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Intel Wants to Use Tax Dollars to Catch Up With its Competitors and Restore Domestic Chip Making

Intel Wants to Use Tax Dollars to Catch Up With its Competitors and Restore Domestic Chip Making

by Andre Beganski | Nov 15, 2022

At dawn on a recent November day in New Albany, Ohio, thousands of construction workers dressed in hard hats and bright yellow vests clocked in at their job sites, tasked with turning what was once acres of farmland into a cluster of cutting-edge facilities.  The...
Intel Moves to Cut Costs and Prioritize Efficiency Amid Slump in Semiconductor Demand

Intel Moves to Cut Costs and Prioritize Efficiency Amid Slump in Semiconductor Demand

by Andre Beganski | Nov 1, 2022

Intel Corp. has set out to streamline its operations in response to economic headwinds that’ve dragged down demand for semiconductors more than it originally anticipated. The chipmaker said Thursday it expects to save $3 billion in 2023 through cost reductions and...
Intel CEO Patrick Gelsinger Views Simmering Geopolitical Tensions over Chips as ‘Inevitable’

Intel CEO Patrick Gelsinger Views Simmering Geopolitical Tensions over Chips as ‘Inevitable’

by Andre Beganski | Oct 25, 2022

While the geopolitical outlook of powerful nations has been influenced by oil as a key asset for decades, semiconductors are shaping up to play a similar role on the global stage for the foreseeable future. And in response to a chip industry that’s seen manufacturing...
Intel takes on Nvidia and AMD with graphics card for gaming PCs

Intel takes on Nvidia and AMD with graphics card for gaming PCs

by Andre Beganski | Oct 6, 2022

Intel Corp. said Tuesday its new graphics card for gaming computers will launch next month, squaring up to compete with Advanced Micro Devices Inc. and Nvidia Corp. on rival turf. Intel’s area of expertise has long been the production central processing units, which...
CHIPS Act Falls Flat on Investors Among Inventory and Revenue Concerns for Chipmakers

CHIPS Act Falls Flat on Investors Among Inventory and Revenue Concerns for Chipmakers

by Andre Beganski | Sep 20, 2022

Despite billions of dollars for chip plants built in the U.S. and a lucrative tax credit, investor demand for semiconductor stocks has short circuited amid the CHIPS and Science Act. Nvidia (NVDA) has been hit hardest, down 55% on the year, after closing Friday at...

Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.
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