Intel Corporation today announced the resignation of Brian Krzanich as CEO and a member of the board of directors. The board has named Chief Financial Officer Robert Swan interim chief executive officer, effective immediately.

Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee. An ongoing investigation by internal and external counsel has confirmed a violation of Intel's non-fraternization policy, which applies to all managers. Given the expectation that all employees will respect Intel's values and adhere to the company's code of conduct, the board has accepted Mr. Krzanich's resignation.

Intel Corporation today reported first-quarter 2018 financial results. "Coming off a record 2017, 2018 is off to a strong start. Our PC business continued to execute well and our data-centric businesses grew 25 percent, accounting for nearly half of first-quarter revenue," said Brian Krzanich, Intel CEO. "The strength of Intel's business underscores my confidence in our strategy and the unrelenting demand for compute performance fueled by the growth of data."

"Compared to the first-quarter expectations we set in January, revenue was higher, operating margins were stronger and EPS was better," said Bob Swan, Intel CFO. "Our data-centric strategy is accelerating Intel's transformation, and we're raising our earnings and cash flow expectations for the year." In the first quarter, the company generated approximately $6.3 billion in cash from operations, paid dividends of $1.4 billion and used $1.9 billion to repurchase 41 million shares of stock.

Intel Corporation today reported full-year and fourth-quarter 2017 financial results. The company also announced that its board of directors has approved an increase in its cash dividend to $1.20 per-share on an annual basis, a 10 percent increase. The board also declared a quarterly dividend of $0.30 per-share on the company's common stock, which will be payable on March 1 to shareholders of record on February 7.

"2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric businesses," said Brian Krzanich, Intel CEO. "The strategic investments we've made in areas like memory, programmable solutions, communications and autonomous driving are starting to pay off and expand Intel's growth opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers."

"The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. "Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."

Intel CEO Brian Kzarnich announced on Monday to its employees that as part of the company's continued strife towards better communication and consideration of its customers, the creation of a new internal group was necessary. The move comes after considerable media and tech industry turmoil after news broke out on Intel's 10-year product stack being almost completely vulnerable to some specific exploits. The Intel Product Assurance and Security group will be headed by Intel HR chief Leslie Culbertson, who will have on her team the former Vice President and General manager of Intel's New Technology Group, Josh Walden, who was, alongside Steve Smith, Intel Vice President and General Manager of its Data Center Engineering group, pulled from his current functions to work under Culbertson.

"It is critical that we continue to work with the industry, to excel at customer satisfaction, to act with uncompromising integrity, and to achieve the highest standards of excellences," Krzanich told employees in a memo Monday, obtained by The Oregonian/OregonLive. "Simply put, I want to ensure we continue to respond appropriately, diligently, and with a customer-first attitude."

Today at the 2018 Consumer Electronics Show in Las Vegas, Intel announced two major milestones in its efforts to research and develop future computing technologies including quantum and neuromorphic computing, which have the potential to help industries, research institutions and society solve problems that currently overwhelm today's classical computers.

During his keynote address, Intel CEO Brian Krzanich announced the successful design, fabrication and delivery of a 49-qubit superconducting quantum test chip. The keynote also noted the promise of neuromorphic computing.

The news and details on Intel's most recent chip flaw have been coming in almost faster than news outlets can put them out, and it just seems that the company is going through a phase where news are seldom good. New information has come to light that paint Intel CEO's Brian Krzanich's sale of $24M worth of stocks in November 24th in a negative spotlight, euphemisms be allowed. We (meaning, this editor) previously dismissed the share sale as a pre-planned event that didn't show any kind of shady wrongdoing in the face of news breaking out regarding Intel's VM security flaw. However, it seems as if it pays off to be negative rather than positive in the world at large, and the skeptic in me is saying "serves you right".

Intel CEO Brian Krzanich said in a memo to Intel employees that the company would be taking more risks in the future. Further, the 2013-anointed CEO said that the company will center its growth strategy on data, not just computing "(...) memory, FPGAs, IOT, artificial intelligence, autonomous driving. Anything that produces data, anything that requires a lot of computing, the vision is, we're there."

The Intel CEO also mentioned the company's financial outlook and growth of recent times, with the increased focus on those same data-hungry fields have led to company to achieve an almost 50/50 ratio in income divided by both PC and all other Intel growth areas. Intel's recent acquisitions of Nervana, Mobileye and Altera, just to name a few, have been some of the more evident of these, but the company has also been picking up slightly smaller companies as well. These all sound well and good - and we all know the consumer PC market hardly makes up for most of Intel's revenue streams, but here's hoping this means increased risks and innovation in this space as well. Unless increasing computing cores on consumer processors by two units across the product stack is an immense show of risk-taking from the company, in which case: bravo. Read on for the Intel CEO's memo in its entirety, right after the break.

