Intel in talks to invest $10-billion in Israel: report (TheGlobeAndMail)
Intel Corporation (NASDAQ:INTC), the world’s No. 1 chip maker, is in talks with the Israeli government about a $10-billion (U.S.) investment in Israel, a senior government official told the Yedioth Ahronoth newspaper on Tuesday. “Intel is talking with us about a huge investment of $10-billion,” Nahum Itzkovich, the new director of the Economy Ministry’s Investment Centre, said in his first interview since assuming office. “We are engaged in intensive negotiations with Intel.” Under discussion is an investment of $3-billion to upgrade the existing Fab 28 factory in the southern town of Kiryat Gat, and another $7-billion in a new factory in the town over the course of 10 years, he said. The government has set up a negotiating team that includes Economy Minister Naftali Bennett.
Intel investigates cause of leak at Chandler plant (EastValleyTribune)
Intel Corporation (NASDAQ:INTC) officials say they have pinpointed the source of a gas leak at the company’s plant in Chandler, but they have yet to determine what caused it. Dozens of employees were evacuated from the plant Saturday morning when the leak was detected. Intel Corporation (NASDAQ:INTC) spokesman Jason Bagley said Monday the leak was traced to a fitting on the exhaust system of one of the plant’s high-tech tools. The leak didn’t interrupt the making of any computer chip wafers or microprocessors, but it resulted in 12 contract workers being sent to the hospital.
Intel CEO talks about ramping up mobile efforts, remains cautious on TVs (DigitalTrends)
In a recent interview with Reuters, Intel Corporation (NASDAQ:INTC)’s relatively new CEO, Brian Krzanich admitted that the company would begin to shift its focus away from desktop PC chips, for which the manufacturer is best-known. Instead, Krzanich says that it will step up its efforts on smartphone, tablet, and wearable electronics front, an area that it has admittedly not been diligent about keeping up with. This comes amid rumors that the Intel Corporation (NASDAQ:INTC) would be taking a turn into the television world which Krzanich admits is an area that the company is looking into, but cautiously. Krzanich said that, while the company is on top of its game as far as computer chip manufacturing is concerned, breaking into the television world would be a huge undertaking.
Krzanich cautious about Intel TV (BizJournals)
Intel Corporation (NASDAQ:INTC) may have developed a television streaming device that is cutting edge, but technology can only take you so far. That was the message delivered by Intel CEO Brian Krzanich about the company’s new television project. In a sit-down with reporters, Krzanich addressed the challenge his company faces in lining up content, saying Intel Corporation (NASDAQ:INTC) is still trying to work out a viable business model to put its streaming technology to work. As CNET reports, Krzanich and Intel President Renee James also talked about a more aggressive push into mobile and their desire for a larger foundry business.