Intel’s CEO search in focus as chipmaker set to post lower revenue
1 month, 3 weeks ago

Intel’s CEO search in focus as chipmaker set to post lower revenue

Live Mint  

By Arsheeya Bajwa - Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market. Interim co-CEOs, Michelle Johnston Holthaus and David Zinsner, said last month a spinoff of that business may be on the table if Intel's 18A chipmaking technology slated for this year does not succeed. Northland Capital, which has an "outperform" rating for Intel, said Intel's share price should rest at about $28, giving it a market value of more than $120 billion. MARGIN PRESSURE Still, analysts expect high costs and weaker revenue to drag Intel's fourth-quarter gross margin by 9 percentage points to 39.4%, according to data compiled by LSEG.

Market Revenue Share Quarter Intel Chip  intels  search  chipmaker  manufacturing  post  ceo  intel  lower  market  revenue  chips  analysts  set  chip  quarter  focus  share

History of this topic

Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know
Trending News
3 days, 11 hours ago

Intel’s New CEO Lip-Bu Tan Prepares Bold Moves To Revamp AI, Chip Manufacturing: All You Need To Know

ABP News  

Intel’s incoming CEO, Lip-Bu Tan, is gearing up for a sweeping transformation of the company, with plans to refine its artificial intelligence approach and restructure chip manufacturing. His strategy also includes optimising Intel’s manufacturing operations, which have expanded beyond internal chip production to accommodate external clients such as Nvidia. Stock Soars as Investors Eye Strategic Shifts Following reports of Tan’s …

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan
1 week ago

Intel shares jump 15% as investors bet on new CEO Lip-Bu Tan

India Today  

Shares of Intel surged 14% on Thursday after the company announced Lip-Bu Tan as its new CEO, with investors reacting positively to the decision, as Tan is seen as a strong leader with deep industry connections. TD Cowen analysts said, "Tan in as CEO at Intel was as good as stakeholders could have hoped for," adding that his "deep relationships" …

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense
1 week, 1 day ago

Struggling chipmaker Intel sees shares jump 12% as it names new CEO to end 3-month suspense

Firstpost  

Struggling chipmaker Intel has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Image Credit: Reuters Struggling chipmaker Intel, once a leader in the semiconductor industry, has appointed former board member and semiconductor expert Lip-Bu Tan as its new CEO. Tan, 65, will take charge next Tuesday, over three months after former CEO Pat Gelsinger suddenly …

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan
1 week, 1 day ago

Intel CEO Signals That He’ll Stick With Contentious Foundry Plan

Live Mint  

-- Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he’ll stick with his predecessor’s plan to make chips for other companies, even as he vows to learn from past mistakes. “We will work hard to restore Intel’s position as a world-class products company, establish ourselves as a world-class foundry and delight our customers like never before,” he …

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt
1 week, 1 day ago

Intel hires former board member as new CEO in struggling chipmaker’s latest comeback attempt

Associated Press  

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around a once-dominant company that helped define Silicon Valley. Tan, 65, will take over the daunting job next Tuesday, more than three months after Intel’s previous CEO, Pat Gelsinger, abruptly retired amid a deepening …

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO
1 week, 1 day ago

Intel Names Chip Industry Veteran Lip-Bu Tan as Its Next CEO

Live Mint  

-- Intel Corp. named Lip-Bu Tan as its next chief executive officer, entrusting a former board member and semiconductor veteran with one of the toughest jobs in the chip industry. Tan, the former head of Cadence Design Systems Inc., is tasked with restoring the fortunes of a pioneering chipmaker that’s become an industry laggard. One of the most glaring challenges: …

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD
1 month ago

Intel share price gains over 10% after rivals TSMC, Broadcom eye potential split deals; stock up 18% YTD

Live Mint  

Intel share price: Intel rose over 10 per cent on Tuesday, February 18, after a report over the weekend said rivals Taiwan Semiconductor Manufacturing Co and Broadcom were each eyeing potential deals that could break the chipmaking icon in two. Intel share price today Intel shares climbed as high as $26.24 in New York trading Tuesday, marking the biggest single-day …

Intel’s stock is soaring, but a rescue will be hard to pull off
1 month, 1 week ago

Intel’s stock is soaring, but a rescue will be hard to pull off

Live Mint  

The Trump administration has effectively put a buy rating on Intel’s stock. Citing “discussions from the Asia supply chain," the report said Taiwan Semiconductor Manufacturing—better known as TSMC—could become a joint owner of Intel’s manufacturing business following a spinoff while also having charge of running the facilities. Still, Intel’s position as the only U.S.-based chip maker with leading-edge production capabilities …

