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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:
This news follows layoffs of 15% last year and a memo from Tan earlier this year that referenced “critical changes [that] ...
Intel CEO Lip-Bu Tan says the company is making hard but necessary decisions.NurPhoto/. Intel's second-quarter results ...
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...
Intel is set to report its sixth consecutive net loss on July 24, while revenue is expected to drop for a fifth straight ...
Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO ...
Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...
Intel to lay off 24,000 employees, nearly a quarter of its workforce, by year-end 2025. The move addresses losses, ...
Intel is planning to spin off its networking unit as the struggling chipmaker looks to shed assets and cut costs under the ...
Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of ...
Intel CEO Lip-Bu Tan says it's "too late" to catch up with its rivals in the AI sector, laying off thousands of US workers to ...
I’m also instituting a policy. Every major chip design needs to be personally reviewed and approved by me before tape out. He ...
Even in the US, where there's a push for more domestic manufacturing, especially in semiconductors, by consecutive ...
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