Following Intel’s disappointing financial results, CEO Pat Gelsinger addressed Bloomberg and Yahoo Finance, openly criticizing the Biden administration for delays in CHIPS and Science Act subsidies. He further condemned recent media speculation on potential Intel acquisitions as “irresponsible rumors,” emphasizing the company’s commitment to independence.
Countries are making significant investments in smart city applications. According to one survey, consumers spend 70% of their time on transportation, making smart traffic management a lucrative opportunity for a variety of firms. Smart parking management systems integrated with charging stations have gained popularity, with businesses such as Acer and Asustek Computer targeting this market through their respective affiliates.
Toshiba Electronic Devices & Storage has set an ambitious target to boost its market share in the global power semiconductor market from the current 3.2% to a double-digit percentage by 2030, according to General Executive Noriyasu Kurihara.
Three months ago, Wall Street punished the world’s largest technology firms for spending enormous amounts to develop artificial intelligence (AI), only to deliver results that failed to justify the costs.