Latest news with #IntelCorporation
Yahoo
12-07-2025
- Business
- Yahoo
Intel now expected to lay off over 2,000 Oregon employees
PORTLAND, Ore. (KOIN) — The Intel layoffs are expected to be much greater than initially expected. 'Things aren't good': Prominent Portland businessman says Intel layoffs will impact all of Oregon According to a WARN notice released on Friday, the semiconductor manufacturing corporation is going to lay off 2,392 employees at these four Intel locations in the Portland area on Tuesday, July 15. 3585 SW 198th Ave., Aloha, OR 97078 2501 NE Century Blvd, Hillsboro, OR 97124 5200 NE Elam Young Pkwy., Hillsboro, OR 97124 2111 NE 25th Ave., Hillsboro, OR 97124 The workers are not represented by a union. Originally, On Monday, the the decision is part of the new CEO's vision for the future that was outlined in April 2025. 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution. We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' A full list of impacted positions is available Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Wire
11-07-2025
- Business
- Business Wire
RealSense Completes Spinout from Intel, Raises $50 Million to Accelerate AI-Powered Vision for Robotics and Biometrics
SAN FRANCISCO--(BUSINESS WIRE)--RealSense, a pioneer in AI-powered computer vision, today announced its successful spinout from Intel Corporation and the close of a $50 million Series A funding round. With investment led by a renowned semiconductor private equity firm and participation from strategic investors, including Intel Capital and MediaTek Innovation Fund, RealSense now operates as an independent company focused on advancing innovation in AI, robotics, biometrics and computer vision. 'We're excited to build on our leadership position in 3D perception in robotics and see scalable growth potential in the rise of physical AI,' said Nadav Orbach, CEO of RealSense. The new capital will fuel RealSense's expansion into adjacent and emerging markets and scale its manufacturing, sales and go-to-market (GTM) global presence to meet increased demand for humanoid and autonomous mobile robotics (AMRs), as well as AI-powered access control and security solutions. 'We're excited to build on our leadership position in 3D perception in robotics and see scalable growth potential in the rise of physical AI,' said Nadav Orbach, CEO of RealSense. "Our independence allows us to move faster and innovate more boldly to adapt to rapidly changing market dynamics as we lead the charge in AI innovation and the coming robotics renaissance.' RealSense brings to market proven industry traction across robotics, industrial automation, security, healthcare and 'tech for good' initiatives — including partnerships with companies like ANYbotics, Eyesynth, Fit:Match and Unitree Robotics. RealSense will continue to support its existing customer base and product roadmap, including the acclaimed RealSense depth cameras, embedded in 60% of the world's AMRs and humanoid robots, an incredibly fast-growing segment. Its recently launched D555 depth camera, powered by the next-gen RealSense Vision SoC V5 and featuring Power over Ethernet (PoE), demonstrates the company's ongoing leadership in embedded vision technology and edge AI capabilities. 'Our mission is to enable the world to integrate robotics and AI in everyday life safely,' said Orbach. 'This technology is not about replacing human creativity or decision-making — but about removing danger and drudgery from human work. Our systems are built to amplify human potential by offloading these types of tasks to machines equipped with intelligent, secure and reliable vision systems.' RealSense has developed robust, global manufacturing technology capabilities to ensure consistent quality and product performance, working with a broad network of vision system distributors and value-added resellers. The company has over 3,000 customers worldwide, with over 80 global patents. Seasoned leadership for a critical market moment RealSense's founding team brings together veteran technologists and business leaders with deep expertise in computer vision, AI, robotics and market development. The team includes: Nadav Orbach – Chief Executive Officer Mark Yahiro – Vice President, Business Development Mike Nielsen – Vice President, Marketing Fred Angelopoulos – Vice President, Sales Guy Halperin – Vice President, Head of R&D Eyal Rond – Vice President, AI and Computer Vision Joel Hagberg – Vice President, Product Ilan Ofek – Vice President, New Product Introduction and Manufacturing Chris Matthieu – Chief Developer Evangelist The spinout comes at a moment of rapid global growth in robotics and biometrics. The robotics market is projected to quadruple — from $50 billion today to over $200 billion within six years — while demand for humanoid robots is expected to grow at a CAGR above 40%. At the same time, facial biometrics are becoming increasingly accepted in everyday applications, from airport screening to event entry. To meet global demand, RealSense plans to expand its GTM team and hire additional AI, software and robotics engineers to accelerate product development. About RealSense Incubated at Intel Corporation, RealSense delivers industry-leading depth cameras and vision technology used in autonomous mobile robots, access control, industrial automation, healthcare and more. With a mission to deliver world class perception systems for physical AI and safely integrate robotics and AI into everyday life, RealSense provides intelligent, secure and reliable vision systems that help machines navigate and interact with the human world. The company is headquartered in Santa Clara, California, with operations worldwide. Learn more at:
Time of India
10-07-2025
- Business
- Time of India
Intel cuts over 500 jobs in Oregon as part of layoff plan
