25 Burst results for "Gelsinger"

"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 4 d ago

"gelsinger" Discussed on Bloomberg Radio New York

"Important for the next several decades Let's build them where we want them and do it in a way that we have more resilience to the supply chain It is all great that you want to make the U.S. and Europe a priority but it's also about scaling and scaling quickly How soon can you get there Well you know we've announced the Ohio side expansions in Arizona and Europe We announced our expansion in a Germany new research in France expansions continuing and Ireland And what we're really now anxious to see is that the U.S. and the EU chips act get completed that allows us to make those good economic investments because part of the challenge is that we're competing now with countries that have very actively incented those investments in Asia And these investments they have to be competitive worldwide or I can't compete for the worldwide market So and that's what we're looking for the EU leaders as well as the U.S. congressional leaders get these things done so we can go faster Just for our radio listeners we're speaking to about pat gelsinger Intel CEO here in Davos I mean we talk about how we want to ramp up that production in the U.S. and Europe But what kind of government support are you seeing Are you getting And is it enough Well you know the U.S. chips act $52 billion the European chips act €45 billion And as we've looked at those programs and we've helped to shape them they make us competitive in the world We feel very good that these are very good steps forward And it's against what I call the moonshot And by the end of the decade our objective is that we go from 80 20 80% Asia 20% U.S. and Europe to 50.

U.S. Europe EU pat gelsinger Arizona Ohio Germany Ireland France Asia Davos Intel
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 2 weeks ago

"gelsinger" Discussed on Bloomberg Radio New York

"Do This is a Bloomberg money minute the global computer chip shortage has hammered automakers forcing assembly plants to temporarily close curtailing production and forcing them to use all available chips for select high margin vehicles like pickups and SUVs So just how long will the problem continue We do see a rate and flow of chips or the availability of chips improving as we go through the second half That's what Ford Motor CFO John Lawler told Bloomberg while Oliver zipse chief executive of BMW said until it's completely completely over I think that will with that will last until beginning mid 23 But even those predictions may be a little too optimistic Pat gelsinger the CEO of America's biggest chip maker Intel says we'll have to hold on a little longer We expect the overall semiconductor shortage to not be resolved until 2024 now So expect that drag on auto production and higher prices on new vehicles to stick around a lot longer Tom busby Bloomberg radio And JIT makes innovation happen It also makes entrepreneurs like Anya o'dwyer founder of innovate a tech driven civil engineering and construction management firm Anya says and JIT is defining the future Engineering teas extremely important as a hub of disciplines all in one space with all of these brilliant minds NGOs roll is huge when it comes to defining the future and power from an interdisciplinary point of view They have it all there whether it's the innovation hub the makers space and we're already creating bash collaboration between the disciplines and you have civil engineers speaking to programmers speaking to electrical engineers And together they're creating advancements that we wouldn't have been able to do without those three minds coming together and solving a problem as one.

Bloomberg Ford Motor John Lawler Oliver zipse Pat gelsinger Tom busby Anya o'dwyer BMW Intel JIT Anya America
"gelsinger" Discussed on Daily Tech Headlines

Daily Tech Headlines

03:23 min | 3 weeks ago

"gelsinger" Discussed on Daily Tech Headlines

"I'm rich trophy. Nikkei Asia sources say Nintendo expects switch sales to decrease 10% from its fiscal 2021 estimated at around 20 million units in 2022. Demand for the console remains solid, but semiconductor shortage and logistics disruptions have hampered production. Switch sales peaked in Nintendo's fiscal 2020 with 28.83 million units. The European Commission charged apple with abusing its dominant market position with Apple Pay, taking issue with Apple preventing other mobile wallet app developers from accessing NFC and other relevant hardware. If found guilty, applewood phase of fine linked to how much it charges for its mobile wallet services. Intel CEO pat gelsinger said the company believes the ongoing semiconductor shortage will drift into 2024. Intel previously estimated the shortage would ease next year, but gelsinger said the shortages have impacted chip making equipment, making ramping up new factories more challenging. The video electronics standards association or Visa announced new performance standards for variable refresh rate displays. Visa added the adaptive sync specification for variable refresh rate capabilities in DisplayPort monitors back in 2014. These new standards are meant to certify a monitor proficiency implements it. The adaptive sync standard is meant for high end gaming displays while the media sync standard has lower tolerances for media consumption. Apple published a developer update clarifying its policy on removing outdated apps. Apple remove apps that have not been updated in three years and which have not been downloaded at all or extremely few times during a rolling 12 month period. Apple will email developers about apps facing removal, giving them 90 days to update the app or appeal the decision. 9 to 5 Google sources say the upcoming Google pixel watch will contain a 300 milliamp hour battery and will include models with cellular connectivity. 9 to 5 Google node Samsung's galaxy watch four includes a 247 milliamp hour battery, and is quoted with a 40 hour runtime using wear OS three. LEGO CEO nels Christensen said the company plans to triple its number of software engineers to 1800 and increased software investments to several hundreds of billions of dollars. The company said one possibility with this increased investment could be to start building our own games. The Wall Street Journal sources say that from 2017 through 2020, precise location data on millions of grindr users were collected from a digital ad network and offered for sale. This data did not include personal information like names or phone numbers. Grindr cut off the flow of location data to add networks in 2020, but historical data may still be obtainable. The Spanish government announced that mobile phones belonging to prime minister Pedro Sanchez and defense minister margarita robles were both infected in mid 2021 with NSO group's Pegasus surveillance software. Last month, citizen lab reported that dozens of pro independence catalent figures in Spain were targeted with Pegasus software as well. And as though maintains Pegasus is used by foreign government clients to target serious criminals. During its earnings call, Qualcomm's CEO christiane almond said the company expects arm based Windows laptops using technology from the company nu via in retail channels by late 2023. Former Apple SOC engineers founded Nubia to build arm based server chips and Qualcomm acquired the company in early 2021..

Apple pat gelsinger gelsinger Nintendo video electronics standards as Intel European Commission nels Christensen Google Asia Visa Grindr Pedro Sanchez margarita robles LEGO NSO group Samsung The Wall Street Journal Spanish government
"gelsinger" Discussed on Techmeme Ride Home

