Latest news with #RealSense
Yahoo
6 days ago
- Business
- Yahoo
Intel is spinning off its Network and Edge group
Intel continues to streamline its business. The company plans to spin off its Network and Edge group, which is responsible for making chips for the telecom industry, as originally reported by CRN. Intel will be an anchor investor in the standalone business and will seek outside capital. Intel was rumored to be looking for a buyer for its Network and Edge group in May. This business produced $5.8 billion in revenue in 2024. This strategy seems similar to the company's decision to spin off RealSense, its former stereoscopic imaging technology business, earlier this month. Intel decided to spin RealSense out during former CEO Pat Gelsinger's tenure and the company struck out on its own with $50 million in venture funding. TechCrunch reached out for more information about its plans and timeline for the spinout. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
7 days ago
- Business
- Time of India
Intel to axe 24,000 jobs — is your state or country on the layoff list? Here's who's affected most
Intel is cutting about 24,000 jobs this year. This brings the total number of Intel's main employees (called 'core employees') down from 99,500 at the end of 2024 to about 75,000 by the end of 2025. That's a 15% cut in its workforce, as per Intel's Q2 2025 earnings report. These job cuts are part of a bigger plan to make the company smaller and more focused. Projects canceled in Germany, Poland, and Costa Rica Explore courses from Top Institutes in Please select course: Select a Course Category Germany Intel canceled a big new chip factory (called a 'mega-fab') that was supposed to hire 3,000 people. The project had already been delayed before. Now it's fully canceled. ALSO READ: Jazz world mourns: Chuck Mangione dies at 84 — here's what we know about his final days Poland Intel stopped plans to build an assembly and testing center that would've hired 2,000 people. Intel still has research centers in Poland that are not closing. Costa Rica Intel is moving its assembly and testing work from Costa Rica to Vietnam and Malaysia. Intel has over 3,400 workers in Costa Rica, and around 2,000 will stay for engineering and office roles, as per Intel's spokesperson Sophie Metzger told The Verge. Live Events US jobs also affected — especially in Ohio In Ohio, Intel is slowing down construction of new factories to match market demand. The work will still continue, but at a slower speed. Intel says it will still invest in the U.S., but will spend more carefully going forward, according to the report by Intel Q2 letter. Why is Intel doing this? Intel's new CEO, Lip-Bu Tan, said the company built too many factories too soon, without having enough customers to use them. He said Intel's factories became 'needlessly fragmented' — meaning they were too spread out and not efficient, as per the reports. Now, Intel wants to cut costs, remove extra management layers, and simplify the company. Tan wants to make Intel faster and more focused so it can grow again in the future, as per the Intel internal message. Intel is losing money and changing strategy Intel lost $2.9 billion in the last quarter, April–June 2025, even though it made $12.9 billion in revenue. The company spent $1.9 billion just on layoffs and restructuring. Intel also shut down its automotive chip business in June and spun off its RealSense computer vision team in July. PC chip sales went down 3%, and data center chips only went up 4%, even during the AI boom, as stated in the report by The Verge. ALSO READ: 911 call reveals terrifying moments of Hulk Hogan's cardiac arrest – dispatch goes viral What's coming next from Intel? Intel plans to save $17 billion in costs this year. A new chip called Panther Lake is coming later in 2025. Another chip, Nova Lake, is expected in late 2026. Every major chip design now needs to be personally approved by the CEO, Lip-Bu Tan. Intel is also changing how it approaches AI — focusing more on areas like inference instead of just training models. Intel says it will share more about its AI strategy and data center leadership in the next quarter, as per the report by The Verge. FAQs Q1. How many jobs is Intel cutting in 2025? Intel is cutting around 24,000 jobs in 2025 as part of a major global restructuring to reduce costs and simplify its operations. Q2. Which countries are affected by Intel layoffs in 2025? Intel layoffs are hitting the U.S., Germany, Poland, and Costa Rica, with major projects canceled or slowed down in those regions.
Yahoo
16-07-2025
- Business
- Yahoo
As Intel Spins Out Its AI Robotics Arm, How Should You Play INTC Stock Here?