HighlightsIntel Corporation is laying off over 500 employees in Oregon, primarily affecting facilities in Aloha and Hillsboro, as part of a broader plan to reduce approximately 20% of its workforce. The layoffs, which are set to begin on July 15, 2023, follow job cuts at Intel's headquarters in Santa Clara, California, where 107 positions were eliminated. Under the leadership of Chief Executive Officer Lip-Bu Tan, Intel Corporation aims to become a more efficient organization by removing complexity and empowering engineers to better meet customer needs. Intel Corp. is cutting more than 500 positions in Oregon as part of a layoff plan that's ultimately expected to affect roughly 20% of the chipmaker's staff. The Oregon job reduction will hit facilities in Aloha and Hillsboro starting on July 15, Intel said in a regulatory filing. The layoffs are expected to eliminate about 529 employees on a permanent basis. The latest disclosure follows an announcement in California, where 107 employees were let go at Intel's Santa Clara headquarters. Under new Chief Executive Officer Lip-Bu Tan, Intel embarked on a plan in April to slash jobs and reduce operating expenses. The company hasn't given a total figure for the cuts, but a person familiar with the matter has put the amount at more than a fifth of staff. The Oregon announcement helped lift the stock as much as 6.9% in New York trading. Intel shares had climbed nearly 10% in 2025 before Tuesday's move, compared with an 11% gain for the Philadelphia Stock Exchange Semiconductor Index. Tan is trying to turn around the Silicon Valley pioneer after years of decline. The company lost its technological advantage to other manufacturers, and has missed out on the boom in artificial intelligence computing — a surge that greatly benefited Nvidia Corp. In a statement, Intel said it was making the Oregon cuts to become 'a leaner, faster, and more efficient company.' 'Removing organizational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution,' the company said. 'We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work.' Hillsboro, a suburb of Portland, is home to some of Intel's biggest factories and research centers. The struggling chipmaker is the city's largest employer.
Yahoo
08-07-2025
- Business
- Yahoo
Mobileye Announces Secondary Offering of Shares of Class A Common Stock, Concurrent Repurchase and Conversion
JERUSALEM, July 08, 2025--(BUSINESS WIRE)--Mobileye Global Inc. (Nasdaq: MBLY) ("Mobileye") today announced the commencement of an underwritten secondary public offering of 45 million shares of Mobileye's Class A common stock by Intel Overseas Funding Corporation, a wholly owned subsidiary of Intel Corporation (the "Selling Stockholder"). The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 6.75 million shares of Mobileye's Class A common stock. In addition, Mobileye has agreed to purchase from the Selling Stockholder $100 million of Mobileye's Class A common stock at a price per share equal to the per share purchase price to be paid by the underwriters in the offering. The concurrent repurchase was approved by the disinterested directors of Mobileye not affiliated with the Selling Stockholder. The concurrent repurchase is expected to be consummated concurrently with the offering. The offering is not conditioned upon the closing of the concurrent repurchase, but the concurrent repurchase is conditioned upon the closing of the offering. In addition, the Selling Stockholder has informed Mobileye of its plan to voluntarily convert an additional 50 million shares of Mobileye's outstanding Class B common stock that it holds into 50 million shares of Class A common stock, contingent on the closing of the offering. The Selling Stockholder has further informed Mobileye that it intends to hold such shares of Class A common stock at this time and that the conversion of such shares is being effected solely to increase the number of shares of Class A common stock issued and outstanding. The offering is not conditioned upon the closing of the conversion, but the conversion is conditioned upon the closing of the offering. Mobileye is not selling any shares of Class A common stock in the offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholder. Goldman Sachs & Co. LLC and BofA Securities, Inc. are acting as joint lead book-running managers for the proposed offering. Mobileye has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website. Before you invest, you should read the preliminary prospectus supplement and accompanying prospectus and other documents Mobileye has filed with the SEC for more complete information about Mobileye and this offering. You may get these documents for free by visiting EDGAR on the SEC website at Alternatively, Mobileye, any underwriter or any dealer participating in the offering will arrange to send you the preliminary prospectus supplement and accompanying prospectus relating to the offering if you request it by contacting Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526 or by emailing prospectus-ny@ or BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department, Email: telephone: 1-800-294-1322. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Mobileye Global Inc. Mobileye (Nasdaq: MBLY) leads the mobility revolution with our autonomous driving and driver-assistance technologies, harnessing world-renowned expertise in artificial intelligence, computer vision, mapping and integrated software and hardware. Since our founding in 1999, Mobileye has enabled the wide adoption of advanced driver-assistance systems that bolster driving safety, while pioneering such groundbreaking technologies as REM™ crowdsourced mapping, True Redundancy™ sensing, and Responsibility Sensitive Safety™ (RSS). These technologies drive the ADAS and AV fields towards the future of mobility – enabling self-driving vehicles and mobility solutions at scale, and powering industry-leading advanced driver-assistance systems. Through 2024, more than 200 million vehicles worldwide have been built with Mobileye's EyeQ technology inside. Since 2022, Mobileye has been listed independently from Intel (Nasdaq: INTC), which retains majority ownership. "Mobileye," the Mobileye logo and Mobileye product names are registered trademarks of Mobileye Global. All other marks are the property of their respective owners. Forward-Looking Statements This press release contains forward-looking statements. Statements in this release, including