Techmeme Ride Home

06:23 min | 3 months ago

"gelsinger" Discussed on Techmeme Ride Home

"Discussing Intel's attempt to Claude's way back into relevancy. And so from The New York Times I look at the man who is attempting all that. CEO Patrick gelsinger, who I did not know this. First joined Intel at age 18 quote now at age 60, mister gelsinger is hot about one thing in particular, revitalizing Intel, a Silicon Valley icon that lost its leading position in chip manufacturing. Rejuvenating Intel is partly about mister gelsinger own ambitions as a young engineer he once wrote down a goal of leading Intel one day, but in 2009 after spending his entire career at the company, he was forced out. A year ago, he was wooed back for a surprise second chance. His mission is also about America's place in the world. Mister gelsinger wants to return the United States to a leading role in semiconductor production, reducing the country's dependence on manufacturers in Asia and easing a global chip shortage. Intel he believes can spearhead the charge. If he succeeds, the impact could extend far beyond computers to just about every device with an on off switch and quote. Next, given our discussion of meta's VR efforts earlier from protocol, I believe when I said when I first got an Oculus quest two last year, that the thing that VR could be great for was meditation and mindfulness. I was surprised that there wasn't much out there for this sort of thing, but maybe I was just a bit early. Protocol says meditation could soon be VR's next killer app, quote home launched its quest app a little over a month ago, and is now offering a studio like meditation experience in VR. People can join live classes, catch up on past meditations or do breathing exercises. All while watching 360° videos of trainers sitting in a lotus pose in front of them, ready to bring some peace to their busy minds. Home is just one of a number of apps and services looking to bring mindfulness and meditation to VR, meditation services were among the first to embrace subscription billing on meta's quest App Store and meta competitor HTC even built an entire VR headset around the notion of immersive wellness. It's a surprising direction for VR and industry that was squarely focused on gaming for years. But after fitness apps and services became an overnight hit in VR app stores leading meta to spend between 405 $100 million on VR workout service Supernatural, some are wondering, could meditation be VR's next killer app. See, I don't need a studio experience. I don't really want a peloton like thing. I just want some calming music and some 3D graphics. So I can go down a rainbow volcano or something after popping a gummy and just be on a head trip for like 15 minutes, VR could literally be the best experience for this type of thing, except it's not exactly easy to use the quest lying down yet. So that's another hurdle, but hopefully this will become the coming thing in VR. Then I don't always agree with the amazing substack garbage day, but I always read garbage day because it's always interesting because Ryan Broderick has a talent for takes on things that even when you disagree with him, you find yourself sitting back blown away by the sharpness of his analysis. The February 16th post does my thing of putting on the history hat and comparing the demise of MySpace to the situation that meta finds itself in right now, quote MySpace on 4chan launched in 2003, within three months of each other interestingly enough, and then dig launched in 2004, Reddit and YouTube in 2005 and Facebook in 2006, editors note that's kind of not true. The Facebook actually launched in 2004, February 4th, 2004, actually continuing. The first half of the aughts was looking back at it actually a nonstop flurry of online activity. But things got a lot more interesting towards the end of the decade when MySpace was starting to die. And while putting a date on the actual death of a social network is difficult for MySpace, we do have a decent time range to approximate its demise. What's so fascinating about looking back at all of this stuff is that while there are some obvious differences between where MySpace was in 2008 and where Facebook is in 2022, MySpace never got big enough, for example, to warrant antitrust regulation, nor did emo kids successfully storm the capitol, though I'm sure they would have tried if they had gas money. There are actually a lot more similarities. MySpace was at the top of the world largely thanks to its increasingly consolidated portal strategy, which meant there was really no way to shake the weirdos, grifters and Christians scrima bands, apparently that eventually showed up and started making the site unusable. And then a new app promising a more exciting more live feeling central feed launched, specifically targeting teenagers. As MySpace's older users began feeling more stuck and bored there, younger users left in droves until there were no new ones signing up at all anymore. And then MySpace announced a bizarre redesign, a dumb logo change and a shifting of their corporate strategy that they claimed was not related to competing with the new successful social network, but instead was about connecting users with the content they love, though, in ways that no one actually cared about and quote. And speaking of the up and coming social networks, if war comes to Ukraine, expect to see it play out on TikTok, which, to be honest, since it's the dominant social network of the moment, shouldn't be surprising because, you know, life happens on social networks these days, news happens there, but still quoting wired. Since April 2021, the mobilization of Russian troops has been accompanied by reams of digital evidence. These come from a variety of sources from smartphone footage to high resolution overhead images captured by commercial satellite companies, troops, helicopters, and military hardware have all been spotted in satellite images. But for people on the ground, TikTok has emerged as a key platform for showing military movements. TikTok is definitely one of the main platforms being used to document this, says Elliot Higgins, the founder of open-source investigative unit bellingcat, which has been exposing Russian espionage for years. That footage often finds its way onto Twitter or other social media platforms and joins other footage being posted there. The TikTok videos from around Kursk, all of which have had their location verified by the CIR, provide a snapshot of how powerful open-source intelligence also known as Austin has become the videos contribute to media reports and policy discussions. They can be low quality and poorly framed, but they show exactly what is happening at a specific moment in.

Intel mister gelsinger MySpace CEO Patrick gelsinger Mister gelsinger Ryan Broderick meta America Claude Silicon Valley The New York Times Facebook App Store Asia HTC Reddit chan YouTube TikTok
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"In getting everything from new cars to furniture is more than just an inconvenience that's boosted inflation It's also national security as well Pat gelsinger is CEO of chipmaker Intel and his company is backing that up with plans to spend $20 billion to build two new chip making plants as part of a complex near Columbus Ohio When we have 80 plus percent of the world's supply in Asia Floyd that's not very comfortable for national security That he says is why he's been pushing Congress to approve federal aid to chip makers to build more plants in the U.S. He says Intel has plans in Europe too I've set a moonshot objective where U.S. gets back to 30% over the next decade in Europe gets back to 20% So we're looking at 30 20 50 A commerce department survey of businesses around the world found those ass say the plans won't ease the short term chip shortage but will help long-term Joan Donoghue Bloomberg radio Wake up and text text and eat Text didn't catch the bus Text and miss your stop Text and be late to work Sorry Text didn't work Text and pretend to work Text and X surprised when someone calls you out for not working Who me Text and meet up with a friend you haven't seen in forever Hi Oh hey Text and complain that they're on their phone the whole time Text and listen to them complain that you're on your phone the whole time Text in whatever But when you get behind the wheel give.

Pat gelsinger chipmaker Intel Joan Donoghue Europe U.S. Floyd Columbus Ohio Asia Intel Congress
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:34 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"In Singapore I'm Juliet salli And I'm doctor at the Bloomberg interactive broker studio in New York We've got trading underway in Tokyo Sydney and Seoul and the markets are looking a bit mixed right now the nikkei is fluctuating between gains and losses Brian Curtis will be by momentarily for a closer look at the price action We'll update a few of the showers top business stories right now Jules Well fed chair Jay Powell says the Central Bank is ready to raise interest rates in March She sought a durable inflation and a strong labor market But what's the reaction John Taylor is Professor of Stanford University and senior fellow at the Hoover institution He told us the fed is flexible at the wrong direction If you look at the history of the so called Taylor role you see when they've gotten off you know it's worked out so well When they're on track it works pretty well So that's the lesson And I think by any measure they're off track now And they have been for a while And so they need to make that adjustment And I think it would be better for the economy if they make the adjustment sooner rather later and smooth and forecastable as possible But we haven't gotten to that point yet Meanwhile the fed says it expects the process of balance sheet reduction to start off the rate liftoff Powell said officials have not made decisions about the pace of the runoff because the fed needs to be nimble Nimble yes but mister Taylor seemed to be suggesting the fit is behind the curve We go to Intel next the company was out after the bell with a disappointing forecast for profit in the current quarter We have more from Bloomberg's Charlie pellet The report is fueling concern that the cost of CEO pat gelsinger turnaround plan will weigh heavily on the chip makers financial performance though demand for server chips is helping bolster sales The forecast adds evidence that profit is suffering from an Intel spending spree Gelsinger who took the helm last year has embarked on an ambitious plan to overhaul Intel's manufacturing That includes a new factory hub in Ohio announced last week that could cost $20 billion The hope is to restore Intel's technological edge and head off a growing challenge from Asian rivals In New York Charlie pellet Bloomberg daybreak Asia The world needs to prepare for a future of inflation and labor shortages this according to Jeremy grantham cofounder of asset manager GMO He loves some alarming messages in an exclusive interview with Bloomberg We've had a very very abnormal honeymoon Goldilocks period for 20 years which I think is ending Let me put it this way We're in the early stages of running out of raw materials Of course we live on a finite planet There's only a certain amount of cheap oil cheap nickel cheap copper and we're beginning to hit some of those boundaries And we're going to have bottlenecks here there and everywhere Grabham said these are all trends decades in the making and they're inevitable because of a few factors declining birth rates maturing emerging markets and flaring geopolitical tensions Coming up on 34 past the hour let's cross to Los Angeles Brian Curtis is there looking at markets One thing mister grant thumb did not mention was in terms of all of the scarcity that we could be seeing is easy money right Yeah well and that money is just about ready to get less easy But let me just ask you a question and not answer it so I can keep my head How can you be wrong most of the time but make a lot of money and become really famous I don't know Yeah Well you just You just heard to comments from such Anyway with things move in cycles I think that he has proven himself to be very accurate in times But markets rise and fall and so it's where you are in that way I suppose it's fun to try to predict the cycles and such and that's what he does But you know he's generally bearish and has been perished for most of his career And just look at the performance of the S&P 500 over the past 25 years So anyway that's a discussion for another day So you guys went through the earnings That was good Intel was up 1.4% in the regular session but it gave back more than 2% after hours Kimberly Carr Clark its shares were down 3.4% during the regular session when investors had a chance to tee off on its earnings Its outlook for 2022 was short of estimates and the company raised a pretty interesting point Higher costs that he was finding difficult to pass on And so that speaks to the idea of growth slowing while inflation is still pretty hot And one of the more interesting things we got from Tesla was Elon Musk saying that he sees the human robot becoming bigger than Tesla's car business In terms of equity pricing in Asia we're essentially flat to lower All the markets are down And when we started this hour you know we had been higher So there's definitely some chop in the water The UK is down about a tenth of a percent The ASX down about a third of a percent New Zealand on four tenths of a percent cost be down 8 tenths of the dollar is retaining strength dollar yen one 1475 the yield on the ten year treasury 1.83% now sit down two basis points from the top of the hour Juliet back over to you Thanks Brian 36 minutes past the hour time for.

