News

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

Intel Stock Tumbles After CEO Says ‘No More Blank Checks’ for Chip Foundry

Acree kept a Hold rating on Intel stock with no price target.
CRN2d

Exclusive: Intel Reveals Plan To Spin Off Networking Business In Memo

Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...
Hoodline2d

Intel Decelerates Ohio Project Construction, CEO Cites Alignment With Market Demand Amid Financial Adjustments

Intel has announced a slowdown in the construction of its Ohio projects to align spending with market demands.
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Intel’s new CEO ‘isn’t thinking about massive changes’

New Intel CEO Lip-Bu Tan is shaking up the company’s organizational structure and cutting costs but isn’t remaking its strategy, one of his top lieutenants told investment bankers Tuesday.

Intel says a fifth of its workforce will be gone by year’s end

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...
Packers Wire20d

Intel's new CEO considers big chipmaking shift, Reuters reports

Intel's new chief executive is exploring a big change to its contract manufacturing business to win major customers, two ...
USA Today20d

Intel, investing billions in Ohio plants, considers big change

Intel CEO seeks advantages over TSMC. Persuading outside clients to use Intel's factories remains key to its future. As its 18A fabrication process faced delays, rival TSMC's N2 technology has ...