Intel cuts back spending, workforce
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The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global silicon boom.
We will investigate these troubling disclosures fully and leave no stone unturned to deliver justice,” Bondi said.
Intel is set to slash nearly 4,000 jobs across the US, with the deepest cuts — 2,400 positions — in Oregon alone. The layoffs, part of new CEO Lip-Bu Tan’s aggressive restructuring plan, reflect the chipmaker’s continued decline amid stiff competition and AI disruption.
COLUMBUS, Ohio (WCMH) — Intel released its annual 2024 report and 2025 forecast, addressing financial and political concerns that will affect the Ohio One plant. On Thursday, Intel released b…
Intel Q1 Earnings Ahead: Focus on tariff impact as new CEO makes earnings debut Apr. 23, 2025 12:49 PM ET Intel Corporation (INTC) Stock By: Akanksha Khushi , SA News Editor 6 Comments Play ( 2min )
JOHNSTOWN, Ohio (WCMH) — Despite numerous delays in the Intel semiconductor plant in Licking County, most local leaders said they’re confident the facility will eventually open. C…