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Sowei 2025-01-14
Intel Corp. INTC stock has had a rough ride in 2024 so far, falling by over 56% year-to-date. The reason? The world's leading chipmaker has fallen behind the curve, ceding ground to rivals like Advanced Micro Devices Inc. AMD , Nvidia Corp. NVDA and failing to even catch up to Qualcomm Inc. QCOM on the smartphone side of things. The world's leading chipmaker lost the plot across both establishing as well as emerging technologies – it is no longer as dominant as it was in the x86 space, and companies like Nvidia have utterly dominated the AI chips space. See Also: Nvidia’s AI Dominance Leaves Intel, AMD Scrambling For Second Place Intel's failure to innovate is reflected in its stock performance as well – at $20.92, its stock is roughly back to the same level it was at nearly 27 years ago. To make matters worse for Team Blue, that is Intel (its rival AMD is Team Red,) the company's market capitalization has shrunk enough that there are rumors doing the rounds that rivals like Qualcomm could be interested in scooping it up. Qualcomm's interest in acquiring Intel subsequently waned, reportedly due to the "complexities" involved in the transaction. See Also: Palantir Co-Founder Joe Lonsdale Cheers Trump’s New SEC Pick, Calls Out Gary Gensler For ‘Purposely’ Not Defining Crypto Rules For context, Intel's market capitalization stands at $90.22 billion, while Qualcomm's is at $177.26 billion. Intel's closest rival, AMD, is valued more than two times at $224.91 billion. Nvidia, on the other hand, has a relatively stratospheric market capitalization of $3.488 trillion – worth over 38 times Intel's market capitalization. Things have gotten so bad for Intel, that the chipmaker let go of Pat Gelsinger , an industry and Intel veteran, in a somewhat less-than-ideal fashion. Lack Of Innovation, Manufacturing Difficulties, And Increasing Competition While Intel's woes have been ongoing for several years now, issues with its latest desktop chips were likely the straw that broke the proverbial camel's back. After several reports revealed issues with Intel's 13th and 14th generation chips , the company took notice but eventually gave up on fixing them with software updates. The result? Gelsinger had to leave before realizing his mission to complete the 18A fabrication process – while the company says it has been set in motion, chips made using the process have not been rolled out yet. See Also: MicroStrategy’s Michael Saylor Risks Breaking Down The ‘Magic Money Creation Machine’ With His Growing Bitcoin Bet, Says Expert Gelsinger and Intel would have hoped for the success of 18A, especially to keep its struggling foundry business alive. However, with Gelsinger now out and no suitor in sight, Intel's future seems to be hanging in the balance. Price Action: Intel's stock closed at $20.92 on Friday, up 0.6% for the day. Year-to-date, it has fallen 56.2%. Data from Benzinga Pro shows that analysts have a consensus rating of "Neutral" for the Intel stock. BofA Securities , Northland Capital Markets , and Mizuho are among the three most recent analyst ratings, and their average price target stands at $24, implying a 14.7% upside. Will Intel be able to turn around its fortunes, though? Only time will tell. Check out more of Benzinga's Consumer Tech coverage by following this link . Read Next: AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing' iPhone 16 Marks The ‘Start Of A Super Cycle' For Apple Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: Unsplash © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.super ace how to win

New York, NY, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Global law firm Norton Rose Fulbright today announced the appointment of New York partner Kessar Nashat as its US Co-Head of Corporate, M&A and Securities. He joins Dallas partner Scarlet McNellie in this leadership role, which she has held for more than five years. Jeff Cody , Norton Rose Fulbright’s US Managing Partner, said: “Kessar is an accomplished dealmaker with a reputation for collaboration across our firm. Scarlet and Kessar leading our Corporate, M&A and Securities practice will allow us to capitalize on both US and cross-border opportunities.” Scarlet McNellie, Norton Rose Fulbright’s US Co-Head of Corporate, M&A and Securities, commented: “Clients look to Norton Rose Fulbright’s corporate lawyers to provide practical and innovative advice related to the evolving global business landscape. Kessar has been a wonderful colleague for many years, and I am excited to work together to guide our outstanding team.” Kessar represents public and private companies on a broad range of corporate legal matters, including mergers and acquisitions, spin-offs and other divestitures, joint ventures and debt and equity investments. He also advises public companies on corporate and securities matters, including SEC filings and other public disclosures, corporate governance and board matters, trading by insiders and equity-based compensation plans. Kessar, who has been listed as a “Recommended Lawyer” and a “Next Generation Lawyer” by The Legal 500 US from 2018-2024 and recognized as a “BTI Client Service All-Star” by BTI Consulting Group in 2021, said: “I look forward to collaborating with Scarlet to lead this remarkable team of lawyers who clients trust to execute their most complex and high profile transactions.” Norton Rose Fulbright’s Corporate, M&A and Securities practice offers strategic, business-oriented legal advice on complex domestic, cross-border and multijurisdictional transactions in both emerging and developed markets. The lawyers who comprise this global team have deep experience across the full spectrum of industry matters. Licensed in New York, Kessar received his law degree cum laude from New York University School of Law and his bachelor’s degree from Cornell University. Norton Rose Fulbright Norton Rose Fulbright provides a full scope of legal services to the world’s preeminent corporations and financial institutions. The global law firm has more than 3,000 lawyers advising clients across more than 50 locations worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg, covering Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East. With its global business principles of quality, unity and integrity, Norton Rose Fulbright is recognized for its client service in key industries, including financial institutions; energy, infrastructure and resources; technology; transport; life sciences and healthcare; and consumer markets. Attachment Dan McKenna Norton Rose Fulbright dan.mckenna@nortonrosefulbright.com



