NVIDIA will officially replace Intel as a component of the Dow Jones Industrial Average (DJIA) on November 8

Trump VS Harris, who can bring hundreds of millions of shocks to the chip industry?

CEO Pat Gelsinger pointed out that although the transformation has been achieved, there is still a long way to go before real success, and the challenges in the coming quarters remain severe.

Earnings from Apple, Amazon and Intel reveal major trends in the industry, with growth in cloud computing, iPhone sales and artificial intelligence laying the foundation for these technology giants to compete in 2024.

Traditional powerhouses who did not layout AI tracks early have suffered a wave of cleansing.

Intel plans to sell part of its Altera subsidiary to raise billions of dollars, which marks a major change in the company's strategic positioning.

Intel and AMD announce the joint establishment of an X86 Ecosystem Advisory Group to enhance the compatibility and consistency of the X86 architecture in response to challenges from ARM chips.

At a time when Intel is struggling, there are reports that Qualcomm is in talks with Intel about an acquisition. There is also news that Apollo Global Management has approached Intel with plans to invest billions of dollars in it.

Intel and Amazon have signed a multibillion-dollar long-term deal to make proprietary AI chips for Amazon Amazon Web Services (AWS) and further cement the years-long relationship between the two companies.

Intel has reportedly received a $3.5 billion federal grant to manufacture semiconductors for the U.S. Department of Defense through a "Secure Enclave" program.

Intel executives are working to address the company's cash flow problems to generate blood for the company's future production activities.

Intel is considering selling part of its stake in autonomous driving computing company Mobileye. Its proposed self-rescue plan also includes selling its programmable chip division Altera and possibly selling or splitting its wafer foundry business.

Ryuta Makino, a research analyst at Gabelli Funds, pointed out that NVIDIA's shares have surged 118.08 percent this year, climbing to the world's third-largest company in terms of market capitalization and potentially replacing Intel in the Dow Jones.

Sources say Intel is considering programs including splitting its chip design and foundry business and canceling some of its factory construction projects to address the company's current woes.

It is understood that SoftBank failed to reach an agreement with Intel on the plan to cooperate in the production of AI chips, so it turned to TSMC for foundry.

The Construction Laborers Pension Trust of Greater St. Louis, one of Intel's shareholders, launched a class-action lawsuit against Intel as lead plaintiff on Wednesday, alleging that the company concealed problems with its internal chip-making operations.

Intel announced that the first sample chips based on the 18A process have successfully passed the boot test and successfully started the operating system, showing excellent process yield.。

Recently, Intel's Q2 financial report fell short of market expectations. Additionally, the announcement of large-scale layoffs and the suspension of dividends led to the company's stock price plummeting by over 29%, marking its largest decline in nearly 50 years.

Influenced by several negative factors, Intel shares plunged 10.5%. Other chip stocks were also affected, with AMD and Nvidia shares both falling.

Intel plans to lay off thousands of workers to cut costs and fund recovery programmes designed to meet the challenges of declining market share and diminishing earnings.