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March 12 2015

Chip Shot: Intel Extreme Masters Supports Women in Gaming

Today marked the beginning of the World Championship for international eSports gaming tournament Intel Extreme Masters, in Katowice, Poland. Sunday will also feature the finals of Intel Challenge Katowice, with four women’s teams competing from the initial pool of 50. Announced at last week’s Game Developers Conference, Intel is now the lead sponsor for the North America female team finalists, Ubinited. Team captain Stephanie Harvey will also participate in a panel to discuss women in e-sports on Saturday at 2pm CET. You can catch all the action from Intel Extreme Masters and Intel Challenge Katowice, including the women in eSports panel, streamed live on Twitch.tv.

March 12 2015

Intel Lowers First-Quarter Revenue Outlook

SANTA CLARA, Calif., March 12, 2015 — Intel Corporation today announced that first-quarter revenue is expected to be below the company’s previous outlook. The company now expects first-quarter revenue to be $12.8 billion, plus or minus $300 million, compared to the previous expectation of $13.7 billion, plus or minus $500 million.

The change in revenue outlook is a result of weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. The company believes the changes to demand and inventory patterns are caused by lower than expected Windows XP* refresh in small and medium business and increasingly challenging macroeconomic and currency conditions, particularly in Europe.

The data center business is meeting expectations.

The company is forecasting the mid-point of the gross margin range to remain at 60 percent, plus or minus a couple of percentage points, as lower PC unit volume is offset by higher platform average selling prices. Expectations for R&D and MG&A spending and depreciation in the first quarter remain unchanged.

All other expectations have been withdrawn and will be updated with the company’s first-quarter earnings report on April 14.

Business Outlook

Intel’s updated Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after March 12.

Status of Business Outlook

Intel’s updated Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The updated Business Outlook will be effective through the close of business on March 13 unless earlier updated. Intel’s Quiet Period will start from the close of business on March 13 until publication of the company’s first-quarter earnings release, scheduled for April 14. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Risk Factors

The above statements and any others in this release that refer to plans and expectations for the first quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be important factors that could cause actual results to differ materially from the company’s expectations.

  • Demand for Intel’s products is highly variable and could differ from expectations due to factors including changes in business and economic conditions; consumer confidence or income levels; customer acceptance of Intel’s and competitors’ products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.
  • Intel’s gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; and product manufacturing quality/yields. Variations in gross margin may also be caused by the timing of Intel product introductions and related expenses, including marketing expenses, and Intel’s ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, which may result in restructuring and asset impairment charges.
  • Intel’s results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates. Results may also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, which could be changed without prior notice.
  • Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term.
  • The amount, timing and execution of Intel’s stock repurchase program could be affected by changes in Intel’s priorities for the use of cash, such as operational spending, capital spending, acquisitions, and as a result of changes to Intel’s cash flows or changes in tax laws.
  • Intel’s expected tax rate is based on current tax law and current expected income and may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments, interest rates, cash balances, and changes in fair value of derivative instruments.
  • Product defects or errata (deviations from published specifications) may adversely impact our expenses, revenues and reputation.
  • Intel’s results could be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
  • Intel’s results may be affected by the timing of closing of acquisitions, divestitures and other significant transactions.

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent reports on Form 10-K and Form 10-Q.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com, and about Intel’s conflict-free efforts at conflictfree.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

March 11 2015

Chip Shot: Google Unveils the New Chromebook Pixel, Powered by 5th Gen Intel Core Processors

Chromebook_Pixel_lr.jpgToday, Google unveiled the new Chromebook Pixel, a precision-engineered device featuring 5th Gen Intel Core i5 or Core i7 processors for ultimate performance and designed to drive Chromebook platform innovation. The Pixel features 4K video output, a hi-res touch display, a newly designed backlit keyboard and up to 12 hours of battery life. The Pixel is one of the first devices with USB Type-C, a single connector for power, data and display developed by the USB Implementer’s Forum, of which Intel is a co-chair. With 30+ designs, Intel is the leader in Chrome OS-based systems. For more information on pricing and availability, visit the Google Store.

March 10 2015

Teen Geniuses Win Top Honors and Science Glory at Intel Science Talent Search 2015

Three High School Seniors Each Take Home Awards of $150,000 from Nation’s Highest-Awarding Science Competition

NEWS HIGHLIGHTS

  • Noah Golowich, Andrew Jin and Michael Hofmann Winer each received first-place awards of $150,000 at the Intel Science Talent Search 2015, a program of Society for Science & the Public.
  • The top winners and other finalists from across the United States took home awards totaling more than $1 million.
  • The Intel Science Talent Search, the nation’s oldest and most prestigious pre-college science and math competition, recognizes 40 high school seniors who are poised to create new technologies and solutions that will positively impact people’s lives.

