56.90 -0.17 (-0.30%)
Pre-Market: 9:10AM EST
|Bid||56.71 x 2900|
|Ask||56.89 x 1100|
|Day's Range||56.58 - 57.17|
|52 Week Range||42.86 - 59.59|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||13.36|
|Earnings Date||Jan 22, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||1.26 (2.21%)|
|1y Target Est||56.69|
It’s been four years since chip maker Intel Corp. announced its big diversity initiative, but the company still has a majority population that is male and white or Asian. Intel has released diversity data on its U.S. workforce since 2015. In this year’s report it included data for its global population of 107,000 workers as well as detailed pay data on its U.S. workforce, which is about 51,000 employees.
Intel Corp has hired Gary Patton, who was chief technology officer at semiconductor maker GlobalFoundries, according to an internal Intel memo seen by Reuters on Wednesday. Patton previously spent more than a decade in the chip unit at International Business Machines Corp. Intel, which was known in Silicon Valley for promoting heavily from within, has lured several notable executives from competitors.
(Bloomberg) -- Cisco Systems Inc. has started supplying switch chips to major data-center operators, including Microsoft Corp. and Facebook Inc., opening up a new avenue to win orders from some of its largest networking-equipment customers.Cisco Silicon 1 is a switch semiconductor that’s already being used by Microsoft and Facebook in crucial networking equipment, the companies said Wednesday at an event in San Francisco. San Jose, California-based Cisco is now offering the chips, which it says are the fastest in the industry, to all of its customers, regardless of whether they buy its networking machinery. Previously Cisco’s chips were only available as components of its machines.The shift toward standalone chip sales is another departure from the business model that made Cisco one of the biggest companies in the technology industry. Cisco’s expensive proprietary combinations of hardware and software make up the backbone of much of the internet and corporate networks, and these products generate the bulk of the company’s revenue. The new initiative has the potential to attract business from customers who want to build their own machines instead of buying whole packages. It also puts Cisco in direct competition with its suppliers, Intel Corp. and Broadcom Inc., which also make switch chips that the networking equipment maker uses in some of its products.“From today -- and this is something that some of you never thought we’d do -- some of our customers will buy our silicon and build their own products if that’s what they choose to do,” Chief Executive Officer Chuck Robbins said at the event. “We really want our customers to consume this technology in any way they want.”As the internet infrastructure business moves away from suppliers who provide all the needs through locked-down combinations of hardware and software, Robbins has been pushing Cisco to adapt by becoming a bigger supplier of networking services and software. On his watch, software has risen to provide about 11% of revenue. Hardware still generates more than half of sales.Cisco shares rose less than 1% to $44.24 at 2:02 p.m. in New York. The stock gained 1.8% this year through Tuesday’s close.The move into selling components is an attempt to win orders from the hyperscalers, such as Microsoft, Google and Amazon.com Inc.’s AWS, a group that has increasingly turned away from Cisco’s offerings and equipped their data centers with computers and networking gear designed in house. Those big cloud-computing vendors contribute as little as 2% of Cisco’s total sales, according to Raymond James analyst Simon Leopold.Switch chips perform the crucial function of deciding where packets of data should go in a network of computers. They are designed to handle that task at great speed, and only a few companies have been successful in the market. Broadcom is the biggest provider of this type of chip as an individual component and has as much as 80% share, Leopold said. Intel took a bigger interest in the market in June when it bought startup Barefoot Networks.Cisco’s new offering will combine the attributes of both switch and routing chips, the company said. It’ll be able to move data very quickly and still be programmable, carrying the ability to have its function changed. Routing, directing traffic among networks, is typically conducted by groups of chips that bring other attributes but are unable to direct data fast enough for modern internet traffic loads. One chip providing all of the functions will simplify the operation of networks by eliminating the need for different layers of software, Cisco executives said.Offering up what was previously guarded as a proprietary advantage shows a flexibility at Cisco that has been increasing as Robbins works to transform the company. Analysts predict the build-it-yourself approach to networking, pioneered by the large cloud-service operators, over time will be copied by companies looking to reduce the cost of their data-center spending. That corporate market is one of Cisco’s biggest sources of revenue.Cisco’s equipment, including its chips, is designed by the company and manufactured by a third party, which it hasn’t identified.The company also announced a new router machine at the event, designed to better serve as the backbone for new fifth generation, or 5G, cellular networks. The Cisco 8000 will be based on the new chip. The company also unveiled plans for products that will support faster data transmission speeds over fiber-optic cables. Like the rest of the networking industry, Cisco is positioning itself to be a main provider of equipment for the predicted surge in internet traffic and data created by the proliferation of mobile systems.(Updates with comment from Cisco CEO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
We found three semiconductor stocks with the help of our Zacks Stock Screener that investors might want to consider buying for 2020...