statements with respect to the offering and concurrent repurchase, that are not statements of historical fact are forward-looking statements and should be evaluated as such. These statements often include words such as "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast," or the negative of these terms, and other similar expressions, although not all forward-looking statements contain these words. We base these forward-looking statements or projections on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances and at such time. You should understand that these statements are not guarantees of performance or results. The forward-looking statements are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those expressed in the forward-looking statements. Detailed information regarding these and other factors that could affect Mobileye's business and results is included in Mobileye's SEC filings, including the company's Annual Report on Form 10-K for fiscal year 2024, particularly in the section entitled "Item 1A. Risk Factors," and in the preliminary prospectus and in any subsequent filings with the SEC relating to the offering. View source version on Contacts Dan Galves Investor Relationsinvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
2 Beaten-Down Stocks That Could Come Roaring Back
Unity is refocusing on subscriptions and improving its advertising platform after a major company reset. Intel is leaving no stone unturned as it searches for a viable strategy after years of struggle. Both stocks could soar on any positive developments. These 10 stocks could mint the next wave of millionaires › The stock market has rebounded over the past few months, but some struggling stocks have been left behind. Unity (NYSE: U) and Intel (NASDAQ: INTC) are facing serious challenges, and it will take time for their turnarounds to gain traction. In both cases, new CEOs are making big changes with the potential to get the companies back on track. While Unity and Intel are risky stocks, they could soar on any positive progress. Video game engine developer Unity went through a major restructuring last year. A company reset led to significant layoffs and the exit from multiple non-core businesses. A new CEO stepped in last May with extensive experience in the mobile games business. While progress has been slow, the early results are promising. While Unity's overall revenue still declined in the first quarter of 2025, the situation looks better under the surface. Subscription revenue increased, the result of price increases and the company fully scrapping a proposed fee that set off a developer revolt in 2023. Unity 6, the latest version of the company's game engine, brings important performance improvements and new features that are resonating with customers. In the advertising business, the launch of the new artificial intelligence (AI)-powered Vector ad platform sets the stage for recovery. The Grow Solutions segment, which houses Unity's advertising business, still saw revenue decline by 4% in Q1. However, Unity Vector is starting to offset declines in other products. Unity is one of two major commercial game engines that dominate the market, along with Epic Games' Unreal Engine. This dominant position is Unity's most valuable asset, and the game engine is used heavily across the gaming industry. The challenge now is to turn that dominance into a growing, profitable business. Shares of Unity are down 88% from their all-time high. While the turnaround is just getting started, visible progress over the next few quarters could light a fire under the stock and deliver major gains to patient investors. Semiconductor giant Intel is going through some major changes. Following a turnaround effort led by former CEO Pat Gelsinger that ultimately led to his ouster, the company has brought on industry veteran Lip-Bu Tan to fix its problems. The first order of business is a streamlining of operations that will involve substantial layoffs. Rumors suggest that even workers in the foundry, one of Intel's key growth initiatives, won't be immune. Intel is also planning to outsource marketing to a consulting company, which will use AI to slash marketing costs. Beyond cost cutting, Intel will likely pare down its product portfolio and focus on its best opportunities. A new strategy for its AI chip business could be coming following the scrapping of its previously planned Falcon Shores GPU. The company has already sold off a majority stake in Altera, and more exits could be coming. In the foundry business, Tan may be about to take a dramatic step. According to Reuters, Tan is considering giving up on marketing the Intel 18A manufacturing process to external customers, instead shifting focus to the upcoming Intel 14A process. While Intel 18A represents a huge leap over Intel's previous manufacturing technology, it only closes the gap with TSMC, and the company has struggled to win over big customers. Long story short, Intel's comeback is going to be a drawn-out affair. However, the stock is priced so pessimistically today that any meaningful progress could send shares soaring. Intel is currently valued right around book value, or assets minus liabilities, a historically low valuation for the storied semiconductor company. If Tan can tell a good story and convince investors that a turnaround is viable, a major recovery for the stock could be in the cards. Intel investors will need to be patient as the company attempts to fix its past mistakes and return to profitable growth. It's not a sure thing, but the risk-reward trade-off looks appealing. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $397,573!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,453!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $697,627!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of June 30, 2025 Timothy Green has positions in Intel. The Motley Fool has positions in and recommends Intel, Taiwan Semiconductor Manufacturing, and Unity Software. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. 2 Beaten-Down Stocks That Could Come Roaring Back was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
