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Intel Corporation (NASDAQ:INTC) is one of the
On May 5, Reuters reported that Intel Corporation (NASDAQ:INTC) has appointed Alex Katouzian to manage its PC and physical artificial intelligence branch, confirming the company’s statement that he will take over in May. Katouzian, more than a 20-year Qualcomm veteran, will be in charge of the company’s core PC division as well as systems that power robotics and autonomous machines. CEO Lip-Bu Tan stated in a statement that Katouzian provides “deep technical expertise” and would help “reimagine client computing beyond the traditional PC.” According to Reuters, the firm has nominated interim CTO Pushkar Ranade to the permanent position.
Separately, on April 24, Reuters reported that rising demand for artificial intelligence-powered computing pushed up Intel Corporation (NASDAQ:INTC)’s stock by more than 24% to $83, bringing its market value above $416 billion. CFO David Zinsner stated that the company sold previously shelved chips because of a shortage, adding, “That helped a lot.” Reuters reported that at least 23 brokerages raised price estimates, while HSBC cited a strong demand for Xeon CPUs in AI data centers.
Intel Corporation (NASDAQ:INTC) designs, manufactures, and sells computer goods and technologies. It provides computing, networking, data storage, and communication platforms. The company operates in four segments, including Client Computing Group, Data Center and AI, Intel Foundry Services, and All Other.
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