Today, Intel launched a fundraising effort on Charitybuzz to benefit the Second Harvest Food Bank of Santa Clara and San Mateo counties. The company is auctioning a VIP experience at the 2018 Consumer Electronics Show in Las Vegas including travel, deluxe lodging and a backstage meet and greet with Intel CEO Brian Krzanich before his opening keynote on Jan. 8, 2018.

"CES is an incredible show for anyone interested in the future of technology, and I'm really excited to share a VIP CES experience while raising money for a great cause," Krzanich said. "The top bidder will be my guest at the show and get exclusive access to our opening keynote, exhibit space and more."

UPDATE: Some slides have surfaced today on Reddit that actually place Intel's updated 10 nm roadmap as starting initial risk production in 2Q 2018. The same leaks also point towards a yearly advancement in process technology (akin to Intel's current 14 nm+ and 14 nm++ production processes), with 10 nm+ risk production on 1Q 2019 and 10 nm++ on 1Q 2020. This roadmap, however, is relative to Intel's Custom Foundry partners; as such, this doesn't go directly against Intel CEO's Brian Kzarnich remarks on the latest investor call, since he was likely talking about the 10 nm ramp-up on Intel's own products.

Intel CEO Brian Krzanich has come out to say that the company's first 10 nm CPUs based on the "Cannon Lake" micro-architecture will see the light of day before this year's end. Intel has been having a slew of ramp-up delays with its 10 nm products, which prompted a slippage from an expected 2016, full-scale launch (whose ship has sailed, clearly) towards a timed, product-tier based strategy. Intel opted to first introduce 10 nm technology to FPGA accelerators, which due to their redundancy, would suffer less from yield issues.

Intel Corporation today reported third-quarter 2017 financial results. "We executed well in the third quarter with strong results across the business, and we're on track to a record year," said Brian Krzanich, Intel CEO. "I'm excited about our progress and our future. Intel's product line-up is the strongest it has ever been with more innovation on the way for artificial intelligence, autonomous driving and more." "In the third quarter, we delivered record earnings, exceeded our EPS expectations, and increased our profit expectations for the full year," said Bob Swan, Intel CFO. "We feel great about Intel's transformation and where we are nine months into our three year plan." In the third quarter, the company generated approximately $6.3 billion in cash from operations, paid dividends of $1.3 billion, and used $1.1 billion to repurchase 31 million shares of stock.

In the third quarter, Intel saw strength across the business. The data center, Internet of Things and memory businesses all achieved record quarterly revenue, and Intel extended its performance leadership with the launches of 8th Gen Intel Core and Intel Xeon Scalable processors. Intel's FPGA business, the Programmable Solutions Group, is experiencing strong momentum, winning designs with automotive and cloud service provider customers that advance Intel's position in artificial intelligence. The company also furthered its autonomous driving efforts with exciting customer wins and the completion of the Mobileye tender offer, four months earlier than expected.

Intel Corporation today announced that the company's former CEO Paul Otellini passed away in his sleep Monday, Oct. 2, 2017, at the age of 66. Paul Otellini became Intel's fifth chief executive officer in 2005. Under his leadership the company made important strategic, technological and financial gains. These included transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession.

Other accomplishments included signing on notable new customer engagements, such as winning the Apple PC business, and business partnerships and strategic acquisitions that expanded Intel's presence in security, software and mobile communications. On the financial front, Intel generated more revenue during his eight-year tenure as CEO than it did during the company's previous 45 years. In the last full year before he was named CEO, Intel had $34 billion in sales; by 2012, the number had grown to $53 billion.

The following is an opinion editorial provided by Brian Krzanich, chief executive officer of Intel Corporation. At Intel, we have an optimistic and pragmatic view of artificial intelligence's (AI) impact on society, jobs and daily life that will mimic other profound transformations - from the industrial to the PC revolutions. Our belief is that AI will bring significant new opportunities to transform business - from retail to healthcare to manufacturing - and have an immensely positive impact on society.

AI will make the impossible possible: advancing research on cancer, Parkinson's disease and brain disorders; helping to find missing children; and furthering scientific efforts in climate change, space exploration and oceanic research. To drive AI innovation, Intel is making strategic investments spanning technology, R&D and partnerships with business, government, academia and community groups. We are deeply committed to unlocking the promise of AI: conducting research on neuromorphic computing, exploring new architectures and learning paradigms. We have also invested in startups like Mighty AI, Data Robot and Lumiata through our Intel Capital portfolio and have invested more than $1 billion in companies that are helping to advance artificial intelligence.

