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Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks'
Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock fell about 5% in extended trading. Here's how the chipmaker did versus LSEG consensus estimates:
A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...
"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...
Intel Corporation's latest Q2 earnings have embedded several bombshell updates to its turnaround strategy. Click here to find ...
After all, Lip-Bu Tan is not just tweaking the playbook for Intel stock – he’s rewriting it! Since stepping into the role in ...
It is beginning to look like Intel plans to milk the impending 18A manufacturing process for a long time. The 18A process is ...
Intel delivered better-than-expected revenue for its second quarter and issued a fairly positive outlook for its third ...
Intel faces earnings pressure from restructuring and slow progress but shows long-term turnaround potential with CapEx cuts.
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