This comes as chipmaker Intel faces troubled waters, with revenue margin shrinking on account of excessive competitors within the manufacturing expertise house and little success within the booming marketplace for synthetic intelligence (AI) chips.
Apple-Intel deal?
Apple had acquired Intel’s modem division in 2019, however this report suggests a full-scale takeover of the corporate. Tom, the YouTuber, reiterated in his video that these are simply rumours.
The tech big, whose highly effective Mac laptops had been powered by Intel chips, has since transitioned to its personal silicon chips from 2020. Apple’s silicon chips are based mostly on the ARM structure and are utilized in lots of Apple’s units, together with the iPhone, iPad, Apple TV, Apple Watch, AirPods, AirTag, HomePod, and Apple Imaginative and prescient Professional. Apple’s most up-to-date chip is the M4, which was launched in Could 2024.
Intel’s woes
At a present market worth of lower than $100 billion, the longtime semiconductor trade chief has been on the middle of discussions a few takeover or a breakup. Its share value has plunged 60% since Pat Gelsinger grew to become CEO in February 2021. The corporate laid off over 17,000 workers this 12 months to chop prices.
Uncover the tales of your curiosity
The Silicon Valley firm on October 31 mentioned its loss for the third quarter totaled $16.6 billion, the most important in its 56-year historical past, a results of $15.9 billion in costs to replicate lowered valuations of firm property and a $2.8 billion restructuring cost.The corporate missed out on the AI boom. Right this moment, Nvidia is the unequalled AI chip king and one of the vital precious companies on this planet, whereas Intel, as soon as the semiconductor superpower, is reeling and getting no carry from the AI gold rush.
Discover more from News Journals
Subscribe to get the latest posts sent to your email.