AMD made massive gains on Intel in consumer PC CPU market share in 2024, server share passes 25%
1 month, 1 week ago

AMD made massive gains on Intel in consumer PC CPU market share in 2024, server share passes 25%

Firstpost  

Intel maintained a commanding lead in the consumer PC processor market with a 75.4 per cent unit share in Q4 2024. However, AMD made significant inroads, boosting both its unit and revenue share as more users opted for Ryzen processors By the end of 2024, AMD’s consumer CPU revenue share climbed to 24.6 per cent, marking a 4.5 per cent …

AMD’s AI bets face investor scrutiny as Big Tech switches to custom chips
1 month, 2 weeks ago

AMD’s AI bets face investor scrutiny as Big Tech switches to custom chips

Live Mint  

By Arsheeya Bajwa - AMD investors will closely examine the chip designer's artificial intelligence strategy when it reports fourth-quarter results on Tuesday as Big Tech's shift to custom silicon raises doubts about its place in the AI infrastructure race. Analysts expect AMD's December-quarter revenue to surge over 22% to $7.53 billion, but the company's growth prospects are shadowed by the …

Intel fourth-quarter revenue tops expectations as investors await new CEO
Trending News
1 month, 3 weeks ago

Intel fourth-quarter revenue tops expectations as investors await new CEO

The Hindu  

Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO. In its quarterly report after the closing bell, Intel said it expects first-quarter revenue of $11.7 billion to $12.7 billion, compared …

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024
2 months ago

Intel Corp shares gain 8% on Nasdaq over potential takeover speculations; stock down 60% in 2024

Live Mint  

Intel Corp. shares were trading over 8 per cent on Friday, January 17, as media reports emerged that the chipmaking giant is a potential acquisition target. Intel Corp. shares were trading 8.21 per cent higher at $21.29 as of 11:38 a.m., compared to $19.67 at the previous US market close. The company's shares jumped 7.6 per cent in the early …

Intel to Turn Venture Arm Into Separate Business With New Name
Trending News
2 months ago

Intel to Turn Venture Arm Into Separate Business With New Name

Live Mint  

-- Intel Corp., the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name. Intel’s venture arm is one of the best-known corporate investment vehicles in the history of Silicon Valley and has put more than $20 billion into businesses over the last 30 years. “Standalone …

Intel's Former CEO Pat Gelsinger Says He 'Fasts Every Thursday'. Here's Why
3 months, 1 week ago

Intel's Former CEO Pat Gelsinger Says He 'Fasts Every Thursday'. Here's Why

ABP News  

Pat Gelsinger, Intel's recently ousted CEO, has issued a heartfelt appeal, urging people to pray and fast in solidarity with the company’s 100,000 employees during a challenging period. Gelsinger’s departure comes after Intel’s board of directors decided to replace him, citing declining confidence in his leadership amid a turbulent year. Even after stepping down, Gelsinger has continued to defend Intel’s …

Mint Primer | CEO exits: Turning point or another blow for Intel?
3 months, 2 weeks ago

Mint Primer | CEO exits: Turning point or another blow for Intel?

Live Mint  

Once synonymous with semiconductor chips as “Intel Inside", the firm is struggling to regain its mojo after CEO Pat Gelsinger’s unexpected exit. Initially celebrated as the “saviour" of ailing Intel, Gelsinger’s abrupt retirement as CEO on 1 December saw the company’s stock rise 5.7% in intraday trading on Monday but close 0.5% lower. Gelsinger’s exit may slightly affect senior executives …

Intel ruled tech. Now it’s in deep trouble
3 months, 2 weeks ago

Intel ruled tech. Now it’s in deep trouble

CNN  

New York CNN — When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his company might face such a risk was purely theoretical. Shannon Stapleton/Reuters Other rivals, like AMD, also stole market share in the PC business, as …

Intel ruled tech. Now it’s in deep trouble
3 months, 2 weeks ago

Intel ruled tech. Now it’s in deep trouble

CNN  

New York CNN — When legendary former Intel CEO Andy Grove wrote his bestseller “Only the Paranoid Survive” in 1996 about how to predict tech inflection points that might undermine a business, the notion that his company might face such a risk was purely theoretical. Shannon Stapleton/Reuters Other rivals, like AMD, also stole market share in the PC business, as …

