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Challenge Aims to Foster Technology Innovation to Build Products that Help Scale Technology Adoption in India

 

NEWS HIGHLIGHTS

  • IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship* (CIIE) will be the execution partner for the challenge.
  • Intel and CIIE will work closely with MyGov* for program facilitation and popularization through application management and social media support.
  • The challenge, running from April 2015 to January 20161, is open to academia, aspiring entrepreneurs and startups.
  • Total grants worth Rs.1.5 crs; top three will get access to seed fund of Rs.20 lakhs each.2

 

 

Intel_DST_TechnologyInnovationLaunch.jpg

From Left to Right: Professor Rakesh Basant, chairperson, CIIE; Ms. Debjani Ghosh, vice president, Sales and Marketing Group and managing director, Intel South Asia; Shri H K Mittal, Member Secretary, National Science and Technology Entrepreneurship Development Board (NSTEDB); Vikas Jain, co-founder, Micromax Informatics and Shri Gaurav Dwivedi, CEO, MyGov.in

NEW DELHI, April 24, 2015 – Intel in India reinforced its commitment to the Government of India's Digital India vision with the announcement of the Intel and DST "Innovate for Digital India Challenge", which will focus on the creation of products to increase technology adoption in India that will eventually result in the creation of a local technology ecosystem. It will be open to aspiring and existing entrepreneurs, innovators, academia, designers, engineers and makers from diverse backgrounds. Participants will be provided mentoring by industry stalwarts and Intel experts, assistance in terms of technical know-how, access to product kits and infrastructure, and commercialization opportunities. They will also be offered market linkages and access to funds at various stages to help make their ideas a reality.

 

The challenge was designed in collaboration with the Department of Science and Technology* (DST), with support from the Department for Electronics and Information Technology*, MyGov.in* and will be managed by IIM Ahmedabad's Centre for Innovation Incubation and Entrepreneurship*(CIIE).Shri R S Sharma, Secretary, Department of Electronics and Information Technology (DeitY),  Ministry of Communications and Information Technology, Government of India, led the launch event together with Shri H K Mittal, Member Secretary, National Science and Technology Entrepreneurship Development Board (NSTEDB); Shri Gaurav Dwivedi, CEO, MyGov.in; Professor Rakesh Basant, chairperson, CIIE; Vikas Jain, co-founder, Micromax Informatics; and Ms. Debjani Ghosh, vice president, Sales and Marketing Group and managing director, Intel South Asia.

 

Speaking at the event, Shri Ram Sewak Sharma, Secretary, Department of Electronics and Information Technology (DeitY), Ministry of Communications and Information Technology, Government of India, said, "We are delighted to see industry leaders like Intel contributing to nation building and joining forces with the government in its journey to transforming India into a knowledge economy. With this challenge, we expect to see breakthrough ideas and ingenious innovations that will solve some of India's key challenges."

 

The challenge aims to encourage the creation of intuitive, easy-to-use solutions that can increase access to critical services imperative for development. Eventually the best ideas will get help for commercialization leading to the creation of a local technology ecosystem furthering the government's Make in India vision. The challenge will encourage the application of the principles of frugal innovation and a strong understanding of Indian lifestyles. It will focus on innovation in two broad areas. The first is innovation to create the ideal citizen's device platform, including biometric sensing capabilities, peripherals using other sensors, intuitive user interface, gesture recognition, multilingual support and voice support. The second area is innovation to deliver eKranti*/MyGov applications to accelerate delivery of e-governance services on a mobile platform.

 

Shri H K Mittal, Member Secretary, National Science and Technology Entrepreneurship Development Board (NSTEDB), said, "Innovation always leads the way to finding the most creative solutions to societal challenges. Generating innovation is not the job of the government alone. Therefore it gives me great optimism to have Intel come forward - through Public Private Partnerships - to accelerate innovation and entrepreneurship in India."

 

"Innovation is part of Intel's DNA," said Ms. Ghosh. "This challenge will combine Intel's history of game-changing innovation and world-class technology with the government's bold Digital India vision and the immense entrepreneurship talent in the country to create a sustainable tech ecosystem that is innovating for India. We are excited to collaborate with DST to launch the Innovate for Digital India Challenge to champion new solutions to make technology more effective in India as a channel to drive real ground-up development. Through this challenge, we aim to bring to market tangible products and solutions that will help make Digital India a reality."

 

Intel recently celebrated 50 years of Moore's Law. It remains Intel's driving force that will enable an emerging generation of inventors, entrepreneurs and leaders to reimagine the future. Moore's Law doesn't just drive technological change; it also creates huge economic value and drives social advancement. Launching this challenge in the same week as the 50-year celebration of Moore's Law reemphasizes Intel's commitment to innovation.

