Intel

As the official partner for the 2024 Olympic and Paralympic Games, Intel showcases how its AI-driven technology will enhance the spectator experience and athlete performance.

Ahead of the Computex exhibition in Taiwan, Intel introduced Lunar Lake, a groundbreaking processor for laptops featuring exceptional artificial intelligence capabilities.

Intel has stepped up to the plate to help fill the gap in chip supply caused by the China embargo and is building plants in the US, as well as in Israel.

Shares of Intel, which has a bit less than 10% of its global workforce in Israel, opened up 2.73% at $49.28 on Nasdaq.

Intel does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away.

Israel-based Tower provides customers with analog and mixed-signal semiconductors, mainly for the automotive and consumer industries.

Israeli news highlights from the past two weeks.

The deal in Germany would be Intel's third big investment in four days, following a $4.6 billion chip plant in Poland and a $25 billion factory in Israel.

Prime Minister Netanyahu: “This is a great expression of confidence in the Israeli economy, in stark contrast to all the false reports against us."

Despite rapid growth, only half of machine learning models succeed in production, calling for enhancements to ensure success.