Deal could see TSMC take 20 percent stake in Intel’s foundry operations

Chips offered from IBM's Frankfurt and Washington DC regions

Will start new role on March 18

Nvidia, AMD, Qualcomm, and Broadcom have all been approached, sources claim

Despite delays, chipmaker says it is still committed to the Ohio One project

Chipmaker also unveils two new Ethernet controller and network adapters

Two companies said to be considering separate acquisitions of Intel’s chip design business and semiconductor fabs

Replaces Pekka Lundmark, who leaves after four years at the helm

The agreement will see Intel provide chips to support the project

Despite the downturn, company has received first two installments of CHIPS Act funding

Fund will start operating independently under a new name in the latter part of 2025

Job postings reveal company is developing a “server solution for data center applications”

Almost a year since spinout was first announced

Former CEO Pat Gelsinger amongst executives named in the case

Two interim CEOs have been appointed until a replacement is found

Company will receive $7.9bn

System is set to go live in July 2025

Ministers undecided about how the funds should be reallocated

Has three R&D centers in the middle eastern nation

Results a “good step” says CEO, despite largest-ever loss

Will also establish customer solutions center at the site

Part of a broader plan to cut 15,000 jobs

Linus Torvalds and Tim Sweeney join biggest tech names

Company said product unit was not for sale