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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 enough. Strong PC shipments by manufacturers looking to get ahead of tarif
Intel is spinning off its Network and Edge group
Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
Intel keeps carving off pieces of itself — networking is the latest.
Intel is cutting tens of thousands of employees, cutting investment around the world, and moving away from entire businesses too. After shutting down its automotive chipmaking business and spinning out its RealSense computer vision business,
'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere
Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned projects.
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 fortunes.
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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%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide. The cuts are part of the struggling chipmaker’s efforts to turn things around and compete in the booming AI market.
Intel’s CEO just revealed why more layoffs are coming. His memo shows the grim impact of course correction
The sum beat Wall Street forecasts, according to consensus estimates cited by CNBC, but it wasn’t enough to offset news about higher losses, additional layoffs, and the scaling back of Intel’s foundry business.
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