#intel

#intel

Intel Corp. shares jumped after the chipmaker returned to profitability and gave an upbeat revenue forecast, suggesting that it's making progress on a long and challenging comeback attempt. Fourth-quarter sales will be roughly $13.3 billion, the company said in a statement Thursday. Though that was just below Wall Street's average estimate, some analysts were still including revenue from a unit that Intel just spun off money that wasn't part of the company's forecast.

Intel (Nasdaq: INTC) reported Q3 earnings after the bell, and investors like what they see. Here are the key things to know from earnings. The Good: Adjusted EPS of $.23 beat Wall Street expectations of $.01. Revenue of $13.7 billion also beat expectations of $13.4 billion Intel's Client Computing and Data Center and AI groups both soundly exceeded expectations. Intel's CFO said "Current demand is outpacing supply, a trend we expect will persist into 2026."

The chief architect behind Intel's Xeon line of server CPUs is leaving Chipzilla for greener pastures. Senior fellow and Xeon Chief Ronak Singhal's nearly 30-year tenure at the x86 giant will come to an end later this month, according to a CRN report, which The Register has independently confirmed. The Carnegie Mellon alum holds degrees in electrical and computer engineering, along with at least 30 patents involving CPUs. Singhal joined Intel in 1997 after spending the previous summer as an intern at Cyrix.

Throughout her incredible career, Michelle has transformed major businesses, built high-performing teams and worked to delight our customers,

Zinsner emphasizes that the construction of 14A production capacity will only proceed if there are sufficient commitments from external customers. According to Zinsner, this is purely financial common sense. The chip manufacturer wants to avoid making billions in investments without guaranteed sales.

[T]he truce came with a cost: In return for Trump's support, the administration proposed taking an equity stake in the company. It decided to convert nearly $9 billion in grants-promised to Intel as part of the 2022 Chips Act-into a 10% equity stake in the company, an unusual arrangement that makes the government Intel's biggest shareholder. The meeting was the pivot point in a frenzied period for Intel, once one of America's most venerated technology companies, now stuck in a yearslong downward spiral.

Donald Trump has a message for critics who think turning the U.S. government into a major stockholder of Intel is a "socialist" move: More is coming. "I will make deals like that for our Country all day long," the president posted on Truth Social after critics piled on, adding later about future ownership stakes, "I want to try and get as much as I can."

Politicians can end up with strange bedfellows in this chaotic age, but certain economic tenets are virtually incontrovertible: calls to nationalize industry typically come from the left, while the right steadfastly opposes those efforts in favor of market-based solutions. And yet, for some reason, the ever-chaotic president Donald Trump has directed the US government to acquire a 10 percent stake in the troubled chipmaker Intel - a bizarre and impractical move that's being decried across the ideological spectrum.

Shares of the struggling chipmaker have rallied 28% this month, adding about $24 billion in market value, on reports that the US government is in talks for a potential equity stake, as well as plans for a $2 billion investment from Japan's SoftBank Group Corp. The jump has Intel trading at 53 times profits projected over the next 12 months, the highest since early 2002, according to data compiled by Bloomberg.