Intel STS 2015 Winners

Intel Science Talent Search first place winners (left to right) Noah Golowich (Mass.), Andrew Jin (Calif.) and Michael Winer (Md.) each took home $150,000. Photo credit: Chris Ayers/Intel

STS_Logo.png

Intel Science Talent Search 2015

WASHINGTON, D.C., March 10, 2015 – America’s most promising young scientists were celebrated tonight in the nation’s capital as they received more than $1 million in awards from Intel Corporation. These scientists are the winners of the Intel Science Talent Search, the nation’s most prestigious pre-college science and math competition and a program of Society for Science & the Public (SSP).

Starting this year, the Intel Science Talent Search tripled the top awards to further recognize finalists and highlight the variety of research conducted. In place of the previous grand prize of $100,000, three first-place Medal of Distinction awards of $150,000 were presented to students who showed exceptional scientific potential in three categories: Basic Research, Global Good, and Innovation.

Noah Golowich, 17, of Lexington, Massachusetts, won the First Place Medal of Distinction for Basic Research, which recognizes finalists who demonstrate exceptional scientific potential through depth of research and analysis. Noah developed a proof in the area of Ramsey theory, a field of mathematics based on finding types of structure in large and complicated systems. He is the captain of his high school math team, plays for his high school tennis team and plays jazz piano in his spare time.

Andrew Jin, 17, of San Jose, California, won the First Place Medal of Distinction for Global Good, which rewards finalists who demonstrate great scientific potential through their passion to make a difference. Andrew developed a machine learning algorithm to identify adaptive mutations across the human genome. By analyzing massive public genomic datasets, his system discovered more than 100 adaptive mutations related to immune response, metabolism, brain development and schizophrenia in real DNA sequences. Understanding the genetic causes of these diseases is an important first step toward developing gene therapies or vaccines. Andrew is an accomplished pianist who has performed at Carnegie Hall.

Michael Hofmann Winer, 18, of North Bethesda, Maryland, won the First Place Medal of Distinction for Innovation, which celebrates finalists who demonstrate the problem-solving aptitude of an engineer through innovative design and creativity. Michael studied how fundamental quasi-particles of sound, called phonons, interact with electrons. His work could potentially be applied to more complex atomic structures such as superconductors. Michael was a silver medalist at the 2014 International Physics Olympiad, where he was the top-scoring U.S. student on the theoretical exam.

“A solid foundation in science, technology, engineering and math creates the critical talent corporations and startups need to drive their business and contribute to economic development,” said Renee James, president of Intel Corporation. “We hope this program will encourage other young people to become the next generation of scientists, inventors and engineers.”

In addition to the top awards, three second-place winners received awards of $75,000 and three third-place winners received awards of $35,000.

Second Place:
Brice Huang, 17, of Princeton Junction, New Jersey, won the Second Place Medal of Distinction for Basic Research. Brice extended previous mathematical research on power ideals – linear functions of variables raised to some power – and was able to calculate the power ideal’s series of dimension for a larger class of ideals than has previously been possible.

Kalia D. Firester, 17, of New York City, won the Second Place Medal of Distinction for Global Good. Kalia studied how a protein produced by nematodes, which are crop-destroying parasites, interacts with a plant’s cells and defenses. Her research may contribute to engineering natural immunity to repel a pest that costs global agriculture $100 billion annually.

Saranesh (Saran) Thanika Prembabu, 17, of San Ramon, California, won the Second Place Medal of Distinction for Innovation. Saran studied how varying the layers of lead titanate and strontium ruthenate in nanocrystal superlattices can affect their electrical and magnetic properties, which could be harnessed for a variety of electrical and computing applications.

Third Place:
Shashwat Kishore, 18, of West Chester, Pennsylvania, won the Third Place Medal of Distinction for Basic Research. Shashwat’s math project focused on representing abstract algebras using matrices. His work developed a new relationship between these matrices and topology.

Anvita Gupta, 17, of Scottsdale, Arizona, won the Third Place Medal of Distinction for Global Good. Anvita used machine learning to “teach” a computer to identify potential drugs for cancer, tuberculosis and Ebola. Preclinical trials are already underway in China on the tuberculosis drugs that she identified.

Catherine Li, 18, of Orlando, Florida, won the Third Place Medal of Distinction for Innovation. Catherine developed a new fiber-based method of fabricating microscopic particles designed for drug delivery, with potential applications in personalized cancer therapy.

Each finalist received at least $7,500. In total, the Intel Foundation awarded $1.6 million for the Intel Science Talent Search 2015. Since assuming title sponsorship of the Science Talent Search in 1998, Intel has increased the competition’s annual awards by more than $1 million.

