News

Intel’s Harsh Reality Nullifies Tariff Boost — Heard on the Street
In a way, Intel just reported its best quarter in years. But given the harsh realities the chip maker faces, that’s no longer ...
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...
Intel cuts 15% of its staff as it pushes to make a comeback
Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling ...
Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound
The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global ...
Intel to separate networking unit as new CEO Tan overhauls business
Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of ...
Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans
Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...
Intel’s CEO needs a path to profits to win over stock skeptics
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...
Intel plans to shed thousands of workers
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the struggling chipmaker's ...
Intel drops 8% as chipmaker's foundry business axes projects, struggles to find customers
Intel’s stock dropped 9% after the chipmaker said it would slash foundry costs in its latest attempt to turnaround its ...