When including the new round of cuts, Nio has laid off 273 Bay Area employees this year, including the closure of its San Francisco office last spring.
In addition to making strong inroads in the desktop CPU market, AMD is also making its presence felt in the sever processor market, according to comments made by Ruth Cotter, AMD's senior vice president of worldwide marketing, at the UBS Global Tech conference, Wccftech reported. AMD first introduced the EPYC server processors in June 2017, based on the Zen microarchitecture. AMD has a 7% share of the server processor market, a far cry from the 26% share it held in mid-2006 following the launch of its Opteron processors, according to Wccftech.
Intel stock has been battered by product missteps, rising competition and a downswing in chip demand. Here is what the fundamentals and technicals say about the chipmaker's shares.
(Bloomberg) -- It’s not really a surprise that white and Asian men dominate the top pay tiers among Intel’s U.S. workforce. That’s been true in the tech industry for years. What’s unusual is the excruciating level of detail about pay disparity the chipmaker is releasing Tuesday to the public—information it could have kept secret.In addition to its annual update on the outlook for women and people of color at the company, Intel on Tuesday released the results of a new report it sent to the U.S. Equal Employment Opportunity Commission that gives unprecedented pay, race and gender data for about 51,000 U.S. workers. Intel is the first company to release the otherwise private data.The results are not flattering. Among 52 top executives at Intel, who all earn more than $208,000—the top pay band the EEOC tracks—29 are white men, 11 are Asian men and 8 are white women. The remaining tally is 1 each for Asian women, Hispanic women, black women and black men, with no Hispanic men among executives in that top tier.The ratio was similarly skewed across manager, professional and technician job classifications, with white and Asian men dominating top pay groups and women and people of color clustered in the lower bands. One in four white men at Intel are in the top salary tier, earning at least $208,000, a higher share than any other group. Rates are far lower for women and underrepresented minorities; less than 10% of black employees are top earners. “It’s difficult to really fix what you aren’t being transparent about,” said Barbara Whye, Intel’s chief diversity and inclusion officer and a vice president in human resources. The chipmaker is making itself “very vulnerable,” she says, to “do the right things,” and she hopes her peers will follow and share pay information, too. “These are industry-wide problems,” Whye said. “They are going to require industry-wide solutions to resolve them.” So far, no other companies have said they’ll do the same. Intel joins a small but growing number of companies that have released gender and racial pay data, often under pressure from investors. The transparency may be laudable, but it is often overshadowed by what is revealed. Annual diversity reports from the biggest tech companies from the last half decade have shown scant progress in advancing the numbers of under-represented workers.Companies that choose to release this kind of information risk backlash. Citigroup this year faced criticism after it voluntarily released median pay data that showed women at the bank earn 29% less than men do.Intel’s report finds that within job types—not just at the top—white men dominate the highest salary band. Two-thirds of employees fall into a job group called “professionals,” which includes includes non-managerial office workers and programmers. Nearly all earn at least $80,000 per year, but white and Asian men have the highest salaries. Black, Hispanic and other minorities are overrepresented in the bottom half of the pay ranges. Even if the numbers look bad, companies will ultimately benefit more from leading on disclosure than they would from dragging their heels, said Natasha Lamb, managing partner at Arjuna Capital, which pressures companies to disclose gender pay data. The point is not to beat up on organizations for telling the truth, she said. “It's much more important to have an accurate reflection of reality than to glaze over the simple truth,” she said. “These companies are not as diverse and equal as they could be.”In 2015, Intel set a goal to have women make up at least 26% of its workforce by 2020. The company met that last year and is working to increase the percentage of women among top executives now to 26%, too, Whye said. Intel says representation among its total U.S. workforce and for technical employees has improved—underrepresented workers make up 15.8% of the company up from 14.6% last year. Women as a percentage of the workforce fell slightly to 26.5% from 26.8%.Intel announced in January that it had met its goal of equal pay for men and women who do the same work. This EEOC data does not measure that.Overrepresentation of white men in the highest-paying jobs contributes to the nation’s wage gap: American women earn 20% less than men do, and the gap is even wider for women of color. Intel’s disclosure shows that these disparities can’t be fixed simply by raising the