 

Intel has been fostering innovation for more than two decades in India from school level to higher education, including Ph.D. Fellowships. More than 180 Indian school students have participated in the Intel® International Science and Engineering Fair to date, with 18 Indian winners, who have minor planets named after them. The Intel® Higher Education Program bridges the gap between academia and industry standards to promote innovation and entrepreneurship and has reached more than 235,000 students and 4,500 faculty members across 550 institutions to date. Last year, Intel India announced the Intel® Ph.D. Sponsorship Program to boost quality research and enhance Ph.D. programs across the country.

 

The Intel Innovate for Digital India Challenge in association with the Department of Science and Technology is a bold attempt from Intel to foster grassroots level innovation that will help bring technology to every household in India.

 

"The MyGov platform is designed to link government and citizens," said Mr. Gaurav Dwivedi, CEO, MyGov. "We are proud to support this challenge by connecting the government with entrepreneurs and innovators to come forward with solutions made in India, for India."

 

Speaking about the role of CIIE-IIMA, Professor Rakesh Basant said, "Incubation centers play a critical role in helping entrepreneurs scale up and are an essential part of the Indian ecosystem to build a digitally empowered country. We are excited to collaborate with the government and Intel to create a platform for young innovators across the nation to showcase their ideas and support them in their journey from ideas to products."

 

Press Materials

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world's first commercially available "conflict-free" microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com and about Intel's conflict-free efforts at conflictfree.intel.com.

 

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

 

*Other names and brands may be claimed as the property of others.

 

1 These are proposed dates and subject to change.

 

2 Detailed terms and conditions on the challenge and prize money are available at www.InnovateForDigitalIndia.intel.in

iconia_tab_10.jpg

Acer Iconia Tab 10

Today Acer announced their newest devices including tablets, 2 in 1s, notebooks and Chromebooks that will be available for the back to school season. The Acer Aspire line includes the full-featured Acer Aspire V 15, Aspire E series and Aspire ES series, and are powered by the 5th generation Intel® Core™ processor, Intel® Celeron™ or Intel® Pentium™ processors to suit all students' needs. Intel® Atom™ processors power the newest Acer tablets – the Iconia One 8 and the Iconia Tab 10, designed for education purposes. Also introduced was the budget-friendly Acer Chromebook 15 CB3-531, featuring an Intel® Celeron™ processor and Intel® HD Graphics. For more information, visit: acer.com/nextatacer.

The Intel® Compute Stick, a new pocket-sized computer based on a quad-core Intel® Atom™ processor running Windows* 8.1 with Bing, is available now through Intel Authorized Dealers for much of the world. The Intel Compute Stick can transform any HDMI display into an entry computer capable of working with productivity apps, playing local or streamed content, driving basic digital signage or enabling thin clients. It will support Wireless 802.11 b/g/n, a microSD card for expandable memory, MicroUSB power supply and Bluetooth* 4.0 for keyboard and mouse. The Windows version, available now, is expected to retail starting at $149. A Linux version with Ubuntu*, available this summer, is expected to retail for $110. Online etailers such as Amazon*, Newegg*, BestBuy.com*and others are expected to carry the product. More information can be found in our broadcast video gallery and on the Intel® Compute Stick site.

 

Interactive Photo Capsule: Intel® Compute Stick

This evening at the Code/Enterprise Series event in San Francisco, Diane Bryant, senior vice president and general manager of Intel’s Data Center Group, will have a conversation with reporters, Arik Hesseldahl and Ina Fried, about the disruptive power the data center has to impact entire industries and societies; the massive transformation underway in the digital services economy; and workplace diversity in the technology industry. Diane is also planning to address the current state of Intel’s data center business, and explain that the industry is still in the early stages of what data centers can offer businesses and consumers. Access live updates of the event, which begins at 6:00 pm PT. Curated highlights of the event will appear in the coming days.

This evening at the Code/Enterprise Series event in San Francisco, Diane Bryant, senior vice president and general manager of Intel’s Data Center Group, will have a conversation with reporters, Arik Hesseldahl and Ina Fried, about the disruptive power the data center has to impact entire industries and societies; the massive transformation underway in the digital services economy; and workplace diversity in the technology industry. Diane is also planning to address the current state of Intel’s data center business, and explain that the industry is still in the early stages of what data centers can offer businesses and consumers. Live updates of the event, which begins at 6:00 pm PT, can be accessed here, and curated highlights of the event will appear in the coming days.

Intel ranked tenth on Forbes' annual World's Most Reputable Companies list. The ranking, developed by the Reputation Institute, recognizes the 100 most highly regarded companies across 15 countries, evaluating consumer perspective on what drives trust and support and how companies are living up to their expectations. Intel has been included on the list since 2008.

