Intel and Germany sign agreement for $32.8 billion chip plant investment
Intel and the German government have signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin.
Chipmaker Intel Corp. blames internal error on data leak
FILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. (AP Photo/Richard Drew, File)BOSTON – The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. The company’s quarterly results were originally scheduled to be published hours later after the close of trading on Wall Street Thursday. It quoted an unnamed company spokesperson as saying Intel was notified that the graphic was circulating outside the company. Intel’s network was not compromised and we have adjusted our process to prevent this in the future.”The company's stock price closed down more than 9% Friday.
Intel replaces its chief executive after a rocky stretch
(AP Photo/Richard Drew, File)Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger. Apple also dealt a blow to Intel last year when it began replacing Intel processors with Apple-designed chips on new Mac computers. He spent most of that time with Intel Corp., where he began his career and was its first chief technology officer. After a search, Intel confirmed Swan as CEO in early 2019.