Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Intel launches new PC chips, says U.S. supercomputer will double expected speeds

Published 2021-10-27, 12:09 p/m
Updated 2021-10-27, 01:03 p/m
© Reuters. FILE PHOTO: Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/File Photo

By Stephen Nellis

(Reuters) - Intel Corp (NASDAQ:INTC) on Wednesday introduced a new, faster family of processor chips for personal computers and said that the supercomputer it is helping the U.S. government to build will reach double previously expected speeds.

Intel is working to regain its lead in making the fastest computing chips after having lost its title to rivals such as Advanced Micro Devices (NASDAQ:AMD) and Apple Inc (NASDAQ:AAPL), both of which use outside partners to make their chips while Intel has struggled with its internal manufacturing operations. Santa Clara, California-based Intel made the announcement at an event aimed at persuading software developers to write code for its chips.

Intel showed versions of its 12th generation of Intel Core chips for PCs, known by their code name of Alder Lake. The company said the product line will eventually include 60 different chips destined for 500 models of PCs from various makers, from thin laptops to larger machines designed for gamers.

The company said it is shipping 28 versions of the chip to PC makers, with "broad availability" starting on Nov. 4.

© Reuters. FILE PHOTO: Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/File Photo

Intel also said that Aurora, a supercomputer that Intel is building with the U.S. Department of Energy's Argonne National Laboratory for artificial intelligence work in suburban Chicago, will be twice as fast as originally planned. Intel said the computer will exceed 2 exaflops, meaning the ability to perform 2 quintillion - or 2,000,000,000,000,000,000 - calculations per second.

Intel had originally committed https://www.reuters.com/article/ctech-us-usa-intel-idCAKCN1QZ298-OCATC to deliver the $500 million computer this year with 1 exaflop of performance, but manufacturing delays forced it to postpone delivery until next year. In the meantime, Argonne officials tapped Intel's rivals https://www.reuters.com/article/nvidia-amd-idCNL1N2PV1L6 Nvidia Corp and AMD for a smaller system built by Hewlett Packard Enterprise Co as a test system to continue developing software technologies for the delayed machine.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.