Brian Curtis Charlie pellet fed Intel Juliet salli Bloomberg interactive broker s Jay Powell mister Taylor pat gelsinger Gelsinger Hoover institution Bloomberg John Taylor Seoul Grabham Jules New York Stanford University Central Bank
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:31 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"One of the most closely watched but no Yeah making it the perfect topic Denise for the Bloomberg year ahead summit And Intel of course has been planning to make more chips in the U.S. Now pat gelsinger CEO of Intel tells Bloomberg's editor in chief John nichol fight he's concerned about growing competition in the industry from China Well thanks John Pleasure to join you on Bloomberg Bloomberg such a great brain great audience great to be with you If we were here in 1990 the U.S. produced 37% of the chips of the world Europe produced 44% of the chips of the world obviously this is an industry that was born in the United States And Intel the company that put silicon into Silicon Valley were quite excited about the semiconductor industry But here we are and today 12% in the U.S. 9% in Europe We've seen the shift into Asian markets consolidation of supply chains very aggressive stances on the part of a number of the Asian countries And as I've said this is more important than where oil is Where are the chips And given that we have this massive move of every aspect of humanity becoming more digital I believe where the fabs are is more important to the next couple of decades than where the oil reserves are And with that in mind we've seen strong response to the part of the U.S. government with the chips act which is in Congress as we speak I spoke to secretary of commerce Romano She says I work on this every day this year to get this done There's also parallel legislation going on in EU for their equivalent of that they would rebuild this industry And we have argued strongly that the world needs a more globally balanced and resilient supply chain for semiconductors And geopolitical uncertainties throughout Asia just reinforce that criticality COVID has made it painfully obvious across so many industries on how important this semiconductor industry is Everything digital runs on semiconductors Let's build the manufacturing and supply chains where we want them Let's not waste this crisis that we've been through Do you think you're getting enough I mean is that enough to help you I think it's a great start And as we said you know when every dollar of chips act would need to be matched at least two to one So it's essentially creating a $150 billion investment incentive Also the bill includes a substantial investments for long-term R and D to assure sustained advantage The size of the EU proposal is very similar as well So we think this is a great start Maybe the second half of the decade there'd be a chips act to but this is creating a lot of energy And we believe that we U.S. companies but also Asian companies should be participants in building out and accelerating this capacity in American soil And personally I've been very involved in lobbying for getting the bill done We are hopeful that before the continuing resolution ends in February that that timing is one that I think every all the legislators are lining up to get across the line And there's a similar timeline in Europe as well So we're optimistic We think it's a great start And if we can go from 37 to 12 and I've set a moonshot objective where U.S. gets back to 30% over the next decade in Europe gets back to 20% so we're looking at 30 20 50 I think that's incredibly positive way to leave this decade and one that we're optimistic that we'll be able to achieve Push you a bit on that from it's interesting You made a noise about this Most of the other people who make a noise in terms of standing up to China tend to be people like Facebook and Google who don't have the same amount of sales there I check China is still the biggest it's your biggest customer It's bigger than the United States Do you worry that they might take retribution on you Or do they have no real choice in terms of chips at the moment Well you know we believe that every country would want local suppliers wherever possible going forward Our objective is build the best chips And deliver them into our customers on a global basis And about 25% of my revenue is in China We have deep customer relationships there ones where of course would want more of their own supply chains there We fully respect that But our customers there want to build the best cloud platforms The best commerce platforms And if our products enable them to be remarkably ahead of what they would do with alternatives we'll be able to continue to satisfy that business and we have seen continued growth in China and we're very committed to that market for the long term But the U.S. China situation does create challenges for any company to find a pathway through that And that was pat gelsinger CEO of Intel with Bloomberg's editor in chief John Michel thwaite And coming up from the Bloomberg year ahead summit a close up look at more big trends in investing And we'll take a look at why investors need to keep a close eye on what's happening on Capitol Hill You're listening to Bloomberg best You.

United States Intel pat gelsinger John nichol John Pleasure Bloomberg Bloomberg Bloomberg Europe China EU Denise Silicon Valley Romano
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"Bloomberg interactive broker studio we were also streaming on YouTube roster broadcasting from my home It is Friday yippy is all I could think about when I was putting together this show A short week but certainly doesn't feel like a short one No Tom Keene this morning was like uh yeah it's what second third week of January It feels like August Yeah well look at the NASDAQ down NASDAQ composite for the year down more than 10.8% terrible So an official technical correction Yeah That's not even from November highs That's here to date Wow okay so we're going to get more into the trade in just a moment Speaking of rough weeks the pandemic play plummeting Just check out shares of Netflix and peloton Although peloton rallying back today but it's down way from its highs Yeah we're gonna talk all about that in just a few minutes plus a CEO bonanza We're gonna have hearing from a CEO We're gonna hear from CEO of pat gelsinger on Intel's mega spend on that Ohio chip up And then another CEO on top today Carol I like what you did there Hey like that All credit to you for that Always by the way My brain work a lot of brain power at work on that one Michelle duchess he's had AB InBev We're talking about beer We're talking about the outlook We're talking about supply chains We're also going to check in with the CEO of gene DX stopping by and then I trust capitals CEO on buying and trading crypto through your retirement account Yeah I look forward to talking more about the price movements too that we've seen with Bitcoin especially in the last 24 hours Plus this week's businessweek global cover story on the Chinese Olympic Games and at this time around the world will see a very different Beijing All right let's get you going on yippy Friday Let's get to the Bloomberg market.

Tom Keene pat gelsinger YouTube Netflix Intel Carol Ohio Michelle businessweek global Olympic Games Beijing
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:18 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"It is 9 30 a.m. in Hong Kong and here in Singapore I'm Juliet sali And I'm Brian Curtis looking at Marcus with gaines in the Hong Kong market The Hank sing index just itching and inching up now about 6 tenths of 1% We did have the banks in China lowering their borrowing costs maybe a little disappointing the one year loan prime rate was cut by ten basis points but only 5 for the 5 year which is what they priced the mortgages off of So we're waiting to see the impact on that The CSI 300 just edging up a little bit too Done Christmas will have all the market action for you in a few moments Juliet Well Morgan Stanley reported a surprising case in equities trading revenue in the fourth quarter This was driven by a one time gain on an investment of $225 million Morgan Stanley also raised its long-term profitability target chairman and CEO James Gorman says the bank fully expects to achieve it We are laser focused on delivering value to our clients as shareholders and our employees and we believe in RoTCE in excess of 20% is achievable As we look to the longer term with the support of our track record behind us writing a new goal a long-term goal to achieve 10 trillion in client assets across wealth and investment management Today's results matched Morgan Stanley's biggest competitors bonus payouts for star traders and bankers though it weighed on expenses Intel's CEO pat gelsinger is urging the U.S. and Europe to push ahead with efforts to bring back chip manufacturing He said government funding is needed to address an over concentration in Asia Gaussian are also said that he's optimistic that government funding plans and laws will pass We've seen strong response to the part of the U.S. government with the chips act which is in Congress as we speak We are hopeful that before the continuing resolution ends in February that that timing is one that I think all the legislators are lining up to get across the line And there's a similar timeline in Europe as well So we're optimistic We think it's a great start Gelsinger said that he would soon announce expansion plans for Intel Bloomberg has reported that the chip maker is planning to build a production base in Germany and other facilities in Italy and France Intel's next domestic factory will be according to local news reports in Columbus Ohio in that area Well by dance is downsized its powerful investment arm where being told the company is dissolving its internal venture capital and investing team The retreat comes as Beijing reportedly gets ready to require China's tech giants to get approval before making investments or raising funds Reuters says new guidelines would require any company with more than 100 million users or over $1.6 billion in revenue to seek approval but that was pushed back from the cyberspace administration of China the regulator issuing a statement saying the report was untrue All right the time is 33 minutes past the hour This is kind of interesting The MSCI Asia Pacific index is up even though in terms of numbers most of the Asian markets are actually lower at the moment Let's get to Doug prisoner With the exception of Hong Kong hang seng is up about 6 tenths of 1% You are talking about the reduction in lone prime rates in China the one year now at 3.7% that's down ten basis points from the prior month The 5 year at 4.6% and that is off about 5 basis points from the prior month It's not really surprising markets were prepared for this especially when earlier this week the PBOC pledged more easing after cutting two key policy rates and at the same time today the PBOC said a stronger fixing for the yuan the strongest that we have seen since May 2018 to talk about threading a needle right You want to adjust rates lower you also don't want to create too much damage where your currency is concerned the offshore yuan right now at 6 34 80 against the greenback so we're strengthening ever so slightly and the PBOC pumped about $15.8 billion into short term liquidity It's likely that as we approach the lunar new year holiday we're going to see more injections of liquidity during that period so we're about ten days out from the new lunar new year holiday In Tokyo right now we've got the nikkei down about a tenth of 1% We had a very strong reading on Japanese exports for the month of December an increase year on year of 17.5% that was above forecast on the Chinese mainland Shanghai composite is essentially flat We've got weakness in the South Korean market with the cost be down about three tenths of 1% We had a pretty hot reading on producer prices for the month of December in South Korea again year on year of 9% And when it comes to Australia strong labor market data with an unemployment rate now at a 13 year low of 4.2% But that's only going to add to the case that the RBA is perhaps going to raise interest rates as soon as this year Right now in the equity trade the ASX 200 down about a tenth of 1% In terms of U.S. sovereign debt the ten year treasury now down a little more than two basis points and yield in the Tokyo session were at one 84 and crude oil off more than 1% as well trading at $86 right on the money will take another look at market action for you in 15 minutes Juliet Thank you 35 minutes past the hour time for global news.

