Intel Says Power-Efficient Sierra Forest Chip Will Be Delivered in H1 2024

Intel's logo is pictured during preparations at the CeBit computer fair, which will open its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017. (Reuters)
Intel's logo is pictured during preparations at the CeBit computer fair, which will open its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017. (Reuters)
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Intel Says Power-Efficient Sierra Forest Chip Will Be Delivered in H1 2024

Intel's logo is pictured during preparations at the CeBit computer fair, which will open its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017. (Reuters)
Intel's logo is pictured during preparations at the CeBit computer fair, which will open its doors to the public on March 20, at the fairground in Hanover, Germany, March 19, 2017. (Reuters)

US chip giant Intel Corp said on Wednesday its first semiconductor for data center customers focused on power efficiency, Sierra Forest, would be delivered in the first half of next year, as it outlined a chip release schedule after prior delays.

"It's been a challenging few years as we had introduced a lot of innovation but also a lot of complexity and our product release dates had pushed out," Intel Data Center and AI Group head Sandra Rivera told Reuters ahead of an investor event.

Intel still dominates the markets for PC and server processing chips, with a market share greater than 70%, tech research firm IDC has calculated. But that is down from more than 90% in 2017.

Intel's most powerful fourth-generation Xeon processor for data centers, Sapphire Rapids, had faced delays that gave competitor Advanced Micro Devices Inc time to catch up. But Rivera said Intel's "roadmap is on track" and was "hitting all of our key engineering milestones".

She added the fifth-generation Xeon processor, Emerald Rapids, was on track to be delivered at the end of this year and the next-generation Granite Rapids, which customers are testing now, would be delivered next year after the release of Sierra Forest.

Intel said the next power-efficient chip, Clearwater Forest, would come to market in 2025.

Rivera said that Intel was also working on building the Intel Developer Cloud with 256 Xeon chips and 512 Gaudi chips for artificial intelligence (AI) that would be available for AI developers to train and run new models. She said AI startups Hugging Face and Stable Diffusion were already using Intel chips.



Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
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Bosch to Cut Hours for 10,000 Workers in Germany

The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo
The logo of Bosch is seen at an office building in Kyiv, Ukraine July 6, 2020. REUTERS/Valentyn Ogirenko/File Photo

Robert Bosch, the world's largest car parts supplier, will reduce the working hours and pay of around 10,000 employees in Germany, going beyond previously announced reductions and in addition to thousands of job cuts announced on Friday.

In the latest sign of the challenges facing Germany's auto sector due to weak demand and competition from cheaper Chinese rivals, Bosch had said on Friday it would cut up to 5,550 jobs, a day after saying it would cut the working hours of 450 staff, Reuters reported.

Staff mostly on 38- or 40-hour contracts at sites around Germany will have their hours reduced to 35 hours, a spokesperson said on Saturday, confirming a report by dpa news agency.

The slowdown in the German car sector has also shaken Volkswagen, which is in an escalating dispute with workers over plans to close plants in Germany, and Mercedes , which has vowed to make tougher cost cuts.