In an email today, Intel CEO Brian Krzanich announced changes to the company's leadership team: "Today I'm writing to share two important leadership transitions on our executive leadership team. Diane Bryant has made the difficult decision to take a leave of absence from Intel to tend to a personal family matter. She is stepping away for the next six to eight months. Given the extended duration, an interim leader for the Data Center Group (DCG) is not possible. As a result, I have asked Navin Shenoy to take the position of general manager of DCG.

DCG is a central part of our transformation and corporate strategy to make Intel the driving force of the data revolution. Over the past five years, Diane has transformed DCG from a server-centric group to a business that spans servers, network and storage across all end-user segments, and with product lines and business models that extend beyond the traditional. DCG's leading products and strategies - driving industry transformations' to pervasive cloud computing, virtualization of network infrastructure, and adoption of artificial intelligence solutions - have positioned the business to be the growth driver for Intel. I want to thank Diane for her outstanding leadership and I will announce her next role upon her return.

Intel Corporation today reported first-quarter revenue of $14.8 billion, up 8 percent year-over-year on a GAAP basis and 7 percent on a non-GAAP basis. Operating income was $3.6 billion, up 40 percent year-over-year, and non-GAAP operating income was $3.9 billion, up 20 percent. EPS was 61 cents, up 45 percent year-over-year, and non-GAAP EPS was 66 cents, up 22 percent.

The company also generated approximately $3.9 billion in cash from operations, paid dividends of $1.2 billion, and used $1.2 billion to repurchase 35 million shares of stock. Intel's board of directors has approved a $10 billion increase to Intel's share buyback program, which brings the amount currently available for future buybacks to approximately $15 billion.

Intel and Mobileye announced on March 13 that they have entered into a definitive agreement pursuant to which Intel will acquire Mobileye. Under the terms of the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing a fully-diluted equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.

The acquisition will couple the best-in-class technologies from both companies, including Intel's high-performance computing and connectivity expertise and Mobileye's leading computer vision expertise to create automated driving solutions from the cloud through the network to the car.

Intel has agreed to purchase a 15 percent ownership stake in HERE, a global provider of digital maps and location-based services, from HERE's current indirect shareholders: AUDI AG, BMW AG and Daimler AG. In conjunction with Intel's acquisition of a stake in HERE, the two companies also signed an agreement to collaborate on the research and development of a highly scalable proof-of-concept architecture that supports real-time updates of high definition (HD) maps for highly and fully automated driving. Additionally, the two companies plan to jointly explore strategic opportunities that result from enriching edge-computing devices with location data.

"Cars are rapidly becoming some of the world's most intelligent, connected devices," said Brian Krzanich, Intel CEO. "We look forward to working with HERE and its automotive partners to deliver an important technology foundation for smart and connected cars of the future." "A real-time, self-healing and high-definition representation of the physical world is critical for autonomous driving, and achieving this will require significantly more powerful and capable in-vehicle compute platforms," said Edzard Overbeek, HERE CEO. "As a premier silicon provider, Intel can help accelerate HERE's ambitions in this area by supporting the creation of a universal, always up-to-date digital location platform that spans the vehicle, the cloud and everything else connected."

Intel Corporation today announced a range of new products, technologies and investments from the edge to the data center to help expand and accelerate the growth of artificial intelligence (AI). Intel sees AI transforming the way businesses operate and how people engage with the world. Intel is assembling the broadest set of technology options to drive AI capabilities in everything from smart factories and drones to sports, fraud detection and autonomous cars.

At an industry gathering led by Intel CEO Brian Krzanich, Intel shared how both the promise and complexities of AI require an extensive set of leading technologies to choose from and an ecosystem that can scale beyond early adopters. As algorithms become complex and required data sets grow, Krzanich said Intel has the assets and know-how required to drive this computing transformation. In a blog Krzanich said: "Intel is uniquely capable of enabling and accelerating the promise of AI. Intel is committed to AI and is making major investments in technology and developer resources to advance AI for business and society."

Delivering his keynote address at the LA Auto Show's AutoMobility conference, Brian Krzanich, Intel Corporation chief executive officer, today announced that Intel Capital is targeting more than $250 million of additional new investments over the next two years to make fully autonomous driving a reality. This is the first time Intel is keynoting at an automotive conference, signifying how critical the automotive market has become for the company.

These investments will drive the development of technologies that push the boundaries on next-generation connectivity, communication, context awareness, deep learning, security, safety and more. Drilling down into the areas that will be fueled by the fresh investments, Krzanich highlighted technologies that will drive global Internet of Things (IoT) innovation in transportation; areas where technology can directly mitigate risks while improving safety, mobility, and efficiency at a reduced cost; and companies that harness the value of the data to improve reliability of automated driving systems.

