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Intel to lay off about 340 employees in the US as economic headwinds continue

Key Insights and Signals in Semiconductor
Layoff
Intel to lay off about 340 employees at California campus
The company cited a “challenging macro-economic environment”, saying it is “focused on identifying cost reductions and efficiency gains through multiple initiatives, including some business and function-specific workforce reductions in areas across the company”. Read More>>
Fabrinet UK: Wiltshire factory to shut with 100 employees set to lose jobs
Approximately 100 jobs at the Calne facility will be impacted by this consolidation. As part of the redundancy program, the company can confirm it will do everything possible to assist the affected employees through the transition and the final closure of the Calne operations, which is presently planned for the end of March. Read More>>
Executive Movement
AMS OSRAM: CEO Alexander Everke leaves, replaced by Aldo Kamper
Everke is stepping down after seven years at the helm of the Austrian company listed on the Swiss Stock Exchange. Aldo Kamper succeeds him, returning to the group from the German automotive supplier Leoni. In his new position as CEO of AMS Osram, he will pursue and develop the company’s strategy. Read More>>
Financial and Market Activity
Allegro MicroSystems Posts 33% Revenue Growth in Q3 Backed by These Segments
Third-quarter net sales grew 33% YoY to USD 248.79 Mn Tuesday, beating the consensus estimate of USD 245.17 Mn. Automotive net sales grew 30.1% year-over-year to USD 170.1 Mn, and Industrial net sales grew by 59.9% year-over-year to USD 51 Mn. Read More>>
SK Hynix posts first loss in 10 years from Memory Chip price drop
South Korean memory chipmaker recorded its first operating loss in ten years during the fourth quarter last year from sluggish demand and the steep drop in the price of memory chips. It recorded USD 6 Bn in revenue and an operating loss of USD 1.3 Bn during the quarter. Net loss also stood at a steep USD 2.7 Bn. Read More>>
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Latest Industry Insights from Draup Braindesk
Hybrid Processor Development
  1. Intel Corporation develops hybrid processors and products that support gamers and content creators with extended memory, high processing speed, and multiple connectivity options to boost performance and bandwidth. 
  2. The company offers its extreme kit and mini pc for customers to extend its services and provide large operating functions with multiple slot facilities and improved graphic features. 
  3. By leveraging socketed system-on-chip processors, Intel Corporation minimizes the workload processing and optimizes the time taken.
AI-Based Connectivity Solutions
  1. With the help of AI-based solutions, Intel Corporation supports customers, vendors, equipment manufacturers, and system integrators to drive their business growth. 
  2. Intel Corporation develops AI-based services to develop products for novel material management, climatic condition analysis, and drug development. 
  3. By deploying AI, Intel Corporation runs applications without servers to create an impact on business strategy and improve connectivity solutions.
Cloud & Autonomous Services
  1. Intel Corporation aims to improve cloud-based infrastructure to protect data on the cloud while enhancing network architecture for secured communications. 
  2. Intel Corporation provides processor functions to deliver infrastructure automation and policy to accelerate customers’ cloud journey. 
  3. Intel Corporation develops kits for automakers to improve autonomous driving system functions while improving solutions for automakers worldwide. 
  4. The company minimizes agricultural work by developing self-drive tractors that reduce the workers’ efforts and are used for repetitive work.

Startup Spotlight

Company – vialytics

Total Funding – 10 Mn

About – vialytics is a system solution for the road maintenance management of municipalities. Their integrated road monitoring system enables municipal administrations to collect data of roads and monitor the results. Predictive Features enrich the user experience by data-matching background processes. Read More>>
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