salaries of women and minorities. Whye said the company’s task is to help underrepresented groups get promoted into more lucrative roles and keep them there. The data provided to the EEOC covered 2017 and 2018 and was collected from nearly all U.S. companies for the first time this fall under an initiative started by President Barack Obama. By law, the forms stay private unless a company makes them public. This could be the only time the EEOC collects worker pay broken down by race, sex and ethnicity, making Intel’s disclosure a unique window into company compensation, and how it results in wage gaps. The agency has been soliciting the data since July and could continue to do so until January under a federal judge’s order. But the EEOC has said it won’t pursue future collections in this form. In the U.K. where companies are required to publicly report wage gaps between male and female workers, the disclosures have shown the benefits and limits of transparency, said Harini Iyengar, a lawyer who advocates for equal pay in Britain. “A lot of members of the public who don't pay an interest generally in labor market issues are quite shocked at the scale of the pay disparity,” she said. “So that's been very positive because people are genuinely shocked.” But so far the nationwide initiative has not resulted in measurable change, she said: “What I'm seeing is collective hand-wringing about, ‘Oh no, this is not good enough. But look everyone else in our industry sectors is in the same boat. So that's all right then.’” (Corrects top executives chart to reflect that values show the total number of executives rather than the share. Updates third paragraph with context about highest paid Hispanic executives. )\--With assistance from Lucy Meakin and Paige Smith.To contact the authors of this story: Jeff Green in Southfield at firstname.lastname@example.orgHannah Recht in New York at email@example.comTo contact the editor responsible for this story: Philip Gray at firstname.lastname@example.org, Rebecca GreenfieldFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
A key former Apple chip executive and the Santa Clara company he founded this year are at the center of an acrimonious legal dispute.
Following a banner day for stocks on the back of strong consumer and employment data last Friday, stocks edged lower Monday as traders renewed their focus on U.S.-China trade negotiations.Source: Provided by Finviz * The S&P 500 dropped 0.32% * The Dow Jones Industrial Average lost 0.38% * The Nasdaq Composite declined 0.40% * Home Depot (NYSE:HD) was by far the best-performing name in the Dow Jones today and the only one to gain more than 1%Trade talks between the U.S. and China are on the clock, and that clock is loudly ticking away. New tariffs on Chinese imports are set to go into effect on Dec. 15. There's impetus for both sides to get a deal done, but data suggest China could use a more sanguine relationship with the U.S. sooner than later."Data showed China's exports fell 1.1% in November, with those to the U.S. tumbling 23%, underscoring why the Asian nation may want to resolve the dispute," reports Bloomberg.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Hot Stocks for 2020's Big Trends Now that the market has digested marquee data points in the form of the November jobs report and the early reading on December consumer sentiment, coupled with the fact that there are no earnings reports of consequence to consider, trade is going to dominate near-term headlines.So until credible reports emerge that a deal is going to be signed by the U.S. and China, or at the very least, the Dec. 15 tariffs will be pushed, investors could be treated to more days like today when just 12 of the Dow's 30 components were higher in late trading. Apple Needs Some Tariff HelpWith trade in focus today, it probably wasn't surprising that Apple (NASDAQ:AAPL), one of the Dow's most trade-sensitive names, was the worst-performing member of the blue-chip index, shedding 1.4%. To be fair to Apple, plenty of U.S. technology companies are levered to the trade talks and could be pinched by the tariffs that could go into effect on Dec. 15.However, shares of Apple performed far worse today than Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC).It's clear why Apple would like the White House to avert the December tariffs: the company's iPhones, iMacs, iPads and AirPods in China. Those are already pricey products and the company would have to pass higher costs onto shoppers in the event of new tariffs.Wedbush analyst Daniel Ives "estimates that a 15% tariff would trim fiscal 2020 profits by about 4%, or around 50 cents a share, if it proceeds as scheduled," reports Barron's.Hope isn't lost for Apple investors. CEO Tim Cook has one of the best, if not the best relationship with President Trump among major technology executives. Help From Home DepotAs noted earlier, home improvement giant Home Depot was the leader of the Dow pack today as some analysts were waxing bullish on the name ahead of the company's Wednesday analyst day."As sentiment sours, we're buyers into analyst day," said Wells Fargo in a note to clients today. "We believe the Analyst Day overhang is peaking, and see opportunities for post-event relief should [fiscal year 2020] commentary prove better than feared."It's also fair to surmise that Home Depot's Monday move higher represents some follow through on last Friday's consumer sentiment and employment reports, which appeared to be good news for consumer cyclical stocks of which Home Depot is one. Goldman Going Robo?Shares of Goldman Sachs (NYSE:GS) lost 1.2%, but there was some news out indicating that the bank could join the expanding ranks of financial services firms that are branching out into the robo advisor business.The new service, assuming it's launched, could focus on clients with just $5,000 in assets and represents Goldman's ongoing effort, one that includes expanding its exchange-traded funds roster, to attract clients beyond the ultra wealthy. Merck MovesAfter closing at its highest levels in nearly two decades last Friday, Dow healthcare name Merck (NYSE:MRK) posted a modest Monday gain on news it's acquiring cancer treatment maker ArQule (NASDAQ:ARQL) for $20 per share in cash. While the deal didn't really move the needle for Merck today -- the stock inevitably ended the day down 0.15% -- Wall Street likes it. * 7 Low-Risk Mutual Funds to Buy Now "Analysts have been quick to comment, with Cantor Fitzgerald calling it smart and strategic and SVB Leerink analyst Jonathan Chang claiming it will be 'unlocking value for investors,'" according to Schaeffer's Investment Research. Bottom Line on the Dow Jones TodayThere are a couple of central bank meetings that could provide some respite from the trade drama, including the Federal Reserve on Wednesday. However, a rate cut is not likely to emerge from this meeting and last Friday's data confirm as much,The European Central Bank (ECB) meets Thursday and for investors engaged with Eurozone equities or ETFs, that meeting could deliver some positive news on the easy money front.Beyond those meetings and barring surprises, market participants will likely be hanging on trade words this week and hopefully that doesn't mean bellicose rhetoric from President Trump on Twitter.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks That Are Still Worth Buying In 2020 * 7 Strong Stocks to Buy That Won Q3 Earnings * 5 Safety Stocks to Buy Without Trade War Exposure The post Dow Jones Today: The Trade Clock Ticks Away appeared first on InvestorPlace.
Chip giant Intel is dealing with challenges of current chip shortages and increased competition to its dominant position in PC and servers, but its researchers have their minds fully on the future. A team within Intel Labs announced a new cryogenic control chip — named Horse Ridge — that is intended to boost the development of quantum computing systems. Quantum computers are a new way of computing that relies on properties of quantum mechanics that enable systems to crunch calculations quicker than the most advanced supercomputers.
Juniper Networks Inc. said Monday it has appointed Raj Yavatkar as chief technology officer with a start date of later this month. Yavatkar was in charge of developing network virtualization infrastructure and products for cloud networking at Google , Juniper said in a statement. The executive has also done stints at VMWare Inc. and Intel Corp. . Yavatkar will replace Bikash Koley, who resigned in November, according to a regulatory filing. Juniper shares were down 1% Monday and have fallen 7.4% in 2019, while the S&P 500 has gained 25%.
Intel Corp. unveiled a chip Monday meant to speed the development of commercially viable quantum computers. Code named "Horse Ridge," the cryogenic control chip is meant to control multiple quantum bits, or qubits, which must be maintained at a few degrees above absolute zero. Unlike traditional bits, which take on a value of either "0" or "1," qubits are considered to be able to exist in multiple states simultaneously in a superimposed quantum state, allowing for more complex calculations. So far, quantum computing has been demonstrated in experimental conditions. "While there has been a lot of emphasis on the qubits themselves, the ability to control many qubits at the same time had been a challenge for the industry," said Jim Clarke, director of quantum hardware at Intel. "Intel recognized that quantum controls were an essential piece of the puzzle we needed to solve in order to develop a large-scale commercial quantum system. That's why we are investing in quantum error correction and controls. With Horse Ridge, Intel has developed a scalable control system that will allow us to significantly speed up testing and realize the potential of quantum computing."
Oracle's (ORCL) fiscal second-quarter results are expected to reflect solid adoption of cloud-based services and latest Autonomous Database.
Intel Corp on Monday announced a chip that it hopes will change that. Quantum computers remain years away from everyday use but have drawn the interest of major technology companies. In October, researchers at Alphabet Inc's Google said they had created a machine that can outpace conventional computers.
The Zacks Analyst Blog Highlights: Microsoft, United Technologies, Procter & Gamble, Walmart and Intel
Intel Labs unveils a new cryogenic control chip. "Horse Ridge" will speed development of full-stack quantum computing systems.