Intel
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Intel hires Tom Lantzsch as SVP and GM of its IoT Group

Intel hires Tom Lantzsch as SVP and GM of its IoT Group

Bigwig chip maker Intel has disclosed in a recent blog post that it has hired former ARM executive Tom Lantzsch as the Senior Vice President and General Manager of its IoT Group.

According to the announcement, Lantzsch will take charge as Intel IoT Group's SVP and GM in January 2017.

Intel's hiring of Lantzsch - who most recently was the Executive Vice President of Strategy at Intel's rival ARM - is an indication of the fact that the company has persistent efforts underway to fortify its Internet of Things (IoT) business.

Intel is reportedly readying its third round of layoffs in past 18 months

Intel is reportedly readying its third round of layoffs in past 18 months

Online journal TechCrunch has disclosed in a recent report that chip maker Intel will likely announce another round of job cuts in the near future. The projected layoff move by Intel will mark the company's third round of layoff in the last 18 months.  

According to the TechCrunch report, citing "sources close to Intel", the impending round of layoffs to be announced by Intel is apparently a result of the company's lackluster performance in its embryonic wearables business.

Intel introduced new VR reference design --- ‘Project Alloy’

Intel introduced new VR reference design --- ‘Project Alloy’

During the course of its Keynote at the IDF event ion Tuesday, chip giant Intel announced a new virtual reality (VR) reference design called 'Project Alloy.'

Intel's new Project Alloy VR headset, which was demonstrated on stage by Intel at the IDF event, essentially underscores a wireless system which, as per the company, contains all the things which are needed by the users to immerse in a VR experience without extraneous components.

Intel is acquiring deep-learning startup Nervana Systems

Intel is acquiring deep-learning startup Nervana Systems

On Tuesday, chip giant Intel revealed in an announcement that it is acquiring California-based deep-learning startup Nervana Systems. The acquisition will apparently help Intel gain some of the lost ground in the artificial intelligence (AI) arena, which currently is one of the newest trends in the tech sector.

The financial terms of Intel's acquisition of Nervana Systems have not been officially disclosed, but the value of the deal is estimated to be more than $350 million.

Intel’s Global Job Cuts will Affect 784 Employees In Oregon

Intel’s Global Job Cuts will Affect 784 Employees In Oregon

Recently Intel had announced that the company will trim 12,000 jobs this year. In Oregon, the company will lay off 784 workers. In a letter on Monday, Intel informed the state about its plans.
 

Qualcomm’s Top Executive Renduchintala Joins Intel; Will Run Its PC, IOT and Software Businesses

Qualcomm’s Top Executive Renduchintala Joins Intel; Will Run Its PC, IOT and Software BusinessesIt's a common thing with companies poaching top executives in tech businesses and chip makers so, when Venkata Renduchintala joined Intel it did was not too shocking though a little unexpected. Until very recently, Renduchintala was a top executive with Qualcomm and now he will run the PC, mobile, IoT and software businesses of Intel.

Intel Cut Its Forecast for Data Center Business

Intel Cut Its Forecast for Data Center BusinessIntel Corp, the largest chipmaker in the world trimmed its forecast for revenue growth due to reduction in spending by businesses in the wake of weaker macro-economic growth.

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