Juliet sali Brian Curtis Marcus with gaines Hong Kong Juliet Well Morgan Stanley James Gorman Morgan Stanley pat gelsinger China Gelsinger Intel Bloomberg PBOC tech giants Intel Europe
"gelsinger" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:59 min | 4 months ago

"gelsinger" Discussed on Bloomberg Radio New York

"Bloomberg business weeks magazine it's all about the year ahead issue Those things to keep on your radar in 2022 and to that includes a course the semiconductor space big story last year it's going to continue to be so this year innovation disruptors and just plain old competition playing its way out Yeah the big question is who reigns supreme and how about the long time of chip making or king of chip making Does it remain king We have our own king of chip making We do It's in king He's U.S. semiconductor at networking reporter at Bloomberg news Let's talk a little bit about Intel because the company is on the brink of losing its status as the world's largest chip maker I thought that gelsinger came back to Intel to prevent this from happening Yeah no that's what he's been talking about He's very very focused on basically restoring Intel to its dominance You remember when he left in 2009 until it was at the peak of its powers It was the largest chip maker by market value the largest maker by revenue the leader in terms of technology the plants the best profit margins it really was a leader and now it's not It's arguably going to lose the last of those titles which is the one by revenue in 2002 1021 And really everything that he said since he took over last year is look I'm going to get Intel back I'm going to put Intel back where it belongs So hey Ian it's still going to be a dominant player until that is But what's the significance of Intel and the history of what it has done in terms of chip making and just really Silicon Valley How is that just kind of remarkable in terms of this shift Intel basically taught the industry that these are the economics that matter Moore's Law that everybody quotes Gordon Moore the founder of Intel It's about economics It's about scale It's about speed Intel has always had the most capital to deploy It's always moved faster It's always made it difficult for the opposition to keep up Now it's facing and we talked about Samsung and the story but also TSMC in Taiwan Companies that have as much access to capital that are deploying as much capital that are running just as fast as Intel and they're enabling lots of other companies who they manufacture for to compete and to take market share away from Intel clearly that's not good for intelligent As you say it's still a huge company $70 billion of revenue is not to be sniffed at But that kind of lead that ability to say hey here we are You need to come chase me and this is the pain that is involved in chasing me That's gone away What do analysts say about Intel's ability or pat Gaussian earns ability to pull this off Yeah Initially when he came back to Intel last February said all the right things said look this isn't good enough This is not Intel Mismanagement that's been gone on while I've been away I'm going to reverse that Intel is back very much beating is first on his chest and using a lot of the throwbacks to Intel's prior leadership in terms of the messaging But then what became clear as Intel reported earnings averaged like a 7% decline on the day after every earnings was released because those earnings were showing margins narrowing on guess what we're going to spend a lot of money to get us back and so what's really going on is saying the right things making the right decisions arguably but at the same time showing what the cost is and the amount of time it might take to get Intel back to leadership Hey Ian in a world where so much of the global economy is all about services and certainly for the United States we don't make a lot of stuff anymore But the opportunity with a company like Intel where we actually make something how important is that to the United States And I think about government intervention or government assistance here in making sure that we're still making something in this global economy Yeah I mean if you ought to view it from a nation centric point of view and Gaussian has certainly one of those that does soup So the chip industry is enormously important It's a fundamental piece of technology that underpins everything And the U.S. the ability to manufacture that is really centered in only Intel and a bit in micron Everybody else kind of doesn't do it anymore It's done by Samsung It's done by TSMC Those are arguably the leaders right now And what Gaussian has argued and gained some traction with politicians who listening to him saying look we don't have this We lose that ability It's not something you can just get back You know it's based on knowledge It's based on experience And if that's going away maybe it's gone for good And he's really trying to do something about that That was Ian king Bloomberg news U.S. semiconductor and networking reporter And we also heard this week that Taiwan Semiconductor will be spending at least $40 billion to address the ongoing chip shortage That's above what Wall Street was forecasting And that's the latest salvo from.

Intel gelsinger Bloomberg news Taiwan Semiconductor pat Gaussian U.S. Bloomberg Gordon Moore Samsung Ian Moore Taiwan micron Ian king Bloomberg
"gelsinger" Discussed on CNBC's Fast Money

CNBC's Fast Money

06:20 min | 6 months ago

"gelsinger" Discussed on CNBC's Fast Money

"It is a hot category and we have the hottest asset hidden inside of Intel. So we wanted to give it more visibility. This is now where we're seeing that inflection point in the AV category. Mobile I pioneered a daz, and now it's going to leap forward to be a leader in the entire AV technology sector. That was until CEO pat gelsinger on the reason behind spinning off the company's autonomous vehicle division Mobileye. The IPO expected to come mid next year in the news, sending Intel shares up nearly 5% today, but it wasn't the only chip name ripping higher. Check out the moves in mar vell in Nvidia, amat korvo. Look at that marvel of 7% Nvidia up 8%. For more on the action, let's turn to Jared weisfeld. He's tech sector specialist at Jefferies. I mean, Jared, it seems like the market really liked this move. What do you make of it? Does it portend potential spin outs or acquisitions, mergers other deals for any of the names in the space that's helping to prop this group up? Sure. So from an Intel standpoint, the move makes a lot of sense, right? I mean, I think if your Intel, this will help validate the valuation of Mobileye. They acquire the asset back in 2017 for about $15 billion. And now potentially achieving as much of a $50 billion valuation. That would be quite strong with respect to the multiple page. When you think about 2022, probably be about 25 times revenue. So that's a strong valuation. So that'll help validate the valuation. Number two, it helps bring in proceeds from Intel. So as you think about their diversification efforts and ability to pursue their foundry efforts, getting those capital in the door certainly helps. But to your point, we saw a widespread rally across the entire chip sector today, not only did Intel benefit on the news, but you saw Nvidia AMD marvel also gained on the news. And I think what's interesting is that you sort of look at what this brings to Intel was this the right decision a 100%. It helps give you that valuation. It brings capital to the door. Does this change the long-term trajectory of Intel and the issues that investors are concerned about? Not as much. If you're concerned about PC market share loss, if you're concerned about AI and ML artificial intelligence machine learning share gains at Nvidia and marvel and AMD, which those shares continue to raise appreciably, right? That doesn't change the long-term trajectory at Intel. So it's certainly a lot of moving parts here. Jared, this is knitting. I have a question for you because I think you're eluding to this, which is they have aggressive capital spending plans, but that's just because they have been behind the curve versus peers. And so is this a sell the news event if you're an Intel owner or how should an investor in Intel play this from this point going forward? So if you're long Intel and you see this news, I think you have to be doing this positively from the standpoint of the asset was acquired at $17 billion. It's now potentially going to achieve as much as a $50 billion valuation. That's a positive. You can still consolidate the financials if you're Intel. They're going to retain majority ownership. It makes a lot of sense. They're getting proceeds in the door. The bigger fundamental question if you're an Intel bull is how do you think about the process technology road map? How do you think about their ability to execute and compete against AMD? Compete against Nvidia. Competing against marvel. Those are the long-term issues that still are unresolved. And that's why he actually saw shares of Intel underperform broader semis today and you obviously had a risk on day in the broader markets. The names that investors want to gravitate towards are certainly the structural share gainers like the AMD is the marvel of the Nvidia's of the world. Jared, if we can turn you here, of course, the tech specialist, and so we'd be remiss not to ask you about the AWS outage today. It seems like every other day there's another press release with another company that is now moved or migrated or started using AWS. This outage was pretty significant. What are the ripple effects going forward? Is this more than just a single event? For sure. And it's a good reminder how the world is so tethered to all of the cloud service providers, whether it's AWS, whether it's Microsoft, whether it's Google, those three dominate our lives, and this is only going to increase supply chain complexities that have only increased significantly because of COVID over the last 12 months. What's amazing is not only are there external implications if you're relying on AWS from a service provider perspective, that's obviously a problem with that out. But Amazon itself is being impacted pretty significantly. If you look at the delivery network for Amazon, you look at all of the Amazon partners that are trying to make those deliveries and access the Amazon app, via AWS. That's all down right now. So the ripple effect not only with respect to if you're an AWS customer, but Amazon itself across the supply chain, especially in as we approach the holiday season, this is certainly not the appropriate time to have this outage for sure. Jared, thank you very much for being here with us today on a very big day for your sector in general and particularly those chips. Tim, I want to turn to you. Do you think it's too late to get in on some of these chips names after the rip that we saw? I mean, Nvidia hire bike, what 7 plus percent here today? Yeah, and 15% off the low intraday lows in two days. The fact that semis are closer to their all time high than any other part of the market. So not only just the S&P or the triple cues. But I mean, within 2% and I still think that semis are the chart to watch. And I still think that semis relative to the S&P. So if you wanted to do an SMH divided by the SPY graph, you can see that semis are arguably breaking out against the S&P through a top of a range that they've paid a couple times in the last year. So yes, I think the answer is, I think there's room. I think in a world where we've seen this, one of the reasons why Nvidia is up 15% two days is because the high multiple concerned market where growth is in question is going to get whacked. But I think if you stay the course here, this is still where you want to be buying growth. And in many cases, maybe not at Nvidia and I'm not going to lean on Nvidia at a reasonable price. But I think you are getting it a Qualcomm. And I do like this. I am an Intel shareholder. I do like this deal. I mean, that segment's 2% of revenues, and this could be 25% of market cap on the return on this investment. So I think it's a good day for Intel. And a good day for you. If you're a holder of Intel and you're long there, we do have a market alert on U.S. belorussian software company E Pam solutions. Shares of the.

