13 AI News That Broke the Internet

Page 4 of 12

9. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 68

Intel Corporation (NASDAQ:INTC) designs and manufactures a range of products focused on AI, including processors, accelerators, and memory solutions. The company provides advanced technologies for AI workloads, supporting areas like data processing, security, and networking, while also delivering platforms for AI-driven automation and edge computing.

Reuters reported that Intel (NASDAQ:INTC) co-CEOs, Michelle Johnston Holthaus and David Zinsner, acknowledged that the company may have to sell its manufacturing operations if its upcoming 18A chipmaking technology, set for release next year, fails. This technology is crucial for Intel to bring a key PC chip back in-house after outsourcing production to Taiwan Semiconductor Manufacturing. While the company is already operationally separating its manufacturing division into Intel Foundry, with its own board and processes, the possibility of a complete separation remains undecided. Intel’s struggles have led to a significant loss in value, and the company is seeking to regain its footing in the competitive chip market.

Page 4 of 12