Intel (INTC) to Build Data Center Research Lab in Hillsboro

Intel Corporation INTC is set to make an investment of $700 million to construct a 200,000–square-foot lab to focus on data center sustainability research and expand its product development initiatives. This latest investment by Intel in Oregon will help researchers toil on technology to address immersing cooling, effective usage of water and recapturing and reusing of heat.

The company has also clarified that the center will qualify, test and enable its portfolio of data center products, including processors, memory technologies, FGPA chips, Xe architecture, Habana accelerators and future products that are still under development. Construction of the lab will commence this year at the Jones Farm campus in Hillsboro, OR, with the opening expected in late 2023.

Additionally, the company has launched an open intellectual property immersion liquid cooling solution and reference design, a concept created in Taiwan with the hope of bringing this technology to the broader data ecosystem. An advantage of this solution is that the computers will be submerged in a unique liquid which is a good thermal conductor with little or no electricity, reducing heat in the hardware.

Intel is particularly optimistic about the data center business. The drive to lower cost computing devices is increasing the pressure on servers that are taking the load off these devices. As more information in various structures and formats is increasingly stored in the cloud, there is demand for a new breed of chips that are more efficient in terms of cost and energy but may not pack in quite as much computer power as in the past.

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Intel has lost 26.9% over the past year compared with the industry’s decline of 2.8%.

It currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Coupa Software Incorporated COUP is a better-ranked stock in the broader Zacks Computer and Technology sector, carrying a Zacks Rank #2 (Buy). Coupa Software has a long-term earnings growth expectation of 22.32%.

Coupa Software’s smart and efficient spend-control programs that provide enhanced reporting and analytics have been the primary reason behind its expanding clientele.

SAP SE SAP, carrying a Zacks Rank #2, is a key pick for stock investors. SAP has a long-term earnings growth expectation of 5.89%.

SAP, with its Rise with SAP solution, was adopted by clients, including Accenture, Canon Production Printing, Exide Industries Limited, NEC Corporation, Qinqin Food, Rising Auto and TELUS.

Silicon Motion Technology SIMO also carries a Zacks Rank #2. It has a long-term earnings growth expectation of 9%, with an earnings surprise of 1.05% on average in the trailing four quarters.

Silicon Motion has established itself as the leading merchant supplier of client SSD controller to module makers, including most leaders in the United States.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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