Intel to Trim 12,000 Employees and Refocus Chip Biz
Intel today announced a major shakeup for its business over the next 18 months. The company said it plans to focus on data centers and the Internet of Things moving forward, which are Intel's fastest growing revenue sources. The global PC market, long Intel's bread and butter, has seen shipments decline for seven subsequent quarters, according to Gartner. In order to make the company more efficient, Intel will cut about 12,000 jobs, or 11% of its workforce, by the middle of 2017. Intel said it will do this by closing sites, as well as pushing voluntary and involuntary departures across its workforce. Intel plans to notify as many affected employees as possible within the next 60 days. "These actions drive long-term change to further establish Intel as the leader for the smart, connected world," said Intel CEO Brian Krzanich in an email sent to employees. "I am confident that we’ll emerge as a more productive company with broader reach and sharper execution." Intel believes these actions will result in $750 million in savings this year and $1.4 billion in savings annually in 2017 and beyond. Intel has struggled to compete in the mobile device space, which is dominated by Qualcomm, MediaTek, and others.
MediaTek Brings the Smarts with Helio P60 SoC
Feb 27, 2018
MediaTek announced the Helio P60 system-on-a-chip, a processor that adopts artificial intelligence and other advanced features for mid-range devices. The P60 relies on a big.LITTLE architecture with four ARM A73 processors at 2 GH and four ARM A53 processors at 2 GHz.
Snapdragon 845 Boasts Advanced Imaging Tools and AI Smarts
Dec 6, 2017
Qualcomm today announced the Snapdragon 845 mobile platform, its flagship system-on-a-chip for 2018. Qualcomm expects the module to form the core of next year's top smartphones, which it will endow with multimedia smarts for both audio and video.
Yahoo to Consider 'Strategic Alternatives' for Internet Biz
Feb 2, 2016
Yahoo has announced plans to explore strategic options for its internet business, which has struggled to turn a profit in recent years. The company said it plans to improve consumer and advertiser product quality while also increasing the number of daily users.
Apple Plans Major Investment in U.S., Says 20,000 Jobs On Deck
Jan 17, 2018
Apple today outlined plans to contribute up to $350 billion to the U.S. economy across various avenues over the next five years.
Intel, Samsung Pile On Qualcomm By Supporting FTC Lawsuit
May 15, 2017
Intel and Samsung support the Federal Trade Commission's antitrust investigation against Qualcomm and have filed amicus briefs to air their own complaints. The FTC hit Qualcomm with legal action in January and suggested that the company's patent licensing practices may violate monopoly regulations.