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Intel Appoints Seok-Hee Lee as EVP of Intel Foundry to Lead Advanced Packaging; Navid Shahriari to Retire
Intel Corporation announced the appointment of Seok-Hee Lee as executive vice president of Intel Foundry, reporting to CEO Lip-Bu Tan. In this role, Lee will lead advanced packaging, system integration, back-end technology development, and back-end manufacturing, as Intel establishes advanced packaging as a focused business within Intel Foundry. Naga Chandrasekaran will continue as EVP of Intel Foundry, leading front-end technology development, front-end manufacturing, design enablement, and customer-facing func...
Intel announced new AI innovations at Computex 2026, including rackscale AI infrastructure for inference and agentic workloads built on Intel Xeon processors and SambaNova SN-50 Reconfigurable Dataflow Units, with Foxconn providing system integration. Vector Core Compute, a new enterprise inference cloud formed by Vista Equity Partners and Cambium Capital, unveiled fully disaggregated inference running on Intel Xeon processors, SambaNova RDUs, and NVIDIA Blackwell GPUs, with Together.ai as its first commercial c...
Intel Announces AI Infrastructure and Xeon 6+ Processor Availability at Computex 2026
Intel announced new rackscale AI infrastructure combining Intel Xeon processors with SambaNova SN-50 Reconfigurable Dataflow Units, targeting cost-effective and power-efficient AI inference for data center, hyperscale, and intelligence center deployments. The company also announced Intel Xeon 6+ processors built on Intel 18A are now available, designed for high-density, scale-out workloads including agentic AI. Strategic partnerships were unveiled with Foxconn, Siemens, Hitachi, Echo Neurotechnologies, and Green...
130+ Customers Choose Intel Series 3 Processors for Edge Devices
Intel announced major momentum for Intel Robotics and AI at the edge, powered by the Intel Series 3 processor family, enabling more than 130 edge AI and edge computing design engagements. At Computex, Intel showcased its edge AI and robotics ecosystem with Series 3 designs and debuted OpenVINO Physical AI framework to simplify robot deployment and scale. Sensory AI selected Intel Core Ultra Series 3 for Ella, a multi-agent Physical AI store, replacing a fragmented CPU plus discrete accelerator architecture with...
Intel Launches Xeon 6+ Processors, Ethernet E835 Portfolio, and Provides Crescent Island GPU Update
Intel announced data center product advancements including Intel Xeon 6+ processors built on Intel 18A, featuring up to 288 Efficient-cores with up to 2.5 times more performance versus the previous generation. The company also launched the Intel Ethernet E835 controller and network adapter portfolio scaling up to 200GbE, with claimed performance-per-watt up to 1.9 times higher than NVIDIA ConnectX-6 DX. Additionally, Intel disclosed technical details for its next-generation data center GPU code-named Crescent Is...
Intel Named Official Compute Partner of McLaren Racing
Intel Corporation and McLaren Racing announced a multi-year strategic partnership naming Intel the Official Compute Partner for the McLaren Mastercard Formula 1 Team, Arrow McLaren IndyCar Team, and McLaren F1 Sim Racing Team. Under the agreement, Intel Xeon and Intel Core Ultra processors will support McLaren's performance-critical workloads including computational fluid dynamics, aerodynamic analysis, vehicle-dynamics simulation, and real-time race strategy analytics. Intel branding will appear on McLaren F1 a...
Intel CEO Lip-Bu Tan to Keynote at Computex 2026 on AI-Driven Computing
Intel will present at Computex 2026 with CEO Lip-Bu Tan delivering a keynote on June 2 from 1:30 pm to 2:30 pm Taiwan Local Time at the Taipei Nangang Exhibition Center. The event will showcase Intel's AI compute ecosystem progress across client computing, data center, edge, and cloud, highlighting silicon innovation and the role of x86 architecture in AI workloads. A livestream will be available on Intel's Computex Events Page and YouTube Channel, with a replay posted on the Intel Newsroom after the event.
Intel Schedules CEO and CFO Fireside Chats at Upcoming Investor Conferences
Intel executives will participate in two investor conferences in May and June 2026. CEO Lip-Bu Tan will speak at the J.P. Morgan Global Technology, Media and Communications Conference on May 19 at 9:55 a.m. PDT. CFO David Zinsner will participate in a fireside chat at the BofA Global Technology Conference on June 2 at 3:20 p.m. PDT. Live webcasts will be accessible on Intel's Investor Relations website.
Intel Issues $6.5 Billion in Senior Notes Across Five Tranches
Intel Corporation completed a $6.5 billion senior notes offering on April 30, 2026, consisting of five tranches with maturities ranging from 2031 to 2066. The notes carry coupons ranging from 4.650% to 6.200%. Net proceeds after underwriting discounts total approximately $6.47 billion. The offering was underwritten by Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., BofA Securities, Inc., and Deutsche Bank Securities Inc.
ChatPPT Collaborates with Intel to Launch Hybrid AI PC Edition
ChatPPT collaborated with Intel to launch an AI PC Edition of its presentation generation app featuring hybrid AI functionality powered by Intel's AI Super Builder V2.8 technology. The joint engineering effort resolved challenges around deploying complex workflows on local PCs and running multiple AI models without overwhelming systems. ChatPPT's Intel AI PC Edition, launched in December, reduced cloud compute token costs by over 50% while boosting usage duration by over 32% compared to the standard cloud versio...