Intel's (INTC) decision to spin out its AI robotics division, RealSense, marks another strategic move in the chipmaker's ongoing transformation under new CEO Lip-Bu Tan. The $50 million Series A funding round for RealSense, which includes participation from MediaTek Innovation Fund and Intel Capital, signals both the promise of the robotics industry and Intel's need to streamline operations while maintaining exposure to high-growth markets. The spinout suggests a calculated approach to asset optimization during a challenging period for Intel. The chip maker is targeting $17 billion in operating expenses for 2025 and $16 billion for 2026. So, divesting non-core assets while retaining minority stakes allows Intel to reduce operational complexity while preserving upside potential. Dear Nvidia Stock Fans, Mark Your Calendars for July 16 How to Buy Tesla for a 13% Discount, or Achieve a 26% Annual Return Retirement Ready: 3 Dividend Stocks to Set and Forget Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. RealSense, formerly Intel Perceptual Computing, has been developing 3D vision technology for over a decade and serves autonomous robot manufacturers, including Eyesynth and Unitree Robotics. Intel is under pressure to execute on its foundry strategy and regain a competitive positioning in core markets where it has lost market share to Nvidia (NVDA) and Advanced Micro Devices (AMD). Under Tan's leadership, the company has adopted a more focused approach, emphasizing customer service and manufacturing excellence. The robotics market opportunity is expanding at an exponential pace, with Morgan Stanley projecting the humanoid robotics market to reach $5 trillion by 2050. However, Intel's decision to spin out rather than fully divest RealSense suggests management believes the robotics opportunity may not align with the immediate priorities of fixing core CPU competitiveness and foundry execution. For investors, the spinout showcases disciplined capital allocation and a willingness to unlock value from non-core assets. Intel's ability to attract external investment in RealSense while maintaining a minority stake indicates strategic thinking about portfolio optimization. However, the broader context remains challenging. Intel continues to wrestle with manufacturing execution, as it faces supply constraints on Intel 7 while ramping 18A production. The company's data center market share erosion persists, despite some stabilization efforts with products like Granite Rapids. Competition from both traditional rivals and ARM-based alternatives intensifies across client and server segments. The path forward for Intel stock likely depends more on foundry execution and product competitiveness than robotics spinout proceeds. Tan's emphasis on organizational flattening, return-to-office mandates, and engineering talent retention suggests awareness of cultural issues hampering innovation. Yet meaningful product leadership recovery will take time, particularly in AI workloads where Intel trails significantly. Intel stock reported a net loss of $0.13 per share in 2024 and is forecast to end 2025 with earnings of $0.30 per share. Moreover, Wall Street estimates earnings to improve to $2.70 per share in 2028. If INTC stock trades at 15 times forward earnings, it will be priced at $40 in early 2028, indicating an upside potential of almost 90% from current levels. Out of the 38 analysts covering INTC stock, one recommends 'Strong Buy,' 32 recommend 'Hold,' and five recommend 'Strong Sell.' The average target price for Intel stock is $22.55, below the current trading price. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
RealSense secures $50m in Series A funding post-Intel spinout
RealSense, an AI-powered computer vision technology firm, has announced its spinout from Intel and the completion of a $50m Series A funding round. The investment, led by a semiconductor private equity firm with participation from Intel Capital and MediaTek Innovation Fund, positions RealSense as an independent entity focused on AI, robotics, biometrics, and computer vision innovation. The new capital will enable RealSense to expand into emerging markets and enhance its manufacturing, sales, and global go-to-market (GTM) presence. This expansion aims to meet the growing demand for humanoid and autonomous mobile robots (AMRs) and AI-powered access control and security solutions. RealSense CEO Nadav Orbach stated, 'We're excited to build on our leadership position in 3D perception in robotics and see scalable growth potential in the rise of physical AI. "Our independence allows us to move faster and innovate more boldly to adapt to rapidly changing market dynamics as we lead the charge in AI innovation and the coming robotics renaissance.' RealSense has established partnerships with a range of companies, including: ANYbotics, Eyesynth, Fit:Match, and Unitree Robotics, demonstrating its industry traction in robotics, industrial automation, security, and healthcare. It will continue to support its existing customer base and product roadmap, including its RealSense depth cameras, which are claimed to be embedded in 60% of the world's AMRs and humanoid robots. Its recently launched D555 depth camera is equipped with the advanced RealSense Vision SoC V5 and supports Power over Ethernet (PoE). With its integrated AI capabilities, this camera allows robots and security systems to rapidly comprehend their environment. Orbach emphasised, 'Our mission is to enable the world to integrate robotics and AI in everyday life safely.' RealSense's leadership team comprises veteran technologists and business leaders with expertise in computer vision, AI, and robotics. The team includes CEO Nadav Orbach, vice president of business development Mark Yahiro, vice president of marketing Mike Nielsen, among others. The spinout aligns with the rapid global growth in robotics and biometrics, with the robotics market projected to quadruple and demand for humanoid robots expected to grow at a CAGR above 40%. To meet this demand, RealSense plans to expand its GTM team and hire additional AI, software, and robotics engineers to accelerate product development. The company boasts over 3,000 customers worldwide and holds more than 80 global patents. In June 2025, Reuters reported that Intel is considering divesting its networking and edge businesses. "RealSense secures $50m in Series A funding post-Intel spinout" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Indian Express
12-07-2025
- Business
- Indian Express
RealSense spins out from Intel, secures $50 million to drive AI vision in robotics
Computer vision technology firm RealSense said on Friday it has completed its spinout from Intel Corp and secured $50 million in early-stage funding to accelerate expansion into the rapidly growing robotics sector. The company develops cameras that enable machines and devices to perceive the world in three dimensions, allowing them to 'see' depth, interpret their surroundings, and interact with their environment. RealSense, which is backed by Intel Capital, the MediaTek Innovation Fund, and other strategic investors, is looking to capitalize on surging demand for computer vision sensors that help robots navigate and understand complex environments. The new funding will be used to scale up manufacturing and expand global go-to-market operations. CEO Nadav Orbach said the funding will also support research and development of AI software and next-generation depth cameras, but the company declined to disclose the valuation at which it raised funds. 'It's true there are a lot of companies that like to be vertically integrated, and several of those are customers of ours, and we work very closely with them. But on the other hand, I have over 3,000 active customers today with a pretty wide ecosystem play and pretty high growth year over year,' CEO Nadav Orbach told Reuters. Its newest camera, the D555, can transmit power and data via a single cable and features built-in AI capabilities, enabling robots and security systems to quickly understand their surroundings. The company says its depth cameras are embedded in 60% of the world's autonomous mobile robots and humanoids, with clients including China's Unitree Robotics and Switzerland's ANYbotics. In addition to robotics, RealSense is expanding into security systems that use facial recognition, leveraging its own software tools for mapping environments and identifying faces. While RealSense manufactures primarily in Thailand and Asia, its headquarters and business operations remain in the U.S. Orbach said the company is open to future IPO or acquisition opportunities but is focused on long-term growth.
