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AI & Enterprise

Intel posts fastest revenue growth in 15 years on AI demand

Intel shares rose in after-hours trading after the company posted second-quarter results above market expectations and issued third-quarter guidance that also topped forecasts. Quarterly revenue grew 25 percent, the fastest pace since the third quarter of 2011. Data center revenue jumped 59 percent to $6.3 billion on stronger server processor sales, while client computing group revenue rose 13 percent to $8.9 billion. The company said capacity is lagging demand and it has secured 10 long-term contracts.

Industry

Intel pushes into foundry market, focus on Samsung response

Intel’s push into the contract chipmaking market is becoming visible through orders from big tech firms, with Tesla set to use Intel’s 14A process for AI chips and Google reportedly shifting part of TPU production. The move comes as TSMC capacity constraints have opened space for alternatives such as Samsung Electronics. Intel’s U.S. government backing and leadership hires add to competition for U.S. customer volumes, as Samsung prepares to outline its technology strategy at upcoming forums in Seoul.

Industry

Former SK On chief Lee Suk-hee returns to Intel as foundry back-end chief

Former SK On chief Lee Suk-hee returned to the semiconductor industry after Intel appointed him executive vice president of its foundry business, the company said on Thursday. Lee will oversee advanced packaging, system integration, and back-end technology development and manufacturing for Intel Foundry, reporting directly to CEO Lip-Bu Tan. Intel will also run advanced packaging as an independent business unit and plans to expand mass production of technologies including EMIB-T and HBI.