WEATHER ALERT
Chipmaker Intel Corp. blames internal error on data leak
Read full article: Chipmaker Intel Corp. blames internal error on data leakFILE - In this Oct. 1, 2019, file photo the symbol for Intel appears on a screen at the Nasdaq MarketSite, in New York. (AP Photo/Richard Drew, File)BOSTON – The computer chipmaker Intel Corp. on Friday blamed an internal error for a data leak that prompted it to release a quarterly earnings report early. The company’s quarterly results were originally scheduled to be published hours later after the close of trading on Wall Street Thursday. It quoted an unnamed company spokesperson as saying Intel was notified that the graphic was circulating outside the company. Intel’s network was not compromised and we have adjusted our process to prevent this in the future.”The company's stock price closed down more than 9% Friday.
Intel replaces its chief executive after a rocky stretch
Read full article: Intel replaces its chief executive after a rocky stretch(AP Photo/Richard Drew, File)Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger. Apple also dealt a blow to Intel last year when it began replacing Intel processors with Apple-designed chips on new Mac computers. He spent most of that time with Intel Corp., where he began his career and was its first chief technology officer. After a search, Intel confirmed Swan as CEO in early 2019.
Intel to sell NAND business to SKorean rival for $9 billion
Read full article: Intel to sell NAND business to SKorean rival for $9 billionAn employee leaves an office of SK Hynix Inc. in Seongnam, South Korea, Tuesday, Oct. 20, 2020. Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea's SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing. Intel said it will keep its “Optane” business of more advanced memory products, which analysts say are mostly produced in the United States. SK Hynix said the companies expect to get required governmental approvals for the deal by late 2021. The transaction, if completed, could reportedly make SK Hynix the world’s second-largest provider of NAND flash memory chips behind Samsung Electronics, another South Korean chip giant.