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Intel is going to spin out its subsidiary Intel Security, calling the new entity with its old name – McAfee, and selling a majority stake in it to investment firm TPG for USD 3.1 billion in cash. In other words, McAfee, once one of the household names in computer security software, is poised to become an independent business once more. Intel that bought McAfee for USD 7.7 billion in 2011, will get USD 3.1 billion cash and retain a 49 percent stake in the new company. TPG, based in Fort...

Intel, the world’s biggest semiconductor maker is reportedly planning to manufacture ARM based smartphone chips. The company has entered into a new licensing agreement with competitor ARM to produce ARM-based chips in Intel factories. The deal was announced at the Intel Developer Forum recently and will let Intel offer third-party semiconductor companies its most advanced 10-nanometer production lines for manufacturing the complex chips usually used in smartphones. Intel, which gets the majority of its revenue from making personal-computer processors, has missed the boat to larger and faster-growing phone market. Now Intel is...

August seems to be the month of acquisitions, particularly in the Artificial Intelligence (AI) space. Recently, chip giant Intel announced its plans to buy Nervana Systems, close on the heels of iPhone maker Apple’s announcement on the buyout of machine-learning startup, Turi. In recent times, technology companies are teaming up with startups in the field of AI to outdo competition in the space. Intel is strengthening its AI efforts by acquiring the two-year-old San Diego, California-based startup Nervana Systems, which has already grabbed much attention for its machine learning technology....

Karnataka High Court has directed global chip maker Intel to pay INR 16.5 crore to the Bengaluru’s civic corporation towards property tax arrears by August 28. “Intel India gave in writing that it would abide by the High Court order to pay 50 per cent of the INR 34 crore it owes to us by August 28,” IANS report published in ET quoted Bruhat Bengaluru Mahanagara Palike (BBMP) spokesman S.S. Khandre as saying. “Though Intel India paid property tax partly on its campus as per its estimates under the self-assessment scheme, we...

Intel is looking for a buyer for its Intel Security. Intel Security, previously called McAfee, was bought from the security firm McAfee back in 2011 for $7.7 billion (£5.75bn). Intel rebranded the company as Intel Security, and aimed to implement its security features at chip level, giving cyber-security a whole new dimension. It seems, though, six years later, the plan had failed. In any case, the sale of Intel Security would represent the biggest security business sale to date, so it might take a consortium of private equity backers to...