News

Intel’s CEO just revealed why more layoffs are coming. His memo shows the grim impact of course correction
This news follows layoffs of 15% last year and a memo from Tan earlier this year that referenced “critical changes [that] ...
DATAQUEST3h
Intel to cut 24,000 jobs as CEO aims to reshape chipmaker’s future
Intel to lay off 24,000 employees, nearly a quarter of its workforce, by year-end 2025. The move addresses losses, ...
Intel CEO outlines 'hard but necessary decisions'; Trader Guilfoyle: CEO Tan 'Has a Chance'
Intel CEO Lip-Bu Tan says the company is making hard but necessary decisions.NurPhoto/. Intel's second-quarter results ...
Intel is laying off thousands of US workers in AI restructuring — CEO Lip-Bu Tan says it's "too late" to catch up with the competition
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 ...
CIO Dive17h
Intel gets a boost from AI-enabled PCs as its foundries flounder
The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...
eeNews Europe30m
Intel cancels German fab, looks to sell off Edge chip business
Intel is cancelling its leading edge fab in Madgeburg, Germany, as well as a chiplet packaging plant in Poland as part of its ...
Intel slides after CEO struggles to show turnaround on track
Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...
Intel's German megafab dream is over: CEO Lip-Bu Tan kills the project, beset with setbacks from EU funding to ancient neolithic remains, to save cash
Even in the US, where there's a push for more domestic manufacturing, especially in semiconductors, by consecutive ...