Intel | DD News

September 18, 2026 10:14 AM

India positioned to lead global semiconductor drive from the front: Intel

India has positioned itself not merely to participate in the semiconductor sector but also to lead the global expansion from the front, driven by a surge in agentic artificial intelligence and a strong domestic design base, a senior Intel executive said on Thursday. Speaking at the SEMICON India 2026, Srinivasan Iyengar, Senior Vice President and General Manager of the Central Engineering Group at Intel, said the country is advancing on a journey from "good to great", propelled by a vast talent...

March 31, 2026 4:30 PM

Four semiconductor plants to be ready in India this year, says Ashwini Vaishnaw

Union Electronics and Information Technology Minister Ashwini Vaishnaw on Tuesday said four semiconductor plants are expected to be ready in India by 2026, as he outlined an accelerated roadmap for the sector following the inauguration of a new facility in Gujarat. In comments after Prime Minister Narendra Modi inaugurated the Kaynes Semicon's OSAT plant in Sanand, Vaishnaw said: "In 2026, four plants will be ready, and two plants in 2027. India’s first fabrication unit will be ready in Dhole...

December 9, 2025 10:02 PM

PM Modi meets Lip-Bu Tan, hails Intel’s commitment to India’s semiconductor vision

Prime Minister Narendra Modi on Tuesday met Lip-Bu Tan and welcomed Intel’s commitment to support India’s semiconductor ambitions. In a post on X, PM Modi said he looked forward to Intel’s deeper engagement with India’s talent pool. “Glad to have met Mr. Lip-Bu Tan. India welcomes Intel’s commitment to our semiconductor journey. I am sure Intel will have a great experience working with our youth to build an innovation-driven future for technology,” the Prime Minister said. htt...

February 3, 2025 6:13 PM

Global semiconductor revenue jumps 18 per cent in 2024: report

The global semiconductor industry witnessed a strong rebound in 2024, with total revenue reaching $626 billion, marking an 18.1 per cent increase from the previous year, according to a report released on Monday. This positive momentum is expected to continue, with projections indicating that semiconductor revenue will climb to $705 billion in 2025, the report from Gartner stated. While memory dominated the market, non-memory semiconductor revenue also saw a 6.9 per cent increase in 2024, accou...

December 3, 2024 1:11 PM

Intel CEO Gelsinger forced out after board lost confidence in turnaround plan

Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement. Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn Intel around was not working and the progress of change was not fast enough, according to a person familiar with the matter...

August 2, 2024 11:33 AM

Intel to cut 15% jobs, suspend dividend in turnaround push

Intel said on Thursday it would cut more than 15% of its workforce and suspend its dividend starting in the fourth quarter as the chipmaker pursues a turnaround centered around its loss-making manufacturing business. It also forecast third-quarter revenue below estimates, grappling with a pullback in spending on traditional data center semiconductors and a focus on AI chips, where it lags rivals. Shares of Santa Clara, California-based Intel slumped 20% in extended trade, setting it up to lose...