Intel Nvidia Jared pat gelsinger mar vell amat korvo Jared weisfeld AMD marvel AMD Amazon Jefferies marvel
"gelsinger" Discussed on MarketFoolery

MarketFoolery

08:06 min | 6 months ago

"gelsinger" Discussed on MarketFoolery

"Me for Intel to make this move. Pat gelsinger and the CEO at Intel compared mobile eye to Tesla, which I suppose I would say that if I were a bad girl singer or sure what $1 trillion company can we compare this to? Let me think. But to go back to something you just touched on, it seems like at least part of the calculus for Intel in this move is maybe informed by what they have seen with rivian and the fact that, as you said, it's a $70 billion company with no vehicles on the road. And look, this is one of those things that shouldn't matter to investors like you and me, but it actually does because it involves institutions buying shares in blocks much larger than you or I or anyone. Listen to yourself, but okay. But you look at, you look at what happened with, let me put it this way. It's hard for me to look at what's happened with rivian and draw a conclusion other than there's an appetite among institutional investors for. Tesla type investments that aren't Tesla. They've already made their investment in Tesla. They know it's going to be they missed it or they missed it. Or they got in later than they wanted to. And they want and they recognize it's not going to be just like there's not one automaker. There's not going to be one electric vehicle maker. There are going to be multiples. They're going to be multiple winners. And so some of that money is going to go into businesses like Mobileye. Yeah, no, absolutely. And mobilize to me as a picks and pans play on the industry. You know, you go back in time and obviously, obviously, I don't know that this is a huge insight, but I'm going to make it anyway. The automobile turned out to be a pretty big deal here in the United States of America and around the world. And yet we went from hundreds of auto companies in the 1940s to essentially four American companies at the beginning of the century. I mean, that was how it worked out. This will be a similar this will be a similar. You know, it's going to be a rough go for business for an industry that really does have a lot of great things in front of us. This will be a lord of the flies industry. I believe that to be true. But companies like Mobileye, which are which are providing, which aren't really worried so much about which company wins, I mean, I think that they're in a really great spot. The market also thinks that they're in a really great spot. And pat gelsinger to your point recognizes that the rest of Intel isn't in a great spot, but you know what would help? Some cash. The timing is such that right now we're looking at the middle of 2022. So for those in the business media who are looking to aggregate their list of IPOs to watch in 2022, it's Christmas come early, because you can put mobile out on that list. One less thing to do. Yes. Speaking of media and aggregation and list building, BuzzFeed went public yesterday, via a special purpose acquisition company. I think everybody knows BuzzFeed, or is at least, if not a regular consumer, at some point, someone has sent you a BuzzFeed article or a list of some sort or it's popped up in your Twitter or Instagram feed. And it wasn't a great day. In terms of what happened with it closed down 11%, there was sort of that early pop. We got the reports over the weekend that a lot of people were initially interested in this, and then they just sort of walked away. And I mentioned all this because not to pick on BuzzFeed, but I do wonder we've seen so many companies go public via spac. Some of them in terms of getting attention from investors and the business media. They barely resonate. It's barely a blip. This is a well-known business. And so, therefore, it got more attention than the size of the business would warrant. And I'm wondering if you think this signals not the end of spacs, but part of me feels like whatever heat spacs had as a category, this was just one more bucket of cold water being dumped on it. I know how much you love for your guests to read on this show. I know you love this. But I do have to read something that we at The Motley Fool put out about a year ago. And it was about specs and a year ago now basically there were a lot of people who believe that the way that you invest was to buy us back, wait for it to announce sell it and then buy another spac and they were going to get rich that way. And we're not trying to get you to invest in spacs or to be excited about them. Every investment fed in history has ended badly for the majority of investors and we expect nothing different from specs when all is said and done. It's not to say we told you so because it's dumb to say we told you so, but it is to say that in our job, every once in a while, it's really unnerving to watch people to try and play the investment game in a way that it ought not be played in a way that things aren't really done, because you would hope they would figure it out, but usually figuring out that you're playing a game that you don't understand comes with some pain. And the spac market this year has been horrible. There are spacs that have come out public this year that are down more than 90%. And it's incredible to think about. So in the case of BuzzFeed, maybe because it is a higher profile company, this may be the very the death knell of our thinking about spacs as being magic beanstalk beans. It's a way of coming public. Nothing more nothing less than there are things about spacs that are better than coming public through a traditional initial public offering. But then there are things that are a lot worse and they're really should have been some sort of breaks put on BuzzFeed when 94% of the pre market money decided to redeem rather than go public with the company. Because that as they say is bad. Well, hopefully this has a similar and yet opposite effect from what we were talking about earlier with mobilize and rivian in the same way that someone at Intel might have looked at what was happening with rivian and said, you know, if we spin up mobile eye, we could probably make a decent buff. I'm sure I am a 100% confident. There were digital media companies watching closely with their fingers crossed on Monday when BuzzFeed went public via spac because they were thinking, boy, if this works, then we can do the same thing. And hopefully, at least some of those digital media companies and the people running them are looking at what's happened to BuzzFeed and.

Tesla pat gelsinger Intel Mobileye United States of America Twitter
"gelsinger" Discussed on Acquired

Acquired

04:02 min | 9 months ago

"gelsinger" Discussed on Acquired

"By which other fabulous companies can contract with intel to build. Maybe that's right but if so they gotta figure out. And i think they're thinking about this the right way. 'cause they said it's going to be a fully separate autonomous division. They gotta run that like a completely separate independent company of the rest. Of until. And if so i don't actually know why until owns it. I mean well let's look at. Amd here right. They did this. They spun out there manufacturing into global foundries. Which has been good for global foundries and md found getting ready to ipo. yup yup yup so like well. Yeah there's probably rate strategic decision but it's not going so well i mean like it's going fast. Tsmc it's going better. Probably than if they had not done that but it wasn't there not a winner here like. Tsmc is winner. Yeah i guess. The the playbook theme there is indecision paralyzing company has spun its wheels one direction. Or the other and all it's done is make itself deeper in the mud I just looked up. I was trying to remember this guy. Gelsinger was the vm-ware ceo. He started his career at intel and then went. Emc and then emc owned the majority of the land came the vm-ware. Yeah and He was the outside candidate.

