Pat Gelsinger is out, but the big questions remain
In context: Intel has been in play since reporting its disastrous June quarter. Despite turning in a decent quarter last month, the writing has been on the wall for several months that Gelsinger was under pressure. That pressure was coming from all directions – customers, partners, employees, and, not least, the Street. After the company reset guidance in July, the consensus across the financial community was that Intel had to be split in two, and increasingly that Gelsinger had to go.
As the world's largest company, Apple also leads in R&D spending
The big picture: The competitive strength of hardware makers is often gauged by their research and development expenditure. However, an analysis of recent financial reports from various tech giants reveals that higher R&D spending does not always guarantee success. Intel's recent struggles and Nvidia's astronomical growth driven by the AI boom have broken conventional assumptions.
Claims of 10-20°C GPU temp drops and 40% less energy use
What just happened? Akash Systems, an Oakland-based startup, has landed a preliminary deal with the US government for major funding under the CHIPS Act. The company, which is developing diamond-based cooling technology for semiconductors, has signed a non-binding memorandum with the Department of Commerce. If finalized, it would net Akash $18.2 million in direct funds and $50 million in federal and state tax credits.