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Intel's quarterly revenue edges past estimates

Last Updated: Thursday, July 16, 2015, 09:26

Intel Corp reported quarterly revenue slightly above analysts` expectations on Wednesday, as growth in its data centres and Internet-of-Things businesses helped offset weak demand for personal computers that use the company`s chips.

Intel pledges $125 mn for start-ups that back women, minorities

Last Updated: Tuesday, June 9, 2015, 22:40

Following up on its earlier pledge to spend $300 million over the next five years to improve diversity, Intel Corp promised more on Tuesday, this time to back companies with women and minorities in leadership roles.

Intel to buy Altera for $16.7 billion in its biggest deal ever

Last Updated: Tuesday, June 2, 2015, 06:57

Intel Corp agreed to buy Altera Corp for $16.7 billion as the world`s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres.

Intel close to deal to buy Altera for $16 billion: Sources

Last Updated: Friday, May 29, 2015, 23:55

Intel Corp has resumed negotiations to buy smaller chip maker Altera Corp and is close to a $16 billion acquisition agreement, people familiar with the matter said on Friday.

Intel''s standstill with Altera expires in June

Last Updated: Friday, May 1, 2015, 16:04

Earlier this month, Altera rejected an unsolicited $54 per share offer from Intel following months of negotiations, the sources said, asking not to be identified discussing confidential information

Intel sees revenue holding, cuts capital spending, shares up

Last Updated: Wednesday, April 15, 2015, 08:48

"It`s slightly better than feared," said Christopher Rolland, an analyst at FBR Capital markets. "It looks like bottom line impacts are mitigated by better expenses, interest income and taxes."   

Chipmaker deal helps Wall Street rebound

Last Updated: Saturday, March 28, 2015, 09:31

Wall Street on Friday closed higher for the first time in a week, lifted by rising tech stocks, while oil prices slumped 5 percent on receding fears about Middle East fighting disrupting supplies.

Intel in talks to buy Altera, shares of firms surge

Last Updated: Saturday, March 28, 2015, 08:58

Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion.

Intel forecasts disappointing revenue; shares fall

Last Updated: Friday, January 16, 2015, 08:17

Chipmaker Intel Corp forecast revenue and gross margins for this quarter that disappointed investors, sending its shares down 2.7 percent in extended trading.

Intel to invest $1.6 billion in China factory

Last Updated: Thursday, December 4, 2014, 13:23

Intel Corp will invest $1.6 billion to upgrade its factory in the city of Chengdu in western China.

Intel to reduce global workforce by 5 pct in 2014

Last Updated: Saturday, January 18, 2014, 03:41

Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday.

John McAfee says glad Intel dropping his name from security software

Last Updated: Wednesday, January 8, 2014, 01:50

John McAfee, the flamboyant millionaire who founded the eponymous anti-virus software pioneer that Intel Corp bought for USD 7.7 billion, says he is glad that the chipmaker plans to drop his name from the product.