Tsmc intel Amd Gelsinger emc ware
"gelsinger" Discussed on Recode Decode

Recode Decode

06:05 min | 9 months ago

"gelsinger" Discussed on Recode Decode

"So i've been in asia on christmas day in their people author with jackhammers and pouring concrete. Because it's like man every minute this thing gets done sooner we can start generating cash. We do not have that mentality in the west. I mean we're not gonna culturally change that mentality but is that something that can be overcome with policy to make it go. I mean there's a lot of emphasis on this problem. It can help if what we do is get the permiting to go a little faster than typically does go foundries built that fab in malton new york relatively good speed. They had a lot of subsidies from the state of new york. I forget exactly how long it took to get all the permits and the construction going but it's slower. There is more sense of urgency these days but we we still don't have the mentality not to be critical of the administration talks about good union construction jobs so that cost mar the so you just got fall into the cost and eventually after. Recover that in your cash. Well right now. The the biden plan. I think it's fifty billion dollars. Fifty two billion dollars Incentives subsidies is that enough is at the first. Payment is a something needs to continued to start building ships. I would say it's not bad for a down payment. I have somebody from deep within washington. Call me up and asked me. How much money would it take to catch up with. Tsmc over and i had just been to the global foundries fab in malton york. They had spent fifteen billion dollars to get thirty thousand for starks per month at fourteen nanometer. So it's not even leading edge but it's a nice fat. They've done a good job there. Tsmc fab twelve has a capacity of two hundred fifty thousand way for starters per month. Tsmc feb fourteen as about two hundred fifty thousand tsmc feb fifteen has about two hundred fifty thousand tsmc fab teen. They're targeting the same capacity. So i told this person. I don't know you'd probably have to spend ten times. What jeff spend up in walton new york. I could hear him fall out of his chair and when he got back up he said. What did you say i want. I don't know. I said you know ten times at you know. Maybe it's not one hundred fifty billion. Maybe a hundred thirty or one hundred forty billion. But you have to realize that. Tim spec- has been spending. They're gonna spend over thirty billion this year and that's one company and they spent twenty. Plus billion last year has been spending ten to twenty billion a year for the last decade and before that they've been spending like five to ten billion a year for the decade before that so they've been pouring money into this for thirty five years so fifty two billion and by the way all the lobbyists are in. They're trying to make sure their company gets their share of it. By the time it gets peanut butter around the worry will be how much difference is actually gonna make time i so. Tsmc spends a lot of money. They are the bleeding edge fab. They have the most sophisticated process. Nodes they make the most sophisticated ships next to that. You do have companies like intel in this country that are trying to give it to be that To offer those kinds of services to get on those process notice to do this kinds of things. You have a global foundries. This business with explosive demand customers huge pockets. Why isn't intel just saying we're gonna do a capital raise and spend this money because they will get the return. I think intel under their new. Ceo pat gelsinger is going to spend the money they've already committed. Twenty plus billion to two fabs arizona and new mexico. Gelsinger has been in the news visiting and france and in europe around. Hey if you want to contribute in the form of a subsidy maybe we'll build fabs in europe. Intel already has a large fab in ireland and they have a large and very important fab in israel as well so intel does have a global footprint. I think intel is out to try to climb back to the top ladder right. Intel does have a lot of capabilities. I think the challenge facing all the big guys intel. Tsmc as well as samsung. is this. The risk of making a wrong technology choice is really extreme these days and so they may not be as adventuresome as they need to. Although i think intel seems to be showing signs of being willing to take some risk right now one could argue. For example that intel was the leader for so many years but then they were conservative. On extreme uv. They held back and didn't invest in a lot of manufacturing capacity and tsmc did and that's one of those examples of not taking enough risks. Being kind of more risk adverse tsmc bet right intel. Didn't bet right on that and hence they are a little behind. That doesn't mean that they couldn't catch up by taking some risks by throwing a lot of investment into the basic. Rnd we're gonna take a break but when we come back we're going to go a little deeper on tsmc. Let's knowing really enjoys thinking about it issues. If you most people you only call your it team when something is horribly wrong. Like your company's point of sale system crashes or email is an e mailing or michael and operations forgot his password for the sixteenth time..

tsmc intel malton york new york Tim spec malton biden asia pat gelsinger Gelsinger walton washington jeff europe new mexico arizona
Chip Shortage Highlights U.S. Dependence on Fragile Supply Chain

60 Minutes

01:58 min | 9 months ago

Chip Shortage Highlights U.S. Dependence on Fragile Supply Chain

"Car companies across the globe have had to idle production and workers because of a shortage of semiconductors often referred to as microchips or just chips there the tiny operating brains inside just about every modern device like smartphones hospital ventilators even fighter jets as we first reported in may the pandemic sent chip demand soaring unexpectedly as we bought computers electronics to work. Study and play from home but while more and more chips are needed in the us. Fewer and fewer of them are manufactured here. Intel is the biggest american chipmaker its most advanced fabrication. Plant or fab for short is located outside phoenix arizona. New ceo pat gelsinger invited us on a tour to see how incredibly complex the manufacturing process. Is i we had to suit up to avoid contaminating. The pfaff head cover on bunny suit zipped goggles gloves ready to go. I'm christine everything in this environment is control together. We stepped into a place with some of the most sophisticated new technology on earth. To ask you why. We're all yellow yellow filters remove light rays that are harmful to the process overhead a computerized highway transport's materials from one machine to the next the process involves thousands of steps where layer upon layer of microscopic circuitry is etched onto these silicon implants. That are then chopped up into chips. That will end up in. Say your computer. Making just one can take six months.

Pat Gelsinger Intel Phoenix Arizona Christine United States
"gelsinger" Discussed on Daily Tech News Show

Daily Tech News Show

03:22 min | 11 months ago

"gelsinger" Discussed on Daily Tech News Show

"The point jack financial services what he said the new businesses called. Tb d. which could be official name or could mean has been named but this is the crypto currency thing. Dr been going on about keeping you up to speed on the government digital currency progress china says more than twenty point eight million individuals have opened a virtual wallet to store its digital one and have made more than seventy point. Seven million transactions for a value of five point three billion. The people's bank of china considers the rnd stage done and will further expand the scope of the trials and foreign residents temporarily. Traveling to china can now open an e. c. n. y. Wallet to meet daily payment needs without having to open a chinese bank accounts all right. Let's talk about that. big intel. Does the wall journal. Sources say intel is interested in buying global foundries. If you don't know them. Global foundries is a major maker of chips for other companies Think tsmc but sadly for global foundries stockholders quite a bit smaller Global foundries owned by the investment arm of the government of abu dhabi and has been considering. Ipo wind contacted by the wall street. Journal's executives told them they're not in discussions with intel themselves. So if these talks are going on the talks are happening at the investor level just directly with the with the owners dmc of course dominates the space but global foundries has about seven percent of the foundry market by revenue that's numbers according to trend force. Amd spun out global foundries. Back in two thousand eight used to be most of his business not so much anymore but it does remain one of its biggest customers with a one point. Six billion dollar multi year supply deal going in place earlier this year. Global foundries has been expanding capacity. They just announced they're going to spend four billion to build a fab in singapore. Meanwhile intel ceo pat gelsinger had said back in march that intel wants to expand its role as a company that makes chips not just for itself but for other companies as well they want to act as a fab. They see that as a alternate way to get revenue until plans to spend twenty billion dollars on new factories in the us. We talked about the arizona site before so getting global foundries would give it a bunch of factories and accelerate intel's plans to become bigger in the fab. Space analyst patrick moorhead til tek wrench that global foundries would bring with it tech that would give them processes for making chips for five g. r. f. iot automotive Which would help intel become a full stack provider making it a little more compelling Dairy nine. I know you have to source chips for for the stuff that you make. Do you have a perspective on the idea of until getting global foundries based on that. I'm curious how it's going to impact us. It has been a nightmare lately. Some of the vendors are asking. Hey what are your twenty twenty three orders because you need to get those in now and so i. I don't see this as something. Impacting me on some of the smaller ship stuff Especially on the on the rif side. But i do see this as like okay. Well this is a big player. Consolidating and getting bigger is that a good thing for the industry. Does this whole back. Potential innovation.