Intel Corporation today reported third-quarter GAAP revenue of $15.8 billion, operating income of $4.5 billion, net income of $3.4 billion and EPS of 69 cents. Intel reported non-GAAP operating income of $5.1 billion, net income of $3.9 billion and EPS of 80 cents. The company generated approximately $5.8 billion in cash from operations, paid dividends of $1.2 billion, and used $457 million to repurchase 13 million shares of stock.

"It was an outstanding quarter, and we set a number of new records across the business," said Brian Krzanich, Intel CEO. "In addition to strong financials, we delivered exciting new technologies while continuing to align our people and products to our strategy. We're executing well, and these results show Intel's continuing transformation to a company that powers the cloud and billions of smart, connected devices."

Intel Corporation and TPG today announced a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The new company will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at approximately $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business.

Through this transaction, TPG, a leading global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out investments, and Intel, a global technology leader that powers the cloud and billions of smart, connected computing devices, will work together to position McAfee as a strong independent company with access to significant financial, operational and technology resources. With the new investment from TPG and continued strategic backing of Intel, the new entity is expected to capitalize on significant global growth opportunities through greater focus and targeted investment.

Intel Corporation today announced a restructuring initiative to accelerate its evolution from a PC company to one that powers the cloud and billions of smart, connected computing devices. Intel will intensify its focus in high-growth areas where it is positioned for long-term leadership, customer value and growth, while making the company more efficient and profitable.

The data center and Internet of Things (IoT) businesses are Intel's primary growth engines, with memory and field programmable gate arrays (FPGAs) accelerating these opportunities - fueling a virtuous cycle of growth for the company. These growth businesses delivered $2.2 billion in revenue growth last year, and made up 40 percent of revenue and the majority of operating profit, which largely offset the decline in the PC market segment.

Intel Corporation today reported full-year revenue of $55.4 billion, operating income of $14.0 billion, net income of $11.4 billion and EPS of $2.33. The company generated approximately $19.0 billion in cash from operations, paid dividends of $4.6 billion and used $3.0 billion to repurchase 96 million shares of stock.

For the fourth quarter, Intel posted revenue of $14.9 billion, operating income of $4.3 billion, net income of $3.6 billion and EPS of 74 cents. The company generated approximately $5.4 billion in cash from operations, paid dividends of $1.1 billion, and used $525 million to repurchase 17 million shares of stock.

Intel Corporation today announced that it has completed the acquisition of Altera Corporation ("Altera"), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel's leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments.

"Altera is now part of Intel, and together we will make the next generation of semiconductors not only better but able to do more," said Brian Krzanich, Intel CEO. "We will apply Moore's Law to grow today's FPGA business, and we'll invent new products that make amazing experiences of the future possible - experiences like autonomous driving and machine learning."

Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara. Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera's many products, including FPGA, ARM-based SoC and power products. In addition to strengthening the existing FPGA business, PSG will work closely with Intel's Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.

At the Oracle OpenWorld conference, Intel took the opportunity to show off its latest implementation of the revolutionary 3D XPoint memory technology, which aims to replace NAND flash as the staple high-performance solid-state storage technology; offering exponential gains in density and performance. Optane, codename for Intel's upcoming 3D XPoint SSD based on conventional storage interfaces (PCIe M.2, U.2, PCIe add-on card) and the modern NVMe protocol; was demoed on Oracle's X5-2 series 1U server, where it clocked 4.42 times the random access performance, and 6.44 times better latency, than the fastest NAND flash based SSD in those form-factors. Optane promises 7.13 times the throughput when used with Oracle software.

That was only part of the presentation. The other being an audacious new contraption, a prototype 3D XPoint based SSD in the DDR4 DIMM form-factor. Intel envisions high-capacity SSD storage to eliminate most system-level bottlenecks, and talk directly to the processor's integrated memory controller. System builders will be able to combine DDR4-DRAM memory modules with Optane DIMM modules over vacant channels, and end up with the lowest possible latency storage interface. According to Intel CEO Brian Krzanich, Optane DIMM modules will be the closest that storage will have ever gone to the performance levels of DRAM, and should greatly accelerate in-memory database implementations.

Intel co-founder Gordon Moore's claim that transistor counts in microprocessors can be doubled with 2 years, by means of miniaturizing silicon lithography is beginning to buckle. In its latest earnings release, CEO Brian Krzanich said that the company's recent product cycles marked a slowing down of its "tick-tock" product development from 2 years to close to 2.5 years. With the company approaching sub-10 nm scales, it's bound to stay that way.

To keep Moore's Law alive, Intel adopted a product development strategy it calls tick-tock. Think of it as a metronome that give rhythm to the company. Each "tock" marks the arrival of a new micro-architecture, and each "tick" marks its miniaturization to a smaller silicon fab process. Normally, each year is bound to see one of the two in alternation.