Intel was named one of the world's best corporate citizens by Corporate Reputation Magazine (CR Magazine) in their annual 100 Best Corporate Citizens ranking. Intel moved up the list to number 7. The list ranks companies based on environment, climate change, employee relations, human rights, governance, finance and philanthropy. Check out Intel's Corporate Responsibility Report to learn more about Intel's efforts.

Today marks the 50th anniversary of Moore’s Law, an unspoken agreement between the electronics industry and the world economy that inspires engineers, inventors and entrepreneurs to think about what is possible. Moore’s Law enables much of today’s innovation - wearable technology, genomic sequencing, smart cities –and is helping industries tackle seemingly intractable problems and turning fantastic ideas into profitable business ventures. What will the next 50 years hold?

 

 

Moore's Law 50th Anniversary Interactive News Capsule

Mashery, an Intel Company, which provides API management technology and services, has been recognized as a “Leader” by Gartner in its 2015 Magic Quadrant report on Application Services Governance for the second time in a row. The report evaluated 15 vendors based on completeness of vision and ability to execute, and is available for download here.

Today Intel announced the completion of its purchase of Lantiq, a leading supplier of broadband access and home networking technologies. The acquisition will enable Intel to extend its success in cable home gateways into DSL and fiber markets, giving it expanded coverage of broadband access methods around the world. The teams have already begun developing innovative ways to use their combined IP to create new products to benefit customers.

Intel Corporation was recognized among the best employers for veterans and their families on Military Times Best for Vets: Employers 2015 list. The ranking evaluates key factors that make a company a good fit for military veterans and spouses, including recruitment, company policies and benefits, and culture. For more information about Intel's work with veterans, please visit the Careers for Military page.

News Highlights:

  • Flat revenue year-on-year: PC business down, offset by growth in data center, Internet of Things (IoT) and non-volatile memory businesses
  • Operating income of $2.6 billion, up 4 percent year-over-year
  • Data Center Group revenue of $3.7 billion, up 19 percent year-over-year; Internet of Things Group revenue of $533 million, up 11 percent year-over-year

 

SANTA CLARA, Calif., April 14, 2015 -- Intel Corporation today reported first-quarter revenue of $12.8 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 41 cents. The company generated approximately $4.4 billion in cash from operations, paid dividends of $1.1 billion, and used $750 million to repurchase 21 million shares of stock.

 

"Year-over-year revenues were flat, with double-digit revenue growth in the data center, IoT and memory businesses offsetting lower than expected demand for business desktop PCs," said Intel CEO Brian Krzanich. "These results reinforce the importance of continuing to execute our growth strategy."

 

Q1 Key Business Unit Trends

  • Client Computing Group revenue of $7.4 billion, down 16 percent sequentially and down 8 percent year-over-year.
  • Data Center Group revenue of $3.7 billion, down 10 percent sequentially and up 19 percent year-over-year.
  • Internet of Things Group revenue of $533 million, down 10 percent sequentially and up 11 percent year-over-year.
  • Software and services operating segments revenue of $534 million, down 4 percent sequentially and down 3 percent year-over-year.

 

Financial Comparison
Quarterly Year-Over-Year
Q1 2015Q1 2014vs. Q1 2014
Revenue$12.8 billion$12.8 billionflat
Gross Margin60.5%59.6%up 0.9 point
R&D and MG&A$4.9 billion$4.9 billionup 1%
Operating Income$2.6 billion$2.5 billionup 4%
Tax Rate25.5%27.7%down 2.2 points
Net Income$2.0 billion$1.9 billionup 3%
Earnings Per Share41 cents38 centsup 8%

 

Financial Comparison
Quarterly Sequential
Q1 2015Q4 2014vs. Q4 2014
Revenue$12.8 billion$14.7 billiondown 13%
Gross Margin60.5%65.4%down 4.9 points
R&D and MG&A$4.9 billion$5.0 billiondown 2%
Operating Income$2.6 billion$4.5 billiondown 41%
Tax Rate25.5%21.4%up 4.1 points
Net Income$2.0 billion$3.7 billiondown 46%
Earnings Per Share41 cents74 centsdown 45%

 

Business Outlook

Intel's Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after April 14.

 

Q2 2015

  • Revenue: $13.2 billion, plus or minus $500 million.
  • Gross margin percentage: 62 percent, plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $4.9 billion.
  • Restructuring charges: approximately $120 million.
  • Amortization of acquisition-related intangibles: approximately $60 million.
  • Impact of equity investments and interest and other: approximately $60 million net gain.
  • Depreciation: approximately $2.0 billion.
  • Tax rate: approximately 20 percent.