intel china the wall journal Global foundries tsmc Tb pat gelsinger abu dhabi patrick moorhead Amd singapore arizona us
Acer Says It 'Can Only Fill 50% of the Worldwide Demand'

Daily Tech News Show

02:07 min | 1 year ago

Acer Says It 'Can Only Fill 50% of the Worldwide Demand'

"Intel announced two new eleventh gen use series processors at compu- tech's the core. I seven one. One nine five g seven and the i five one five five g seven both have four cores and threads plus z graphics with ninety six execution units for the i seven and eighty execution units for the i five the i seven is the first use series chip able to hit five gigahertz in a single court. Turbo boost with the base clock of two point nine gigahertz. Today is june. First the editorial board of daily tech news show regrets the air acer. Co-ceo tiffany wang said. The company can only fulfil fifty percent of demand on average due to the shortage. Saying the situation won't change until up to q two of two thousand twenty two at compacts intel ceo pat gelsinger said. The chip shortage will quote. Take a couple of years for the ecosystem to address shortages. A foundry capacity substrates and components and gardner issued a report. Saying it believes. This is the most serious point. In the shortage and estimates it will continue until q. Two twenty twenty two alienware announced that the x fifteen gaming laptop will start at two thousand dollars and the seventeen gaming laptop starting at two thousand one hundred dollars. The x fifteen fifteen point nine millimeter thick in some configurations offering up c. Two hundred forty hertz refresh rate screen while the seventeen offers up to eight three hundred sixty hertz refresh rate both offer offer eleven th gen intel core processors and support up to an rtx thirty eighty graphics card uber announced thirty. Three thousand drivers joined it's us platform during the week of may seventeenth increasing active driver hours. Four point four percent over the previous week and marking a new record for drivers since the start of two thousand twenty one who did not say how that number compared to pre pandemic times. My guess is because it didn't compare it very well. Crypto currency exchange quaint base announced that its users can use money from their new coin base cards through apple. Pay and google payne gwen. Baseball automatically convert all crypto to. Us dollars when adding to a customer's queen base card that can then be used for purchases and then received crypto rewards for shopping.

Intel Ceo Tiffany Wang Pat Gelsinger Acer Alienware Gardner Payne Gwen United States Apple Baseball Google
Nvidia to Directly Challenge Intel With Arm-Based Server Chip

CNBC's Fast Money

01:55 min | 1 year ago

Nvidia to Directly Challenge Intel With Arm-Based Server Chip

"For we start off tonight with a semi smackdown the gloves coming off in the battle of the giants. Invidia fires of direct shot at intel. Let's get straight to. Josh lipton with all the details josh so melissa ceo jensen wong is transformed into a true powerhouse. With that companies graphics chips these are processors that generate images and accelerate. Now video plans to make its own servers. Cpu to those are the primary brains in most computing devices in video. Also saying t. That's first quarter. Revenue is tracking above its previous outlook of five point. three billion. And that's doc posted. Its best day here over a month. Some investors clearly saw in announcement as a direct shot at intel with reported twenty six billion in revenue permits data center group in two thousand and twenty. That was a jump eleven percent. that's doctors had. Its worst day since late february. So how bad is this news. Though for pat gelsinger techy. Patrick moore had capturing that his copy still does both certain advantages invidia with his new service is targeting more of a niche market. Patrick says and intel's still the giants dominates about ninety percent of this market. No response from intel on that invidia news. There was also that big one chip summit today remember. President binds infrastructure plan does include fifty billion dollars to the american chip industry. Melissa back to you josh. Quick question on the niche market point. How big is this market. Or how profitable is this to make the such a big deal that they're going after specifically this narrow part of the market. You're going after what it's called the hp hp mortgage so that is a market that would include things like national lab laboratories like los alamos. That's why patrick moorhead. In his point was saying one. These are different. Intel as dominating about ninety percent of that service you market and patrick's point is that intel's focus is different. It's really targeting. More general business uses and cloud providers. But we'll see how it plays out and listen

Intel Invidia Josh Lipton Melissa Ceo Jensen Wong Giants Pat Gelsinger Josh Patrick Moore Patrick Patrick Moorhead Melissa Los Alamos HP
Intel is spending $20 billion to build two new chip plants in Arizona

Mac OS Ken

01:02 min | 1 year ago

Intel is spending $20 billion to build two new chip plants in Arizona

"Yahoo. Finance rendered interview wednesday with intel ceo. Pat gelsinger gilson made news earlier in the week announcing plans. For a couple of chip plants in arizona. Part of their output would be for intel while another part would go toward producing chips for other chip makers say what. Tsmc does for apple with. It's a serious chips and apple. Silicon in fact gelsinger would like for apple to be one of intel's clients. I pointed out here yesterday. That running ads bashing apple was an odd way to try for that business. But gelsinger doesn't seem to see it as odd. He sees it as fun according the ceo. Obviously you've seen some of the competitive energies and chip making resume because there's a lot of great innovation to be done and we haven't seen pc demand this level for a decade and a half. The world needs more of that and they're is competitive fun going on with apple and the mac ecosystem

Gelsinger Pat Gelsinger Gilson Intel Apple Tsmc Yahoo Arizona
Intel stock rallies as CEO Gelsinger announces aggressive manufacturing buildout

CNBC's Fast Money

00:44 sec | 1 year ago

Intel stock rallies as CEO Gelsinger announces aggressive manufacturing buildout

"Shares are up five and a half percent. We've got new details from the call. Josh lipton scott. The details josh so melissa. We're listening to this call new. Co pat gelsinger. His on there. He's now giving guidance. Bring that to you. He says q. One is actually going to exceed the company's prior guidance. He cited strong notebook demand for that guidance for the year as well he did saying his words. Twenty twenty one is going to be transitional year as he says we accelerate trajectory invest in our future and improve execution also mentioned the critical component shores. We talked so much about bottom line for the year. Gelsinger says intel's looking for eps of four dollars and fifty five cents revenue seventy two billion and gross margins of fifty six point five percent an intel stocks surging here in the after

Josh Lipton Scott Pat Gelsinger Melissa Josh Gelsinger Intel
"gelsinger" Discussed on Daily Tech News Show

Daily Tech News Show

02:03 min | 1 year ago

"gelsinger" Discussed on Daily Tech News Show

"Why amazon suspended its contract with parlor panasonic's heads up display for your car. That seems actually useful. And richard guenther brings the smarts. Smart home this is the daily tech news for wednesday january thirteenth. Twenty twenty one in los angeles. I'm tom merritt tantrum studio redwood. i'm sarah lane. Fraud penn central. I'm in salt lake city. I'm scott johnson. I'm the show's producer. Roger chain and as i mentioned richard got there from the digital media zone joining us. Richard good to have you man good to be here. And i am calling in from the outer banks north carolina this week. Wow look at that. So we're spanning the continent all of us are at. Cas technically for sure as we've been saying all week the real wrong We were just talking about home improvement and it strategies for dealing with garbage disposals get that wider conversation on our expanded show. Good day internet become a member patriot. Dot com slash. Dt ns. let's start with a few things. You should intel announced that ceo. Bob swan will step down. Affected february fifteenth after two years on the job. Pat gelsinger ceo. Vm ware and former until cto will take over. As ceo of intel intel executive chairman omar ish rock said that guessing are will lead until transformation from being cpu company to a company that makes multiple kinds of architectures bob swan was previously. Cfo of intel and expertise lied in finance not. Being in december dan loeb's third point hedge fund had encouraged intel's board to explore alternatives. These send a screen captures of every story that titles. This swansong youtube removed a video from the president's campaign youtube channel for violating policies. It did not name. The channel will be prevented from uploading new. Comments are uploading videos for a minimum of seven days. Which would end a january. Nineteenth comments on all videos on the channel have been turned off indefinitely. Amd will begin..

amazon Richard richard guenther youtube bob swan Pat gelsinger richard omar ish rock january los angeles north carolina scott johnson Bob swan sarah lane seven days this week wednesday january thirteenth salt lake city december Nineteenth comments
Intel CEO Bob Swan to step down, VMware CEO Pat Gelsinger to replace him

