Intel Wins Trial Over Chips, Dodging $1 Billion-Plus Blow
Apr 22 2021, 3:35 PM
April 22 2021, 3:20 AM
April 22 2021, 3:35 PM
(Bloomberg) Intel Corp. ducked getting hit with another multibillion-dollar damage award after a federal jury in Texas cleared it of claims it was infringing patents formerly owned by NXP Semiconductors NV on ways to speed up computers.
(Bloomberg) Intel Corp. ducked getting hit with another multibillion-dollar damage award after a federal jury in Texas cleared it of claims it was infringing patents formerly owned by NXP Semiconductors NV on ways to speed up computers.
Intel doesnât infringe two patents owned by closely held VLSI Technology LLC, according to the federal jury in Waco, Texas. The trial was held in the same courthouse where a different jury told Intel to pay VLSI $2.18 billion over other patents last month.
Intel CEO Presses Turnaround Effort With $20 Billion Investment Plan
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Intel Told to Pay $2 18 Billion After Losing Patent Trial
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Ian King, Bloomberg News
(Bloomberg) Intel Corp.âs incoming Chief Executive Officer Pat Gelsinger is luring back talent to worldâs largest chipmaker before he even officially returns.Sunil Shenoy will rejoin Intel as senior vice president of the Design Engineering group effective Feb. 1, the Santa Clara, California-based company said in a statement Wednesday. When he left in 2014, Shenoy was head of Intelâs platform engineering group, a narrower role to the one heâs assuming now.
Glenn Hinton, a former Intel Senior Fellow who led the development of a key chip design, also returned to the company recently in a senior engineering role. Shenoy and Hinton will report to outgoing CEO Bob Swan until the middle of February, and then to Gelsinger who officially rejoins Intel on Feb. 15.Gelsinger, who previously spent 30 years at Intel, said heâs bringing back the style of management he learned from the founders, notably Andy Grove. Before Swan, Intel had always b
Intel Tumbles After New CEO Recommits to Chip Manufacturing
Bloomberg 1/22/2021 Ian King
(Bloomberg) Intel Corp. shares tumbled after the incoming chief executive officer pledged to regain the company’s lead in chip manufacturing, countering growing calls from some investors to shed that part of its business.
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“I am confident that the majority of our 2023 products will be manufactured internally,” Pat Gelsinger said on a conference call to discuss financial results. “At the same time, given the breadth of our portfolio, it’s likely that we will expand our use of external foundries for certain technologies and products.”