The world's two largest creators of computer chips are cooking something up together.
On Monday morning, there will be a chip industry summit of sorts: Intel, the world's largest chipmaker, and Taiwan Semiconductor Manufacturing Company, the world's largest chip foundry, will make a strategic announcement at Intel headquarters in Santa Clara. According to Intel (INTC) PR, the execs on hand will be Intel mobility chief Anand Chandrashekar and sales MOREJon Fortt - Feb 27, 2009 3:51 PM ET
Preston Feight, chief engineer, uses cloud computing to redesign Kenworth trucks without making huge investments in technology.
Most people don't spend much time thinking about mudflaps - those strips of rubber behind a big rig's wheels that repel grime and maybe show a gun-toting Yosemite Sam, warning "Back off!" But by using sophisticated design technology, engineers at truckmaker Kenworth discovered that the little flaps were also a major source of drag. MOREJon Fortt - Feb 23, 2009 3:17 PM ET
Under Otellini, Intel has beaten back competitors and gotten more efficient. Photo: Intel
If you're the CEO of Intel, you don't typically worry about whether the business will make money. In the average day last year, the Silicon Valley giant sold $103 million worth of chips and generated $30 million in cash. Nice work if you can get it, right?
Suddenly, it's not so nice.
Don't look now, but the global economic meltdown MOREJon Fortt - Jan 23, 2009 10:00 AM ET
AMD's chips are often found in low-cost PCs, which means executives can't get a true sense of fourth-quarter sales until after Black Friday. Image: AMD
Based on Intel's dramatic sales warning Wednesday, you might expect rival Advanced Micro Devices to just crawl into a hole and die. If the economic mess is tripping up the most powerful chip company on the planet, how could its underdog challenger stand a chance?
Indeed, investors MOREJon Fortt - Nov 14, 2008 8:12 AM ET
In a surprise announcement, Intel (INTC) said Wednesday that its gloomy fourth quarter forecast wasn't nearly gloomy enough. Instead of pulling in between $10.1 billion and $10.9 billion in sales, the chip giant expects closer to a dreadful $9 billion. The stock tumbled more than 7 percent after hours.
It's hard to articulate just how bad this news is.Jon Fortt - Nov 12, 2008 6:54 PM ET
Intel sales and marketing chief Sean Maloney says he's confident in Intel's strategy, despite the downturn. Photo: Intel
SANTA CLARA, Calif. - Intel stock has fallen by half since its December high, so you'd expect the mood in the executive suite to be less than buoyant these days. But during a chat this week at the chip giant's headquarters, Intel sales and marketing chief Sean Maloney seemed unmistakably upbeat.
"We've been through MOREJon Fortt - Nov 7, 2008 11:10 AM ET
By Scott Moritz
Dell (DELL) is trying unpaid vacations (for starters).
The No.2 PC maker, already grappling with a massive turnaround strategy, is taking a closer look at expenses and has informed employees of a company-wide cost cutting plan that includes voluntary five-day unpaid leaves for everyone.
According to an internal memo confirmed by a company representative, Dell has frozen its hiring and is considering a range of cost-reduction plans.
In addition to the unpaid MOREsmoritz - Nov 4, 2008 5:52 PM ET
Despite the downturn, AMD is hopeful that it can sell its higher-performance server chips; and the early reviews are positive. Image: AMD
Sun Microsystems sells a lot of servers to the financial services industry, which has been hard-hit by the credit crunch. So when Sun CEO Jonathan Schwartz recently asked a banking executive how he was doing, he probably wasn't surprised at the response: "I'm curled up in the fetal position."
Investors MOREJon Fortt - Oct 28, 2008 10:14 AM ET
Nvidia inside: Apple's latest MacBook laptops have an Nvidia graphics processor next to their Intel chips, which puts the spotlight on graphics chips as an important part of today's basic computer system. Image: Apple
Take Our Poll
With all the presidential campaign talk about American exceptionalism, it might be easy to forget that we do a pretty unexceptional job at some things -- like shopping for computers.
No question, we Americans buy a MOREJon Fortt - Oct 21, 2008 8:09 AM ET
It's going to be a frightful holiday season for PC sales, no matter what.
That was the hidden message Intel (INTC) executives delivered in an earnings conference call with analysts Tuesday afternoon after reporting better-than-expected quarterly profits but disappointing sales. They also said Intel is better off than competitors because of its streamlined workforce, world-class manufacturing operation, popular new Atom chip and rebounding profit margins. But tucked into that happier talk MOREJon Fortt - Oct 14, 2008 9:45 PM ET
|Ousted Yahoo exec gets $58 million golden parachute|
|Canadians arrest a Heartbleed hacker|
|Google stock sinks after missing Street|
|US Airways won't fire worker who sent lewd tweet|
|5 people you might not tip (but should)|