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows
3 months, 2 weeks ago

Intel CEO’s sudden exit: Pat Gelsinger to get $12 million as payout, firm’s regulatory filing shows

Live Mint  

Pat Gelsinger, who recently resigned as CEO from the struggling US chipmaker Intel Corp, could get as much as $12 million as payout, the company’s regulatory filing showed on Tuesday. The severance payment would include $1.9 million as base salary for 18 months and 1.5 times his target bonus of $3.4 million, payable over 18 months, said the company. Two …

Major US tech firm's CEO forced out after mass layoffs
3 months, 2 weeks ago

Major US tech firm's CEO forced out after mass layoffs

Daily Mail  

A major American tech firm is on the brink after its CEO was forced out following a mass layoff of 15 per cent of his company's staff. He will be replaced on an interim basis by David Zinsner, Intel's chief financial officer, and Michelle Johnston Holthaus, general manager of Intel's client computing group, as the company searches for a new …

Are Intel’s problems too big to fix?
3 months, 2 weeks ago

Are Intel’s problems too big to fix?

Live Mint  

Pat Gelsinger’s quest to save Intel has come to an abrupt end. Much rides on their success as 18A is the final phase of Gelsinger’s plan to have Intel race though five so-called “nodes" in four years. “As the standard-bearer for the company’s ‘five nodes in four years’ guiding mantra, Mr. Gelsinger’s sudden departure leaves us unsure of the strategic …

Major US tech firm is on the brink as CEO is forced out after 'challenging' year that saw 15% of staff laid off
3 months, 2 weeks ago

Major US tech firm is on the brink as CEO is forced out after 'challenging' year that saw 15% of staff laid off

Daily Mail  

A major American tech firm is on the brink after its CEO was forced out following a mass layoff of 15 per cent of his company's staff. He will be replaced on an interim basis by David Zinsner, Intel's chief financial officer, and Michelle Johnston Holthaus, general manager of Intel's client computing group, as the company searches for a new …

Intel’s troubles deepen, as its boss makes an abrupt exit
3 months, 2 weeks ago

Intel’s troubles deepen, as its boss makes an abrupt exit

Live Mint  

When Pat Gelsinger took over as Intel’s chief executive in 2021 he seemed to possess the same impatient mindset as his mentor, Andy Grove, a former boss of the chipmaker famed for declaring that “Only the paranoid survive". View Full Image Graphic; The Economist Mr Gelsinger’s ouster comes after the chipmaker posted a $16.6bn loss in its quarterly results last …

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions
Trending News
3 months, 2 weeks ago

Intel CEO Pat Gelsinger's Exit Creates Room For Fresh Deal Discussions

ABP News  

The sudden departure of Intel CEO Pat Gelsinger expected present a new opportunity for the struggling company to explore potential deal options, including those he previously dismissed during his tenure leading the chipmaker. However, Gelsinger opposed the idea of breaking up the company, focusing instead on his strategy to restore Intel's technological leadership and transform it into a contract manufacturer …

Intel’s CEO Pat Gelsinger's forced exit may lead to new discussions on chipmaker's sale to partners, rivals
3 months, 2 weeks ago

Intel’s CEO Pat Gelsinger's forced exit may lead to new discussions on chipmaker's sale to partners, rivals

Firstpost  

Under Pat Gelsinger as CEO Intel pursued some radical cost-cutting measures, including job cuts, paused plant construction in Europe, and a suspension of its dividend. However, a poor earnings report in August, including a surprise loss, pushed the board to consider more drastic moves Intel’s new leadership could bring a fresh perspective on partnerships and acquisitions. Image Credit: Reuters The …

Intel CEO Pat Gelsinger forced to retire after 40 years at the company, as chipmaker continues to struggle
3 months, 2 weeks ago

Intel CEO Pat Gelsinger forced to retire after 40 years at the company, as chipmaker continues to struggle

Firstpost  

Intel’s board lost confidence in CEO Pat Gelsinger’s leadership following a recent meeting that scrutinised the company’s performance and strategic plans. According to Bloomberg, Intel’s board lost confidence in CEO Pat Gelsinger’s leadership following a recent meeting that scrutinised the company’s performance and strategic plans. Interim leadership may bring fresh perspectives With Gelsinger’s departure, Intel’s interim co-CEOs bring a mix …

