US to award billions of dollars in subsidies to companies including Intel  and TSMC  for building new factories

Intel shed about $24.9 billion in market value, based on Friday's closing price of $43.65

Recognised for premiering innovative consumer technology on the global stage, the Consumer Electronics Show (CES) stands as one of the most influential tech events worldwide. This year, held from January 9 to 12 in Las Vegas, USA, CES 2024 has already showcased a variety of unique gadgets. Here are some of the coolest gadgets that caught our eyes in CES 2024 so far.

Intel Chief Executive Pat Gelsinger on Thursday said the company has no plans to spin out its contract chip manufacturing business

Since introducing a performance hybrid architecture, Intel has consistently raised the bar for desktop performance. The latest Intel desktop processors offer higher frequencies, better performance for single and multi-threaded tasks, and industry-leading overclocking capabilities.

American chip-making giant Intel recently announced that it will increase prices on a majority of its microprocessors and peripheral chip products later this year.

During its Computex 2016 keynote address Intel showed that its future lies in offering consumers and companies more bang for their bucks, with its most efficient, affordable Apollo Lake processors or its first ever 10-core processors built for ‘mega-tasking gamers and filmmakers.

Intel is cutting 12,000 jobs — about 11 percent of its workforce — as it reorganizes to confront a decline in sales of personal computers.

Intel launches its latest range of processors; codenamed Skylake, targeting everything from high-powered gaming rigs to computers the size of a USB stick and smartphones.

The US government has refused to let Intel help China update the world's biggest supercomputer due to concerns about its nuclear research.