Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired.

Technology stocks pulled Wall Street to another record amid mixed trading.

The Biden administration plans on reducing part of Intel’s $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations.

U.S. stock indexes drifted lower ahead of a momentous week full of potential flashpoints in Washington, D.

Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems.

Amazon led U.S. stock indexes higher, while a surprisingly weak jobs report marred by some unusual occurrences cemented bets on Wall Street for another cut to interest rates next week.

U.S. stock indexes remained stuck in place as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.

Stocks tumbled Friday on worries the U.S. economy could be cracking under the weight of high interest rates meant to whip inflation.

Asian shares are mixed after Wall Street’s lull stretched into a second day.

Asian shares are mostly higher after a firm finish on Wall Street, as expectations remained solid for U.S. interest rate cuts this year.

Two tech CEOs scrambling to produce more of the sophisticated chips needed for artificial intelligence have met for a brainstorming session while the market’s early leader reported another quarter of eye-popping growth.

Wall Street closed its latest winning week with a mixed finish, as drops for technology stocks dragged on the market.

Stocks closed lower on Wall Street, bringing the S&P 500 index 10% below the peak it reached in July.

European Union antitrust enforcers have slapped Intel with a fresh $400 million fine in a long-running legal fight that the chipmaker appeared to have won last year.

Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished.

Intel and the German government have signed a deal that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required.

For exactly 50 years, Oregon’s farms and forests have been protected from urban sprawl by the nation’s first statewide law creating urban growth boundaries.

May Mobility's new chief operating officer has been in the industry for three decades.

Wall Street closed sharply higher, capping another strong week with gains led by Apple and other companies that made even bigger profits during the summer than expected.

President Joe Biden is announcing a new initiative to encourage biotech production and research in the U.S. It's the latest move by the White House to boost domestic industry.

Ohio's largest-ever economic development project is coming with a big employment challenge.

U.S. chipmaker Intel unveiled plans on Tuesday to invest up to $88 billion across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain.

Chipmaker Intel has scored a decisive legal victory in a long-running battle against European Union competition watchdogs.

The Beijing Winter Olympics are fraught with potential hazards for major sponsors.

Stocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy.

Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time.

Intel will be investing $3.5 billion in its New Mexico plant to manufacture what executives say will fuel a new era of advanced computing as demands increase for the tiny microchips used in nearly all modern devices.

Stocks are closing higher Friday, reversing their week-long rut.

Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. (AP Photo/Ahn Young-joon)BEIJING – Shares advanced in Asia on Thursday after a broad decline on Wall Street led by selling of tech heavyweights like Facebook and Apple. The Russell 2000 index lost 2.4% to 2,134.27. Banks have been volatile the last couple of weeks as investors try to gauge the impact of higher interest rates on the U.S. economy. Higher interest rates can slow economic momentum, but they also allow banks to charge more for loans.

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. Treasury yields remained near their highest levels since June. Before this week, the S&P 500 had notched a weekly gain three weeks in a row. American Express fell 3.6% and chipmaker Intel sank 10.6%, the biggest decline in the S&P 500, after reporting weakness in its data center business. Treasury yields dipped but remain near their highest levels since June.

An employee leaves an office of SK Hynix Inc. in Seongnam, South Korea, Tuesday, Oct. 20, 2020. Intel has agreed to a $9 billion deal to sell most of its memory business to South Korea's SK Hynix as it moves toward more diverse technologies while shedding a major Chinese factory at a time of deepening trade friction between Washington and Beijing. Intel said it will keep its “Optane” business of more advanced memory products, which analysts say are mostly produced in the United States. SK Hynix said the companies expect to get required governmental approvals for the deal by late 2021. The transaction, if completed, could reportedly make SK Hynix the world’s second-largest provider of NAND flash memory chips behind Samsung Electronics, another South Korean chip giant.

The unexpected snag means Intel's 7-nanometer processing technology won't be ready until the end of 2022 or early 2023, raising the possibility that other chip makers will already have taken another leap ahead. TSMC's stock surged nearly 11% Friday, a sign that Wall Street expects its next-generation chips to have a clear competitive advantage now that Intel is so far behind in its work. While the overall stock market has kept climbing, Intel shares hit their peak of $75.81 almost 20 years ago. Intel suffered another blow last month when Apple announced it will soon begin relying on its own chips to power its Mac computers instead of Intel's. Although he said the company is not happy" with the delays in its next-generation chips, Intel CEO Robert Sway sought to reassure analysts during a Thursday conference call.

Companies with more than 100 employees must now provide pay data. SANTA CLARA, Calif. - Intel plans to release data on how much its employees are paid, broken down by gender, race and ethnicity, by the end of this year, the company confirmed. The agency will not release companies' data, but Intel says it will share the data publicly, a move first reported by Bloomberg. "With the requirement to report pay data, the EEOC is emphasizing the need for change in the industry, and that is [a] great first step in the right direction." African American employees comprised 4.6% of Intel's workforce; Hispanic employees 9.2%; and Native American employees 0.7%, according to the 2018 report.

Now investors are wondering just how much iPhone sales could shrink. CUPERTINO, Calif. - Apple just bought the bulk of Intel's smartphone-modem business in a deal valued at $1 billion. Apple will now hold over 17,000 wireless technology patents, according to the release. Intel will still be able to develop modems for non-smartphone applications, such as PCs and autonomous vehicles. In April, Intel said it would no longer make 5G modems for smartphones, citing "no clear path to profitability and positive returns" in the business.

iStock/svariophoto(CNN) - The Dow is set to open higher, but stocks are mixed Thursday on one of the biggest days of the earnings season. Before the bell, American Airlines reported second-quarter results, forecasting a $400 million hit for full-year earnings from Boeing's 737 Max crisis. The European Central Bank delivered its monetary policy update. The central bank left interest rates unchanged and said rates would remain at their current levels or lower "at least through the first half of 2020." The central bank said in a statement it would "examine options" such as new asset purchases.

Justin Sullivan/Getty ImagesSANTA CLARA, Calif. - Intel's stock rose more than 1% in after-hours trading Monday amid reports that Apple is in talks to buy its smartphone-modem chip business. Apple would also acquire Intel's work developing chips for 5G, the next generation of ultra-high speed wireless, according to the report. Intel and Apple have been in talks for roughly a year, according to the Journal. The talks stalled as Apple reached a settlement over a patent-licensing disagreement with Intel competitor Qualcomm, which used to be the main supplier of iPhone modems. Apple and Intel are scheduled to report financial results in the coming days.