Latest news with #AheadComputing
Globe and Mail
9 hours ago
- Business
- Globe and Mail
'(Build) The Biggest, Baddest CPU': Intel Stock (NASDAQ:INTC) Notches up Despite Ironic Twist
This might have been the unkindest cut that chip stock Intel (INTC) could have received. Sure, yesterday and its potential loss of CHIPS Act funding was a low blow, no mistake there, but it only got worse as new reports revealed that several Intel staffers were leaving Intel to do exactly what Intel would have needed them to do: build the 'biggest, baddest CPU' around. Shareholders took the news well, though, and sent shares up fractionally in Friday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Four of Intel's biggest names in research—who together had a combined experience of almost a century at Intel—departed the company in a plan to build a totally new kind of microprocessor. They will be using a kind of architecture that is completely different from Intel's, reports note, and in the process, hopefully show up their former bosses in the process. The four started their own company, called AheadComputing, and is working on an open style of architecture known as Reduced Instruction Set Computer – V, or RISC-V. The result, AheadComputing hopes, will be a processor that does fewer things than the current processor concept, but does this comparative handful of things better than the current processor does them. Essentially, reports note, the four are risking that AheadComputing—a vastly smaller company—will be able to move faster and better than Intel. Given Intel's new 'risk-averse' nature that we discovered yesterday with the 50% gross profit concept, they may not be wrong. But what has Intel missed out on in the process? Roadmapping an Uncertain Future But life goes on at Intel, reports note, and word notes that the Intel Foundry Direct Connect 2025 event is showing off its roadmaps and its partnerships. Intel Foundry, of course, is the chip manufacturing portion of Intel, and the one which has perhaps come under the most fire of late. But Intel looks to start delivering under the 18A process this year, and that should go a long way toward re-establishing Intel's dominance as a chip maker. Naturally, it is unclear as yet how much capacity 18A will have overall, and how much of that capacity can go to making other companies' chips. Early word suggests that everything is on schedule, so that will, at least, not be a problem. And with 14A and 14A-E waiting in the wings, it is entirely possible that Intel may be able to keep the streak going and come out ahead in the end. Is Intel a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on two Buys, 25 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 34.97% loss in its share price over the past year, the average INTC price target of $21.29 per share implies 5.63% upside potential. See more INTC analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
Business Insider
a day ago
- Business
- Business Insider
'(Build) The Biggest, Baddest CPU': Intel Stock (NASDAQ:INTC) Notches up Despite Ironic Twist
This might have been the unkindest cut that chip stock Intel (INTC) could have received. Sure, yesterday and its potential loss of CHIPS Act funding was a low blow, no mistake there, but it only got worse as new reports revealed that several Intel staffers were leaving Intel to do exactly what Intel would have needed them to do: build the 'biggest, baddest CPU' around. Shareholders took the news well, though, and sent shares up fractionally in Friday afternoon's trading. Confident Investing Starts Here: Four of Intel's biggest names in research—who together had a combined experience of almost a century at Intel—departed the company in a plan to build a totally new kind of microprocessor. They will be using a kind of architecture that is completely different from Intel's, reports note, and in the process, hopefully show up their former bosses in the process. The four started their own company, called AheadComputing, and is working on an open style of architecture known as Reduced Instruction Set Computer – V, or RISC-V. The result, AheadComputing hopes, will be a processor that does fewer things than the current processor concept, but does this comparative handful of things better than the current processor does them. Essentially, reports note, the four are risking that AheadComputing—a vastly smaller company—will be able to move faster and better than Intel. Given Intel's new 'risk-averse' nature that we discovered yesterday with the 50% gross profit concept, they may not be wrong. But what has Intel missed out on in the process? Roadmapping an Uncertain Future But life goes on at Intel, reports note, and word notes that the Intel Foundry Direct Connect 2025 event is showing off its roadmaps and its partnerships. Intel Foundry, of course, is the chip manufacturing portion of Intel, and the one which has perhaps come under the most fire of late. But Intel looks to start delivering under the 18A process this year, and that should go a long way toward re-establishing Intel's dominance as a chip maker. Naturally, it is unclear as yet how much capacity 18A will have overall, and how much of that capacity can go to making other companies' chips. Early word suggests that everything is on schedule, so that will, at least, not be a problem. And with 14A and 14A-E waiting in the wings, it is entirely possible that Intel may be able to keep the streak going and come out ahead in the end. Is Intel a Buy, Hold or Sell? Turning to Wall Street, analysts have a Hold consensus rating on INTC stock based on two Buys, 25 Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 34.97% loss in its share price over the past year, the average INTC price target of $21.29 per share implies 5.63% upside potential.
