Intel, Deep Job Cuts
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Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.
Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI inference, admitting that Nvidia's lead is just too great.Intel could find success in this portion of the AI market,
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost control, and execution.
Apple could move to a dual-sourcing semiconductor strategy with next-gen 1.4nm chips using both Intel and TSMC for future M-series processors.
The US tech industry is undergoing a significant transformation due to the rise of AI, leading to substantial layoffs at major companies like Intel, M
Artificial intelligence companies are largely cheering President Trump’s “AI Action Plan” issued this week — no surprise, since it reduces regulations to make it easier for them to make money.
Intel posts strong earnings; markets unfazed. Discover why experts rate it a buy & key metrics like cash flows and margins to watch moving forward.
On a Mission to Dominate British chip design titan Arm Holdings (NASDAQ:ARM) sent shockwaves through the tech industry earlier this year with a bold claim: it aims to capture 50% of the data center CPU market by the end of 2025,
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.
Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 earnings and layoff announcement, threatening to erase most yearly gains.
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 Corporation (NASDAQ:INTC) is one of the 12 Best Ethical Companies to Invest in 2025. On July 24, 2025, Intel Corporation (NASDAQ:INTC) reported its financial performance for Q2, surprising Wall Street with a revenue of $12.