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Echodyne develops compact, affordable electronically scanning radars for autonomy and security using metamaterials (MESA technology); raised $199M+ total; backed by Bill Gates, NEA, Northrop Grumman, and Hyundai;
Echodyne is a radar technology company founded in 2014 and headquartered in Kirkland, Washington. The company was spun out of Intellectual Ventures and is commercializing Metamaterial Electronically Scanning Array (MESA) radar technology — a novel approach that uses engineered metamaterials to achieve the performance of traditional phased-array radar at a fraction of the cost, size, and weight. MESA radars can electronically steer their beam in 3D without any moving parts, enabling high-resolution, wide-field sensing in compact form factors suitable for drones, autonomous vehicles, ground robots, fixed-site security, and perimeter protection.
Santa Clara semiconductor manufacturer (NASDAQ: INTC) $53.1B FY2024 revenue; $18.8B net loss, Gelsinger resignation Dec 2024, Intel 18A foundry bet, losing CPU/GPU share to AMD and NVIDIA.
Intel Corporation is a Santa Clara, California-based semiconductor company — publicly traded on the NASDAQ (NASDAQ: INTC) as an S&P 500 Information Technology component — designing and manufacturing microprocessors, chipsets, graphics processors, FPGAs, Ethernet controllers, and AI accelerators for personal computers, data center servers, network infrastructure, and embedded applications through approximately 108,000 employees (reduced from 120,000 through 2024 workforce restructuring). Intel faces its most significant competitive and strategic challenge in its 55-year history: in fiscal year 2024, Intel reported revenues of $53.1 billion (-2% year-over-year) with a net loss of approximately $18.8 billion — reflecting $16.6 billion in goodwill and asset impairment charges related to Intel Foundry's strategic reassessment, the most severe annual loss in Intel's history. CEO Pat Gelsinger resigned in December 2024 (effectively forced out by the Intel board after 4 years of leading the IDM 2.0 / Intel Foundry turnaround strategy) — with David Zinsner and Michelle Johnston Holthaus serving as interim co-CEOs while the board searched for a permanent successor. Intel's IDM 2.0 strategy (building Intel Foundry as an external contract semiconductor manufacturer competing with TSMC and Samsung Foundry) consumed $20+ billion in capital expenditure annually to construct the Ohio One and Arizona Fab 52/62 fabs while Intel's own products (Core Ultra processors, Gaudi AI accelerator) lost market share to AMD Ryzen CPUs and NVIDIA's GPU dominance — leaving Intel financially strained from capital deployment while failing to reverse the competitive momentum losses in its product businesses.
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