JERUSALEM (AP) — Intel Corp. says it is preparing a new investment in the company's main Israeli manufacturing site.
The U.S. chip maker said in a statement Tuesday it will submit a "business plan" to the Israeli government for its site in the southern town of Kiryat Gat. The move follows an earlier announcement that it is planning expansions in Oregon, Ireland and Israel.
BRUSSELS (AP) — The European Union's top court on Wednesday sent back a case on a billion euro fine against chip maker Intel Corp. for further legal examination.
Wednesday's ruling had been eagerly awaited for its implications on the powers of the antitrust office of the EU. Now the case could be in limbo for months, if not years.
SANTA CLARA, Calif. (AP) — Intel Corp. more than doubled its second-quarter profit as sales of its personal computer chips strengthened and the company made further inroads in promising new areas of technology.
The world's largest chipmaker also brightened its outlook for the remainder of the year.
The report released Thursday drew a lukewarm reaction from investors as Intel's stock edged up 13 cents to $35.10 in extended trading.
DETROIT (AP) — Auto parts and electronics maker Delphi Corp. has signed a deal with Intel to buy high-powered computer processors for Delphi's future autonomous-vehicle systems.
Delphi says Intel's added computing capacity will be needed as autonomous-car systems gather and store more and more information while expanding their ability to deal with situations on real roads.
NEW YORK (AP) — Intel said Friday that it sees signs of improving demand for personal computers, and the chipmaker now expects to make more revenue in the current quarter than it previously expected.
The Santa Clara, California, company has been hurt by slowing sales of personal computers that use its chips. In April, the company said it would cut 12,000 jobs as it reorganizes its business. Intel has been trying to grow other segments, such as its data center management unit.
DETROIT (AP) — Ford Motor Co. intends to have a fully driverless vehicle — no steering wheel, no pedals — on the road within five years. The car will initially be used for commercial ride-hailing or ride-sharing services, with sales to consumers coming later.
"This is a transformational moment in our industry and it is a transformational moment for our company," said CEO Mark Fields, as he announced the plan Tuesday at Ford's Silicon Valley campus in Palo Alto, California.