Intel’s CEO Departure Opens Door to Fresh Deal Discussions
3 months, 2 weeks ago

Intel’s CEO Departure Opens Door to Fresh Deal Discussions

Live Mint  

-- The abrupt departure of Intel Corp. Chief Executive Officer Pat Gelsinger offers a fresh opportunity for the troubled company to consider potential deal options, including scenarios that he rejected during his time running the chipmaker. Splitting Factory and Product Divisions This would involve fully separating Intel’s factory business from the more profitable unit that develops products. It’s also unclear …

Intel CEO Pat Gelsinger ousted after company's poor performance, board said resign or be fired
3 months, 2 weeks ago

Intel CEO Pat Gelsinger ousted after company's poor performance, board said resign or be fired

India Today  

Intel CEO Pat Gelsinger, who resigned on December 1, after the board, reportedly frustrated, forced him to step down due to the company’s prolonged struggles to keep up with competitors like Nvidia and TSMC. The decision came after a tense board meeting last week, where Gelsinger outlined Intel’s plans to regain market share and compete with rivals such as Nvidia. …

Intel CEO Pat Gelsinger's 'Bittersweet' response after being forced out
3 months, 2 weeks ago

Intel CEO Pat Gelsinger's 'Bittersweet' response after being forced out

India Today  

Intel Corporation’s Chief Executive Officer, Pat Gelsinger, has been forced to step down after the company’s board lost faith in his plans to revive the struggling chipmaker, reported Bloomberg. The board’s decision followed a tense meeting last week where Gelsinger discussed Intel’s efforts to regain market share and compete more effectively with rivals like Nvidia Corporation. Intel’s Chief Financial Officer, …

Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy
Top News
3 months, 2 weeks ago

Intel CEO Gelsinger ousted as Board loses confidence in revamp strategy

Live Mint  

Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement. Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger's costly and ambitious plan to turn …

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure
3 months, 2 weeks ago

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure

CNN  

CNN — Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. A company in transition Gelsinger stepped down as CEO and resigned from Intel’s board effective December 1, the company said Monday. He will be replaced by interim co-CEOs David Zinsner, Intel’s chief financial officer, and Michelle Johnston Holthaus, general manager of Intel’s client …

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure
3 months, 2 weeks ago

Pat Gelsinger, CEO of Intel, resigns after a disastrous tenure

CNN  

CNN — Intel Monday announced CEO Pat Gelsinger has resigned after a difficult stint at the company. A company in transition Gelsinger stepped down as CEO and resigned from Intel’s board effective December 1, the company said Monday. He will be replaced by interim co-CEOs David Zinsner, Intel’s chief financial officer, and Michelle Johnston Holthaus, general manager of Intel’s client …

Intel CEO retires as once-mighty chipmaker continues to struggle
3 months, 2 weeks ago

Intel CEO retires as once-mighty chipmaker continues to struggle

LA Times  

Intel CEO Pat Gelsinger speaks while holding a new chip, called Gaudi 3, during an event called AI Everywhere in New York on Dec. 14, 2023. Intel Chief Executive Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. “As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working …

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit
3 months, 3 weeks ago

Intel's $7.86 billion subsidy deal restricts sale of its manufacturing unit

The Hindu  

Intel said on Wednesday its deal for $7.86 billion in U.S. government subsidies restricts the company's ability to sell stakes in its chipmaking unit if it becomes an independent entity. The U.S. Commerce Department announced the subsidy to Intel on Tuesday, part of $39 billion for the sector including Taiwan Semiconductor Manufacturing Co and others in an effort to revitalize …

AMD Layoffs: To cut 4% of global workforce as it focuses on AI chip development
4 months, 1 week ago

AMD Layoffs: To cut 4% of global workforce as it focuses on AI chip development

The Hindu  

Advanced Micro Devices is laying off 4% of its global workforce, or about 1,000 employees, as it directs efforts towards developing AI chips in a bid to compete against industry bellwether Nvidia. AMD is regarded as the closest rival to Nvidia in the lucrative market for chips that form the brains of complex data centers that can process the large …

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
6 months ago

Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary

Associated Press  

Shares of Intel are surging before the market opens Tuesday after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvigorate its business. CEO Pat Gelsinger said in a message to employees late Monday that Intel will create an AI fabric chip for Amazon’s cloud services division at …

Intel shares jump on chip deal with Amazon
6 months ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Intel shares jump on chip deal with Amazon
6 months ago

