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 said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.

If the rumors are to be believed, Intel may be gearing up for a major apology to gamers in the form of a suite of gaming-specific CPUs. Intel has suffered through multiple crises, a CEO ouster, sweeping layoffs,

Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to cut spending and revive the struggling American icon.

The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global silicon boom.

The Silicon Valley chip company, which has been struggling, quantified the job cuts it is making as it seeks to turn its business around.

Intel warned investors on Thursday that it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factories.

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call that turning around the troubled chipmaker would take time.

The networking division, which develops advanced communication and network cards for data centers and AI, employs thousands of employees, of which about 400 are in Israel, in the company's offices in Petah Tikva, Jerusalem and Haifa. One of Intel's vice presidents in Israel is the division's local development manager, Sharon Elmosnino-Almog.