Arsheeya Bajwa

The two executives leading Intel after the ouster of its chief executive conceded on Thursday that the company may be forced to sell its manufacturing operations if a new chipmaking technology slated for next year does not succeed.

Intel on Thursday named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory.

U.S. private equity firm Insight Partners has sold a $2 billion stake in cloud data company Veeam Software in a secondary sale valuing the firm at $15 billion, it said on Wednesday.

Intel former CEO Pat Gelsinger could get as much as $12 million as payout, a regulatory filing showed on Tuesday, following his ouster from the struggling U.S. chipmaker.

Intel CEO Pat Gelsinger's removal has put an abrupt end to his role in the struggling chipmaker's turnaround efforts, leaving Wall Street with doubts whether his ambitious revival plan is headed for the chopping block.

AI chip leader Nvidia could put its growing cash pile to use through possible mergers and acquisitions, finance chief Colette Kress said during a technology conference in Arizona on Tuesday.

Chipmaker Marvell Technology forecast fourth-quarter revenue above estimates on Tuesday, betting on robust demand for its custom artificial intelligence chips from businesses adopting booming generative AI technology.

Zoom Communications shares tumbled more than 5% on Tuesday, as its forecast for low single-digit annual revenue growth disappointed investors after a recent rally.

Cloud-based streaming platform Brightcove said on Monday Bending Spoons will buy the company in a transaction valued at about $233 million, adding to a string of deals by the Italian tech firm as it looks to bolster its app portfolio.

Amazon.com pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology.