and biometric RealSense and announced a $50 million funding round. RealSense, which makes tools and technology for robotics automation, said it plans to use the funding to develop new product lines and meet growing demand.
SAN FRANCISCO--(BUSINESS WIRE)--RealSense, a pioneer in AI-powered computer vision, today announced its successful spinout from Intel Corporation and the close of a $50 million Series A funding round. With investment led by a renowned semiconductor private equity firm and participation from strategic investors, including Intel Capital and MediaTek Innovation Fund, RealSense now operates as an i...
Intel (NASDAQ:INTC) stock increased almost 7% on Tuesday, despite the absence of significant stock-specific news to justify such a significant movement. The overall semiconductor sector has been on an upward trend in recent weeks, and Intel stock, which is still down around 32% over the previous year, may be attracting investor interest as a possible rebound opportunity.
Intel is shifting focus from the 18A node to 14A, prioritizing cost cuts and margin improvement over risky, capital-intensive innovation. Management's decision to abandon 18A is driven by weak customer demand, poor yields, and TSMC's superior 2nm process economics. Aggressive layoffs and divestitures are expected to boost margins and return Intel's revenue per employee to pre-pandemic levels.
I maintain my Buy rating on Intel, expecting a strong Q2 earnings beat and a potential stock price surge as the market underestimates its turnaround. Consensus estimates for Intel's Q2 EPS are setting a very low bar, creating a high probability for another significant earnings beat that could ignite the stock. The lack of a clear seasonal pattern suggests Wall Street's pessimism is overblown, e...
The three major microchip stocks in this analysis all look as if they are going higher over the longer-term, but they are moving at different paces, as would be expected. Nvidia continues to run hot, while the other two are in the process of turning it up to higher levels.
Intel Corp. will lay off more than 500 employees in Oregon beginning July 15, as part of a larger restructuring effort under newly appointed CEO Lip-Bu Tan.
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