This year’s finalists hail from 36 schools in 18 states. Of the 1,844 high school seniors who entered the Intel Science Talent Search 2015, 300 were announced as semifinalists in January. Of those, 40 were chosen as finalists and invited to Washington, D.C., to compete for the top nine awards. These finalists join the ranks of other notable Science Talent Search alumni, who over the past 74 years, have gone on to win eight Nobel Prizes, two Fields Medals, five National Medals of Science, 12 MacArthur Foundation Fellowships and even an Academy Award for Best Actress.

Society for Science & the Public, a nonprofit membership organization dedicated to public engagement in science and science education, has owned and administered the Science Talent Search since its inception in 1942.

“We are honored to congratulate Noah, Andrew, Michael and the rest of the top winners of the Intel Science Talent Search 2015,” said Maya Ajmera, president and CEO of Society for Science & the Public and alumna of the Science Talent Search. “These students serve as shining examples of the incredible work being accomplished in STEM fields by young people, and we are proud to recognize and reward these stellar young researchers.”

To learn more about Society for Science & the Public, visit www.societyforscience.org, and follow the organization on Facebook and Twitter.

Intel believes that education is the key to future innovation. Over the past decade, Intel and the Intel Foundation have invested more than $1 billion, and Intel employees have donated close to 4 million hours toward improving science, technology, engineering and mathematics education in more than 100 countries, regions and territories.

To get the latest Intel education news, visit www.intel.com/newsroom/education, and join the conversation on Facebook and Twitter.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com and about Intel’s conflict-free efforts at conflictfree.intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

*Other names and brands may be claimed as the property of others.

March 10 2015

Chip Shot: Intel and Rebecca Minkoff Announce Partnership at U.N. Women Planet 50-50 Event

Intel and fashion designer Rebecca Minkoff announced a strategic partnership to expand opportunities for girls and women in technology and engineering. The partnership includes a collaboration with U.N. Women and was announced on stage at the U.N. Women’s Planet 50-50 by 2030 event in New York. As part of Intel’s recently announced Diversity in Technology Initiative, which includes a bold new hiring and retention goal to achieve full representation of women and underrepresented minorities in its workforce by 2020, Intel will work with Rebecca Minkoff to expand the pipeline of diverse and female engineers, support more positive representation of opportunities for women in technology, and connect women around the world to opportunities to learn and lead in science, technology, engineering and mathematics education and careers.

March 10 2015

Intel and Rebecca Minkoff to Announce Partnership at U.N. Women Planet 50-50 Event

First-of-its-kind strategic partnership to advance shared commitment to gender equality by creating new opportunities for women in technology.WHAT:Intel, Rebecca Minkoff, and UN Women announce effort to expand pipeline of female engineers, support pos…

March 10 2015

Chip Shot: Intel Announces Collaborations with Facebook and Others at Open Compute Summit

Today at the OCP US Summit, Intel and Facebook announced a collaboration to develop a new Open Compute Project (OCP)-based server design. The Facebook contributed design uses a server card based on the new Intel® Xeon® processor D product family, the first Xeon system-on-chip (SoC) and first Intel Xeon processor based on 14nm process technology. Intel also announced that it is working with Penguin Computing on the first Intel® Xeon Phi™ processor, code-named Knights Landing, powered HPC system based on an OCP rack design. The announcements were made by Intel’s keynote speaker Jason Waxman, general manager, Cloud Platforms Group. Read Jason’s blog for more information on Intel at OCP.

March 10 2015

Chip Shot: Frost & Sullivan Recognizes Intel for Leadership in Video Encoding and Transcoding

Today, Frost & Sullivan recognized Intel with the 2015 Global Frost & Sullivan Award for Technology Innovation Leadership based on its recent analysis of Intel’s impact on the video encoding and transcoding market. Frost & Sullivan noted t…

March 09 2015

Chip Shot: Intel Named One of the World’s Most Ethical Companies

Intel has been recognized as one of the 2015 World’s Most Ethical Companies by the Ethisphere Institute, an independent corporate ethics think-tank. A four-time honoree, Intel was named one of the top companies for demonstrating “real and sustained” e…

March 09 2015

Chip Shot: Congrats, Apple, on the Launch of the First Fanless MacBook

Today, Apple announced the new MacBook featuring Intel® Core™ M processors. Intel Core M was designed to enable thin, light, fanless systems and amazing experiences, and with the new MacBook that is exactly what you get. The current MacBook Air and MacBook Pro lines will also be updated to feature 5th gen Intel® Core™ processors. You can visit www.apple.com for more information on the news from today.