Not long ago, Intel looked like a fallen giant. Now, the chipmaker has posted its “strongest revenue growth in more than fifteen years,” CEO Lip-Bu Tan said Thursday. The company’s second-quarter results sent shares up more than 11% in after-hours trading. The company reported revenue of $16.1 billion, up 25% from a year earlier. It … Read more
Nvidia on Thursday said that it will invest $5 billion in Intel and partner with the struggling chipmaker to build artificial intelligence infrastructure and personal computer products, in what the companies called a “historic collaboration.”As part of the agreement, Nvidia will buy Intel common stock at $23.28 a share, subject to regulatory approvals, AP reported. … Read more
Nivruti Rai, country head of Intel India, says the company has piloted a project in India called WoW, or Wireless over Wire, that takes internet through electricity wires. Given that most villages have electricity connections, this could be a big breakthrough in making the internet available to remote areas if the technology is proved viable. … Read more