Reuters
19-02-2025
- Business
- Reuters
Ex-Intel executives raise $21.5 million for RISC-V chip startup
SAN FRANCISCO, Feb 19 (Reuters) - Newly formed chip startup AheadComputing on Wednesday said it had raised $21.5 million in seed funding. Co-founded by several former Intel central processing unit (CPU) engineers and executives, the company plans to build technology and chips based on the open source architecture called RISC-V, pronounced "risk five." AheadComputing plans to use the funds to design and develop CPU technology that aims to solve some of the computing performance issues that have arisen around artificial intelligence, such as bandwidth shortages and data processing limitations. Co-founder and CEO Debbie Marr said it was an opportune moment for a startup that relies on RISC-V technology because it avoids the pitfalls of the x86 architecture used by Intel (INTC.O), opens new tab and Advanced Micro Devices (AMD.O), opens new tab and the problems associated with relying on a single supplier - Arm Holdings (O9Ty.F), opens new tab - for the underlying designs. "The RISC-V ecosystem is open, it's not owned, it's not controlled by one company," Marr said in an interview with Reuters. "There are hundreds of players. There is plenty of room for innovation." Marr and other senior executives left last year and founded AheadComputing, which is headquartered in Portland. Marr and other AheadComputing executives were responsible for developing several key technologies at Intel that significantly improved CPU performance. The seed funding round was led by Eclipse Ventures and included Maverick Capital, Fundomo and EPIQ Capital Group. Former Apple (AAPL.O), opens new tab and Tesla (TSLA.O), opens new tab chip architect Jim Keller invested in the round as well. Keller runs his own RISC-V venture called Tenstorrent. Founding the company was attractive because of the growing demand for high-performance computing, Eclipse partner Greg Reichow said in an interview. By 2030, it will be roughly $100 billion, he said. "There's a big market tailwind in this," Reichow said.
Yahoo
19-02-2025
- Business
- Yahoo
Ex-Intel executives raise $21.5 million for RISC-V chip startup
By Max A. Cherney SAN FRANCISCO (Reuters) - Newly formed chip startup AheadComputing on Wednesday said it had raised $21.5 million in seed funding. Co-founded by several former Intel central processing unit (CPU) engineers and executives, the company plans to build technology and chips based on the open source architecture called RISC-V, pronounced "risk five." AheadComputing plans to use the funds to design and develop CPU technology that aims to solve some of the computing performance issues that have arisen around artificial intelligence, such as bandwidth shortages and data processing limitations. Co-founder and CEO Debbie Marr said it was an opportune moment for a startup that relies on RISC-V technology because it avoids the pitfalls of the x86 architecture used by Intel and Advanced Micro Devices and the problems associated with relying on a single supplier - Arm Holdings - for the underlying designs. "The RISC-V ecosystem is open, it's not owned, it's not controlled by one company," Marr said in an interview with Reuters. "There are hundreds of players. There is plenty of room for innovation." Marr and other senior executives left last year and founded AheadComputing, which is headquartered in Portland. Marr and other AheadComputing executives were responsible for developing several key technologies at Intel that significantly improved CPU performance. The seed funding round was led by Eclipse Ventures and included Maverick Capital, Fundomo and EPIQ Capital Group. Former Apple and Tesla chip architect Jim Keller invested in the round as well. Keller runs his own RISC-V venture called Tenstorrent. Founding the company was attractive because of the growing demand for high-performance computing, Eclipse partner Greg Reichow said in an interview. By 2030, it will be roughly $100 billion, he said. "There's a big market tailwind in this," Reichow said. (Max A. Cherney in San Francisco; Editing by Kim Coghill) Sign in to access your portfolio
