Here’s this week’s run-down of Intel Corp. (NASDAQ:INTC) news briefings. Intel Corp. (NASDAQ:INTC) shares ended the week at 21.86 (as of 2/25/2011).
Weekly News Roundup: Intel Corp (NASDAQ:INTC)
Monday 21 February
Intel (NASDAQ:INTC) has plans to construct a microchip factory in Arizona, providing a huge number of jobs to the area.
Microchip maker Intel (NASDAQ:INTC) has announced that it has decided to build a $5 billion state-of-the-art microprocessor factory in Arizona by 2013, greatly increasing it US manufacturing capacity as part of a major global expansion.
Brian Krzanich, the senior vice president and general manager of manufacturing and supply chain at Intel (NASDAQ:INTC) said that, “The investment positions our manufacturing network for future growth.”
He went on to add, “This fab will begin operations on a process that will allow us to create transistors with a minimum feature size of 14 nanometers. The unmatched scope and scale of our investments in manufacturing help Intel maintain industry leadership and drives innovation.”
Tuesday 22 February
Intel (NASDAQ:INTC) is aiming to reshape chips for next-generation mobile devices.
Intel (NASDAQ:INTC) will soon come up with chips with improved functionality and security in upcoming mobile devices like smartphones and tablets.
Specialized graphics accelerator hardware layers will be found in the new secure mobile devices. Intel (NASDAQ:INTC) has also planned to implement functionalities like monitoring temperature, quality of air, speed and distance traveled and location using sensors and accelerators.
Dadi Perlmutter, the vice president of the Intel (NASDAQ:INTC) Architecture Group said that, “The integrated sensors and accelerators on mobile devices will feed real-time data that could help users make decisions and organize schedules. [Users] would like to have a lot of information about context. A context could be measuring the speed or measuring the temperature.”
Wednesday 23 February
Intel (NASDAQ:INTC) Capital has led a $12 million funding round in game developer Digital Chocolate.
Game developer Digital Chocolate has announced a $12 million Series D funding round led by Intel (NASDAQ:INTC) Capital, with prior investors Sutter Hill Ventures and Bridgescale Partners participating in the round.
Mike Buckley, the managing director of the Consumer Internet Sector of Intel (NASDAQ:INTC) Capital said that, “We’ve chosen to invest in Digital Chocolate because of its success across the fastest growing digital platforms and consumer electronics device categories. As a leading social game developer, Digital Chocolate continues to drive new features and functionality across multiple computing platforms.”
Thursday 247 February
Intel (NASDAQ:INTC) is currently hunting for new partners for MeeGo.
Intel (NASDAQ:INTC) continues to seek hardware partners for the MeeGo Linux-based operating systems, even though it has been downgraded in Nokia’s affections following the Microsoft deal.
Paul Otellini, the chief executive officer of Intel (NASDAQ:INTC) said that, “We will find another partner. The carriers still want a third ecosystem and the carriers want an open ecosystem, and that’s the thing that drives our motivation. Some closed models will certainly survive, because you can optimize the experience, but in general, if you harness the ability of all the engineers in the world and the developers in the world, open wins.”
Friday 25 February
Intel (NASDAQ:INTC) has acquired Silicon Hive.
US-based chip manufacturer Intel (NASDAQ:INTC) has announced the acquisition of Silicon Hive, an Intel (NASDAQ:INTC) Capital portfolio company.
According to reports, this is aimed at bringing better still imaging and multimedia video processor technology, compilers and software tools to its growing Atom processor portfolio.
The amount that Intel (NASDAQ:INTC) has agreed to pay has not yet been disclosed.
Intel (NASDAQ:INTC) said that, “The Silicon Hive capabilities will aid in the delivery of more differentiated Atom-processor based SoCs as multimedia and imaging grow in importance across the mobile smart device segments.”
We’ll be keeping a close eye on the Intel Corp. stock price for changes over the next few weeks.