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Mangaluru: The Karnataka Beary Sahitya Academy plans to set up an exclusive museum that will highlight the life, culture, and traditions of the Beary-speaking community in the region. The academy, which is also preparing to conduct a thorough study and document the history of the community, has set up an expert committee for this purpose. Academy chairman Umar UH told TOI that a meeting of the expert committee was already held in Bengaluru. He said that the academy has identified 51 cents of land in Asaigoli, Ullal taluk , to set up Beary Bhavana , which will also house an exclusive museum. "We have already finalised the plan to construct the Beary Bhavana. The govt has already released Rs 3 crore, and an additional Rs 3 crore is also expected. A plan was prepared earlier. However, after I took charge as the chairman of the academy, a new plan was drawn up. As per the revised plan, the Beary Bhavana will house a museum in a 3,000sqft area and a library and reading room in 1,500sqft. While a 500sqft area will be reserved for a research centre, office and commercial space will be coming up in the remaining area," he said, adding that the new plan was prepared in consultation with Speaker UT Khader, who is the MLA of the constituency. The Beary Bhavana building work will be taken up by the Karnataka State Housing Board, he said. "The museum proposed in the Beary Bhavana will not be just a place to showcase artefacts. Instead, it should cater to research and documentation of the history, culture, literature, folk arts, and traditions of the Beary-speaking community in the region. A committee of experts, including Prof Purushothama Bilimale, chairperson of the Kannada Development Authority (KDA), and others, has been formed in this regard. The academy will grant fellowships with financial support to scholars who are willing to take up research on a topic that the expert committee suggests," he said. Further, the museum will incorporate state-of-the-art technology, enabling visitors to gain comprehensive insights into Beary heritage and customs through multimedia presentations, including audio-visual displays and interactive demonstrations, Umar said, adding that he plans to complete the project before the end of his three-year tenure.The UK will continue to trade arms with Israel during its war in Gaza despite a ceasefire in Lebanon , Keir Starmer has said. The prime minister reiterated that Israel had the right “to defend itself” from attacks, including from Iran. More than a year of fighting between Israel and Hezbollah in Lebanon was suspended for 60 days due to the ceasefire deal , with both sides withdrawing from southern Lebanon, in the early hours of Wednesday morning. In response, Sir Keir called for a wider ceasefire in the Middle East region to lead to an end to hostilities. He told MPs: “We must seize this opportunity to build trust, de-escalate tensions and push for a wider ceasefire.” The halt to fighting in Lebanon was “long overdue, but demonstrates that diplomacy can succeed even in the most challenging of circumstances”, he added. But challenged by SNP MP Brendan O’Hara on what he called the UK’s “morally repugnant” arms sales to Israel, Sir Keir said: “I have set out my position very clearly in relation to the sale of capability to Israel to defend itself against attacks, such as those from Iran, and I am very clear that we will continue to do so.” In September, foreign secretary David Lammy did suspend arms export licences to Israel - around 30 of 350 export licences - for use in military operations in Gaza following a review of Israel’s compliance with international humanitarian law. Last month the world held its breath as Israel launched three waves of air strikes on Iranian military targets, explicitly linking them to missile strikes from Tehran weeks earlier. Israel had made no secret of its plans to hit back against Iran, which it also blames for backing Hamas in Gaza. At the time Sir Keir called for restraint, saying: "I am clear that Israel has the right to defend itself against Iranian aggression and I am equally clear that we need to avoid further regional escalation and urge all sides to show restraint.” Meanwhile, Priti Patel, the shadow foreign secretary, said she “cautiously” welcomed the deal for a ceasefire while “recognising there is a long road ahead”. She added: “A huge international effort will be needed if this agreement is to endure. If it works, it could bring long awaited relief for many and potentially a pathway to sustainable peace.... The key to a sustainable end to the conflict in Gaza remains the release of the hostages. Hamas should release all remaining hostages immediately and unconditionally.” Mr Lammy said the ceasefire announcement “offers hope”. He added: “We strongly urge all parties to use this agreement to open a pathway to a lasting peace.” “We must seize this moment. It must be a turning point that builds momentum towards a lasting peace across the Middle East. In Gaza, we need an immediate ceasefire, the release of all the hostages and an end to Israeli restrictions on aid. The intolerable suffering must end.” He also indicated that British troops could train and support the Lebanese armed forces to secure the ceasefire agreed between Israel and Hezbollah. He told the chair of the Commons Foreign Affairs Committee Emily Thornberry that the UK had previously given "training and support" to the Lebanese army and said “yes” when asked if that would be renewed as part of the peace deal. The Board of Deputies of British Jews welcomed the ceasefire and expressed gratitude “to the USA, France, and others who helped facilitate the agreement”. “We hope that in due course communities on both sides of the border will be able to return safely to their homes and livelihoods,” Mr Rosenberg said. “We pray that this breakthrough leads quickly to a wider cessation of hostilities in the region, including in Gaza, with the release of the hostages, aid and relief to Gazan civilians, and moves towards lasting peace and security between Israel, the Palestinians and the wider region”.

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