News & Insights Across Asia
Intel’s Gaudi accelerator chips have fallen short of sales expectations, leading the company to scrap its 2024 forecast. This highlights Intel’s ongoing challenges in the competitive AI hardware market.
Intel loses bid to supply chips for Sony’s upcoming PlayStation 6, with AMD set to continue its partnership. The setback highlights Intel’s challenges in expanding its contract manufacturing business.
Intel announces plans to cut 15% of its workforce and suspend its dividend as part of a turnaround strategy focused on revitalizing its manufacturing business and competing in the AI chip market.
Intel and Nvidia are launching adapted AI chips for the Chinese market to comply with U.S. export controls, highlighting the tech industry’s response to geopolitical tensions.
Intel reports a $7 billion operating loss for its chip-making unit in 2023, intensifying efforts to regain industry leadership from competitors like TSMC by investing heavily in manufacturing advancements.