 

Full Year 2015

  • Revenue: approximately flat.
  • Gross margin percentage: 61 percent, plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $19.7 billion, plus or minus $400 million.
  • Amortization of acquisition-related intangibles: approximately $250 million.
  • Depreciation: $8.0 billion, plus or minus $100 million.
  • Tax rate: approximately 25 percent for the third and fourth quarters.
  • Full-year capital spending: $8.7 billion, plus or minus $500 million.

 

For additional information regarding Intel's results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

 

Status of Business Outlook

Intel's Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business on June 12 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring charges, and tax rate, will be effective only through the close of business on April 21. Intel's Quiet Period will start from the close of business on June 12 until publication of the company's second-quarter earnings release, scheduled for July 15. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

 

Risk Factors

The above statements and any others in this release that refer to plans and expectations for the second quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "may," "will," "should" and their variations identify forward-looking statements. Statements that refer to  or are based on projections, uncertain events or assumptions also identify forward-looking statements.  Many factors could affect Intel's actual results, and variances from Intel's current expectations  regarding such factors could cause actual results to differ materially from those expressed in these  forward-looking statements. Intel presently considers the following to be important factors that could  cause actual results to differ materially from the company's expectations.

  • Demand for Intel's products is highly variable and could differ from expectations due to factors including changes in business and economic conditions; consumer confidence or income levels; the introduction, availability and market acceptance of Intel's products, products used together with Intel products and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.
  • Intel's gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; and product manufacturing quality/yields. Variations in gross margin may also be caused by the timing of Intel product introductions and related expenses, including marketing expenses, and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, which may result in restructuring and asset impairment charges.
  • Intel's results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates. Results may also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, which could be changed without prior notice.
  • Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term.
  • The amount, timing and execution of Intel's stock repurchase program could be affected by changes in Intel's priorities for the use of cash, such as operational spending, capital spending, acquisitions, and as a result of changes to Intel's cash flows or changes in tax laws.
  • Intel's expected tax rate is based on current tax law and current expected income and may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments, interest rates, cash balances, and changes in fair value of derivative instruments.
  • Product defects or errata (deviations from published specifications) may adversely impact our expenses, revenues and reputation.
  • Intel's results could be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel's ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.
  • Intel's results may be affected by the timing of closing of acquisitions, divestitures and other significant transactions.

 

A detailed discussion of these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Form 10-K and Form 10-Q.

 

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

 

Intel plans to report its earnings for the second quarter of 2015 on July 15. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, Intel CFO and executive vice president, at www.intc.com/results.cfm. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com, and about Intel’s conflict-free efforts at conflictfree.intel.com.

 

Intel, the Intel logo and Ultrabook are trademarks of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

April 19 marks the 50th anniversary of Moore’s Law: a simple observation that even Gordon Moore didn't realize for five decades would remain the competitive force that brings the benefits of technology to more people at ever lower costs. Millennials have become the stewards of Moore’s Law: continuously finding ways to shrink technology, make it more power efficient and rethink where – and in what situations – computing is possible and desirable. Perhaps the greatest impact is yet to come. Visit the Moore's Law 50th Anniversary press kit for more information.

 

Video

Intel Co-founder Gordon Moore: Thoughts on the 50th Anniversary of Moore’s Law

https://www.youtube.com/watch?v=ylgk3HEyZ_g

 

Today Intel announced the U.S. Department of Energy's (DOE) Argonne Leadership Computing Facility has awarded Intel Federal LLC, a wholly-owned subsidiary of Intel Corporation, a contract to deliver two next-generation supercomputers at Argonne National Laboratory. Designed and built in partnership with Cray Inc., the system, to be called Aurora, will be based on Intel's high performance computing (HPC) scalable system framework and Cray's next-generation "Shasta" supercomputer. Aurora will be delivered in 2018 and have a peak performance of 180 petaFLOPS, making it the largest system currently procured worldwide. This contract is part of the DOE's initiative to build state-of-the-art supercomputers at Argonne, Lawrence Livermore and Oak Ridge National Laboratories that will help advance U.S. leadership in scientific research and position it at the forefront of next generation exascale computing for years to come. Review this interactive photo capsule for more information.

 

Interactive Photo Capsule

Intel Security has played a leading role in Operation Source, a law enforcement action in coordination with Europol, Dutch police, the U.S. FBI and others to take down a “polymorphic” botnet responsible for infecting tens of thousands of victim systems, with 5 million unique malware strains, across more than 195 countries. Intel’s McAfee Labs identified Beebone in March 2014 and developed an automated monitoring system to identify and mimic communications between the botnet and its hosts. Operation Source leveraged Intel’s resulting intelligence to enable law enforcement, ISP, and CERT partners to seize the botnet’s domains and shut down its operations. Additionally, Intel Security has released a free tool to allow IT administrators and individual users to clean and restore computers infected by Beebone.

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