Daily Tech News Show

00:34 sec | 1 year ago

Intel CEO Bob Swan to step down, VMware CEO Pat Gelsinger to replace him

"Intel announced that ceo. Bob swan will step down. Affected february fifteenth after two years on the job. Pat gelsinger ceo. Vm ware and former until cto will take over. As ceo of intel intel executive chairman omar ish rock said that guessing are will lead until transformation from being cpu company to a company that makes multiple kinds of architectures bob swan was previously. Cfo of intel and expertise lied in finance not. Being in december dan loeb's third point hedge fund had encouraged intel's board to explore

Intel Bob Swan Pat Gelsinger Vm Ware Omar Ish Rock Dan Loeb
Intel Pops, VMWare Drops (For The Same Reason)

MarketFoolery

04:11 min | 1 year ago

Intel Pops, VMWare Drops (For The Same Reason)

"We're going to start with some surprising news from intel. Ceo bob swan is stepping down. In mid february in june of twenty eighteen he was appointed interim ceo of intel in late january of twenty. Nine thousand nine. The interim tag was removed but suffice to say swan has faced a number of challenges over the ensuing two years and he is on his way out. Moving into the corner. Office is pat gelsinger. Who is currently the ceo of vm. Ware and for anyone wondering what. The investing world thinks of all of these moves. Shares of vm. Ware down six percent this morning and shares of intel up eight percent. Yeah so you've got gelsinger who previously had been at intel As the chief technology officer and of course swan came up and was promoted interim and then permanency. Oh having been the cfo. So i think one of the Takeaways that one can take here is that this is perceived to be a technology issue And the solution comes into Comes from technology Not from financial expertise I don't think there's any accusations that that's one wasn't getting the job done from you. Know the numbers point. It's day are falling behind on the technology and it's time to make a change. Yeah i mean you think about everything. That's happened with them. Over the last couple of years we've talked on this show about. Amd continuing to eat into intel's market share. You know apple though. The longtime partnership that intel apple ended after fifteen years. So i understand why shares of intel would be up on bob swan leaving. That said i d. Do you think there's maybe a little like when you take these two together when you take the let's just call it. Fifteen percent difference between the rise in intel and the drop vm. Where do you think it's a little overstated. And the reason. I ask that is because guessing was. Ceo of vm. Ware for eight. Plus years the stock up about thirty percent over the entire. Let's call it eight and a quarter span of his tenure as ceo. So it's not like vm. Ware shares were setting the world on fire under the tenure of pat gelsinger. Yeah i don't know that The world is looking at vm. Ware and saying how they ever replicate What they've been able to accomplish with with anybody else in that role But it may be a look. He's a commodity value enough that intel which despite going not not going nowhere as a stock for twenty years but going down and then most of the way back up. But that's that's what you're talking about twenty years of long-term buy and hold nothingness if you got in sort of at the top back in two thousand and i think that it's fair. Question to ask. Is whether vm. Ware is losing nearly as much as intel is hopefully gaining here I think that they change is being made at all is going to be. Maybe the lion's share of the stock movement today on intel if i had to just wildly guests Through the markets actions. You've got third point having been pushing for changes From intel intel says. It's got nothing to do with that nothing to do with you. Know the pressure. We've been getting from third point. This is this is all independent of that pressure. I don't think that's the case. And i think that Any change is going to going to explain a bump in intel at this point

Intel Ware Pat Gelsinger Ceo Bob Swan Gelsinger Bob Swan VM Swan Apple AMD
How Gene Therapy Helped Conner Run

Short Wave

04:12 min | 1 year ago

How Gene Therapy Helped Conner Run

"Mattie. SAFAI NPR science correspondent. John Hamilton Hi John Hi Mary so John, where would you like to begin I? Think we should start with the scientist. Okay. Let's do it. Okay. So obviously many many scientists have worked to understand this disorder. But today we're gonNA focus on Jude Samal ski back in Nineteen eighty-four and I'll ski was still a graduate student at the University of Florida and he was part of this team that cloned a virus called A V. and those are group of viruses that can infect people but they don't cause diseases. Yeah. I remember I learning about this in Grad School John that discovery was a big deal because basically we can turn these viruses in tools and and that's because viruses on their own are pros at getting into ourselves and getting up close and personal with our DNA, which is exactly where you need to get to treat a lot of genetic disorders at. Their source exactly, and he was one of the scientists who figure that out. So as you these viruses have just revolutionized gene therapy right and after some Oh ski and his team Clone Davie, they wanted to try to use the virus to treat descend muscular dystrophy. That's the genetic disorder you were talking about earlier. Got It. So a lot of these therapies work by kind of targeting gene or genes that are the root of a disorder. So what's The deal with to Sheng muscular dystrophy John Kids who have Sharon. Lack a functional version of gene called D. M. D., and this gene makes a protein called destroyed often that helps muscles stay healthy. Got It. Okay. The idea is if the problem is that someone lack a working gene, you could just give them a working copy of that gene and what's the most wanted to do was packed some of the genetic code from a disrobing gene inside. Right and then once the virus got into the body, it would infect muscle cells, and then that faulty code is replaced with a functional version. Right? smokey says a Aviv, this harmless virus would work. Station service it's a molecular Fedex truck. Carries a genetic payload and it's delivering to its target right but it turns out bring a gene is a little bit harder. Then delivering a package and destroyed gene is especially challenging. One reason is it's is the a the virus are Fedex truck is incredibly tiny even among viruses. It's so small. You need an electron microscope just to see it, and then you have the destroyed gene, which is huge. It's the largest known human gene it contains about five. Hundred Times more genetic code than a so fitting that specific gene into that specific virus would be like trying to get a football stadium into a fedex truck something like that. Yeah, and most he has some other challenges to One is that do sheng affects billions of muscle cells all over the body. So this a delivery truck would have to be programmed to find all of these cells recognize them, and then infect them with this new genetic code. Yeah and some spent fifteen years tackling these challenges he was going along you is making progress he said, but it was coming one small step at a time. This is very challenging. It was mount ever said the gene therapy community in each one of these steps was setting up base camp, but then in nineteen, ninety, nine so mulcahy's work for that matter all gene therapy research pretty much came to a stop. The reason was that a teenager named Jesse. Gelsinger had died in the gene therapy experiment, right? I. Mean I. Remember Learning about that in graduate school in genetics. It was horrible. It was really sad the experiment he was part of had nothing to do with muscular dystrophy or the virus nothing to do with some all skis work, but it didn't matter right gene therapy trials were postponed or abandoned investors disappeared and so did research funding it stopped everything everyone got supercautious everyone except the muscular dystrophy association. The Jerry Lewis Telethon people they continue to push for the advancement of gene

Scientist John Gelsinger John Hamilton John Hi Mary NPR Jerry Lewis Jude Samal Mattie. Grad School Aviv Graduate Student Jesse Mulcahy Sheng D. M. D. University Of Florida John Kids Sharon
"gelsinger" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

02:12 min | 3 years ago

"gelsinger" Discussed on WBZ NewsRadio 1030

"And the little serendipity. Dr Collins was playing in the NIH rock band in two thousand sixteen when his bass player hematologist, Dr John dimsdale started riffing on an idea with finished setting up and went for pizza before that before the gig. I pitch to Francis that it was really time that we do something definitive for sickle cell disease in the laboratory, Dr TIs Dell and his collaborators created a gene with the correct spelling then to get that gene into the patient. The us something with a frightening reputation. HIV the virus that causes aids. It turns out HIV is especially good at transferring DNA into cells. So this shows the process, here's how it works. Corrective gene seen here in yellow is inserted into the HIV virus, then bone marrow stem cells are taken from a patient with sickle cell anemia in the laboratory, those cells are combined with the virus carrying that new DNA this virus will then find its way to one of those cells and drop off a copy or to the correctly spelled, gene. And then B cells will go back to the patient. If the process works, the stem cells with the correct DNA will start producing healthy, red blood cells. I can hear people are viewers out there thinking, wait a second. How do you know, you're not gonna get aids for the HIV virus? The short answer is we cut out the bits that cause infection in HIV, and we really replace that with the gene that's misspelled in sickle cell disease. So that it transfers that instead of the infectious part the stakes here are enormous. Yes. This really very little safety net here, right? Make no mistake. We're talking about very cutting edge research where the certainty about all the outcomes is not entirely there. We can look back at the history of gene therapy and see there have been some tragedies deaths. Yes. In one thousand nine hundred ninety nine eighteen year old Jesse Gelsinger received altered DNA to treat.

HIV Dr Collins Dr John dimsdale Jesse Gelsinger NIH us Dr Francis Dell one thousand nine hundred nine