Intel stock declines by 6% as it updates chip manufacturing plans

Intel stock declined by 6% after it gave investors an update about its turnaround plan to become a chip manufacturing firm competing with the Taiwan Semiconductor Manufacturing Company. Intel’s Chief Financial Officer David Zinsner explained how Intel would soon change the way it reports its financial results to give its foundry business, IFS, its own profit-and-loss…

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USA and India Set to Declare Multiple Deals Spanning AI, Defense, and Chips

The USA and India will announce multiple defense and technology collaborations during Indian Prime Minister Narendra Modi’s state visit to the USA as reported by the USA officials. Modi is on his maiden state visit to the USA. From deepening defense or military ties to increased collaboration on technology and diversification of supply chains, senior…

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