CEO Pat Gelsinger cites missed revenue targets and the company's inability to capitalise on AI trends
Panther Lake processors to debut in 2025
'Our strategy is to democratise AI, scaling it and making it ubiquitous' says CEO Gelsinger
'Our costs are too high and our margins are too low,' says CEO Gelsinger
Meeting raises expectations of cooperation between Intel and Samsung as the race for next-generation processing technology intensifies
Nvidia announced the cancellation of its $40 billion Arm acquisition earlier this month, citing 'severe regulatory hurdles'
Creating new business units will boost innovation in critical business areas
CEO Pat Gelsinger says the company will invest $20 billion (£14.6 billion) on two new 'fabs' in Arizona this year
Chipmaker says the move is unrelated to Intel's recent financial performance
Two deals are valued together at $4.8 billion and come just days after VMware acquired Intrinsic for an undisclosed sum