A take on business from Times Square
Sponsored by NYC News Service and CUNY Newmark J-School
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At dawn on a recent November day in New Albany, Ohio, thousands of construction workers dressed in hard hats and bright yellow vests clocked in at their job sites, tasked with turning what was once acres of farmland into a cluster of cutting-edge facilities.
Intel Corp. has set out to streamline its operations in response to economic headwinds that’ve dragged down demand for semiconductors more than it originally anticipated.
While the geopolitical outlook of powerful nations has been influenced by oil as a key asset for decades, semiconductors are shaping up to play a similar role on the global stage for the foreseeable future.
Starting at $329, Intel’s new chip is aimed at gamers on a budget.
Despite billions of dollars for chip plants built in the U.S.
The company stood aside as Nvidia and AMD dominated the market for gamers and digital artists. Now, with its core business hitting a ceiling, Intel is jumping in the ring.
Almost every computer used to have an Intel chip inside. But the company’s persistent manufacturing issues have allowed its rivals to leap ahead.
Nimbler competitors annexing its market share and a series of self-made manufacturing gaffes have left Intel in a precarious position.
The Department of Commerce approved licenses for Intel Corp to sell its technology to China’s Huawei in September, making Intel the first company to receive U.S.
Investors are no longer favoring vertically integrated juggernauts like Intel, instead betting on ‘fabless’ semiconductor firms – companies who design chips but outsource their manufacturing – like Nvidia and AMD.
About the Journal
The Times Square Investment Journal covers companies, markets and personal finance from a newsroom in the heart of Manhattan. The Journal is sponsored by the NYC News Service and the Craig Newmark Graduate School of Journalism at CUNY.
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