Intel Q1 2026 10-Q: Revenue Beat Guidance by $1.4 Billion Above Midpoint; GAAP Net Loss $(4.3) Billion
Intel beat revenue guidance by $1.4 billion above midpoint, reporting Q1 2026 revenue of $13.6 billion versus prior guidance midpoint of $12.2 billion. GAAP net loss was $(4.3) billion, significantly wider than the prior guidance GAAP EPS midpoint of $(0.21), primarily driven by $4.1 billion in restructuring and other charges. The company reported Q1 2026 GAAP operating loss of $(3.1) billion compared to $(301) million in Q1 2025. Cash flow from operations was $1.1 billion for the quarter.
Intel Chief Accounting Officer Resigns; CFO Assumes Additional Role
On April 24, 2026, Scott Gawel, Corporate Vice President and Chief Accounting Officer of Intel Corporation, resigned from the position of principal accounting officer, effective immediately, to pursue another career opportunity. David A. Zinsner, Executive Vice President and Chief Financial Officer, assumed the role of principal accounting officer in addition to his existing role as principal financial officer. This leadership change is disclosed under Item 5.02 of Form 8-K and does not contain any financial res...
INTC Q1 2021 Call: Gelsinger's 'Intel is Back' Offensive Meets Data Center Margin Reality
Intel's first earnings call under CEO Pat Gelsinger was defined by a sharp contrast between high-energy strategic optimism and the sobering reality of a 20% revenue decline in the Data Center Group (DCG). While the company raised full-year revenue guidance by $500M and reported record notebook volumes, management spent significant time defending DCG margins and ASPs against 'cloud digestion' and competitive pressures. The call provided critical color on the IDM 2.0 rollout, including the revelation that Intel is...
INTC beat prior Q1 2026 Revenue guidance by +$1.4 billion. FY 2026 Non-GAAP Operating Expenses was raised by +$500.0M to $16.5 billion. Non-GAAP EPS of $0.29 beat the prior guidance of $0.00, while GAAP EPS of $(0.73) missed the prior guidance of $(0.21).
Intel Launches Intel Core Series 3 Mobile Processors for Value and Edge Devices
Intel unveiled Intel Core Series 3 mobile processors on April 16, 2026, bringing AI-ready capabilities, advanced connectivity, and extended battery life to value buyers, commercial devices, and essential edge deployments. The processors are built on Intel 18A process node technology, manufactured in the United States, and represent Intel's first hybrid AI-ready Core Series processor supporting up to 40 platform TOPS. Over 70 designs from OEM partners including Acer, Asus, HP, Lenovo, and others will launch throu...
Intel Collaborates with Dell Technologies and Nokia on Far Edge UPF Deployment
Intel, Dell Technologies and Nokia announced a collaboration to preview a new edge-based User Plane Function device at Mobile World Congress 2026 in Barcelona. The solution features Nokia Edge Appliances powered by Intel Xeon 6 (Granite Rapids-D) processors, delivering a 30% performance boost to 5G core UPF and 43% run-time CPU power savings compared to the previous generation. The device will be available at the beginning of Q3 2026, providing telcos with flexible capacity, reduced latency, and energy-efficient...
Intel and Google Expand Multiyear AI Infrastructure Collaboration
Intel Corporation and Google announced a multiyear collaboration to advance AI and cloud infrastructure, with Intel Xeon processors continuing to power Google Cloud across AI, inference, and general-purpose workloads. The companies are expanding co-development of custom ASIC-based infrastructure processing units (IPUs) to improve efficiency, utilization, and performance at scale. Google Cloud is deploying Intel Xeon 6 processors in C4 and N4 instances.
Intel, Google Deepen Collaboration to Advance AI Infrastructure
Intel Corporation and Google announced a multiyear collaboration to advance next-generation AI and cloud infrastructure, reinforcing the critical role of CPUs and custom infrastructure processing units (IPUs) in scaling modern, heterogeneous AI systems. Intel Xeon processors will continue powering Google Cloud infrastructure across AI, inference and general-purpose workloads. The companies are expanding co-development of custom ASIC-based IPUs to improve efficiency, utilization and performance at hyperscale AI e...
Intel repurchases 49% stake in Fab 34 joint venture from Apollo for $14.2 billion
Intel Corporation acquired the remaining 49% equity interest in its Fab 34 Ireland joint venture from Apollo-managed funds for $14.2 billion. The company financed the transaction using existing cash and a $6.5 billion bridge loan, which it plans to refinance. Following the repurchase, Intel now holds 100% ownership of the joint venture that was originally established in June 2024.
Intel and SambaNova Announce Agentic AI Architecture with Xeon 6
Intel and SambaNova announced a new heterogeneous AI inference architecture combining GPUs for prefill, SambaNova RDUs for high-throughput decode, and Intel Xeon 6 processors as host and action CPUs. The solution addresses performance, efficiency, and software compatibility challenges for enterprises and cloud providers as agentic AI moves from experimentation to production. The jointly engineered solution is expected to be available to enterprises, cloud platforms, and sovereign AI deployments in the second hal...