CEO Lip-Bu Tan wants to return Intel to its engineering roots

IQM Spark system will be installed in Q2 2025

Companies said achievements demonstrate “strengths and innovation” of longstanding partnership

Builds on the 64-qubit system previously deployed by the partners

Project expected to be complete by June 2025

Second round of layoffs employees have faced in a 12 month period

Investment will allow company to grow its EM-2 product portfolio

Multiple business groups will now report directly to Lip-Bu Tan

Chip launch follows additional US export restrictions on Nvidia H20 GPUs to China

Chip launch follows additional US export restrictions on Nvidia H20 GPUs to China

Company also launched new AuraLinks AI business unit

Wants to scale the system to 100 logical qubits by 2030

Company posted net sales of €7.7bn for the three month period

Follows Nvidia's announcement it plans to produce AI supercomputers in the US

Chips will be used to support use cases within the Air Force

Canadian telco also planning to expand its Kamloops site to house a supercomputer

System funded by a $3.15 million, five-year grant from the National Institutes of Health

System deployed in the company’s IBM Quantum Data Center in Germany

Government also approved Samsung’s request to increase work week for chip employees above legal maximum

Company’s 6th-gen processor has been taped out on TSMC’s N2 process technology

System specifications still not been shared

Funding package made up of new and previously announced investments

Intel first acquired the FPGA chip company in 2015 for $16.7bn

President says there will be some flexibility with semiconductor tariffs