Intel shares jump on chip deal with Amazon

CNN  

New York CNN — Intel’s struggling chip-making business got a boost Monday from a high-profile client: Amazon. Intel Foundry and Amazon Web Services will coinvest in a custom chip design for the latter and “announced a multi-year, multi-billion-dollar framework,” according to a release. “Specifically, Intel Foundry will produce an AI fabric chip for AWS on Intel 18A,” Intel CEO Pat …

Chip maker’s shares plunge in record single-day value loss for a US firm
6 months, 2 weeks ago

Chip maker’s shares plunge in record single-day value loss for a US firm

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in US chip maker …

Intel CEO to pitch board on plans to shed assets, cut costs, source says
6 months, 2 weeks ago

Intel CEO to pitch board on plans to shed assets, cut costs, source says

The Hindu  

Intel CEO Pat Gelsinger and key executives are expected to present a plan later this month to the company’s board of directors to slice off unnecessary businesses and revamp capital spending, according to a source familiar with the matter, as they try to revive the once-dominant chipmaker's fortunes. The plan will include ideas on how to shave overall costs by …

AMD deal shows AI chip business isn’t just about chips
7 months ago

AMD deal shows AI chip business isn’t just about chips

Live Mint  

Advanced Micro Devices is buying a server company but has no plans to get into the server business. The chip maker better known as AMD unveiled plans Monday to spend $4.9 billion to acquire ZT Systems, a privately held company that designs and manufactures servers and other types of data-center hardware. AMD has a fast-growing business selling GPU accelerator chips …

Intel sells stake in chip designer Arm Holdings
7 months, 1 week ago

Intel sells stake in chip designer Arm Holdings

Hindustan Times  

Intel, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings in the second quarter, a regulatory filing showed on Tuesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Intel would have raised about $146.7 million from the sale, based on the average price of Arm's …

Intel: Too big to turn, too vital to fail
7 months, 1 week ago

Intel: Too big to turn, too vital to fail

Live Mint  

The chips are down as never before for Intel. Intel is already the biggest fish in the American pond; the company’s current fabs account for about 41% of the country’s 300 mm wafer production capacity—the type of chip production most commonly used in key market segments—according to market research firm TechInsights. Intel’s data center revenue is projected to hit $12.6 …

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’
7 months, 2 weeks ago

Intel lays off 15,000 employees. CEO says ‘painful but more tough days ahead’

Hindustan Times  

Intel CEO Pat Gelsinger informed employees that the company is cutting jobs in order to save money and reduce costs. Intel will announce a enhanced retirement offering for eligible employees and offer an application program for voluntary departures next week. This is an incredibly hard day for Intel as we are making some of the most consequential changes in our …

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures
7 months, 2 weeks ago

Intel Layoffs: Chipmaker To Fire Over 15,000 Employees Amid Cost Cutting Measures

ABP News  

Intel Layoffs: The tech firm Intel will be laying off over 15,000 employees in an effort to overcome the losses the company has been experiencing. Additionally, it will reduce capital expenditures by over 20 per cent this year, restructure operations to eliminate non-essential activities, and review all ongoing projects and equipment to ensure spending remains in check. In the press …

Intel to lay off 15% of its workforce, cut $20 billion in costs
7 months, 2 weeks ago

Intel to lay off 15% of its workforce, cut $20 billion in costs

Firstpost  

Intel CEO Gelsinger emphasised the need to align Intel’s cost structure with a new operating model to improve margins and better position the company for future growth, especially as it faces a challenging outlook for the second half of 2024 CEO Gelsinger has noted that while investments in the AI PC market may pressure profit margins in the short term, …

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals
7 months, 2 weeks ago

Chipmaker Intel to cut 15,000 jobs as it tries to revive its business and compete with rivals

LA Times  

Intel, based in Santa Clara, Calif., is also suspending its stock dividend as part of a broader plan to cut costs. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Intel’s announcement of a significant cost-cutting plan including layoffs may …

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals
7 months, 2 weeks ago

Chipmaker Intel to cut 15,000 jobs as tries to revive its business and compete with rivals

Associated Press  

Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. “Intel’s announcement of a significant cost-cutting plan including layoffs may bolster its near-term financials, but this move alone is insufficient to redefine its position in the …

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around
7 months, 2 weeks ago

Intel to cut more than 15% of workforce as it cuts costs to try to turn chip business around

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chipmaker Intel Corp. is cutting …

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report
7 months, 3 weeks ago

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report

ABP News  

Intel Layoffs: Intel reportedly plans to cut thousands of jobs as part of a cost-cutting strategy to support the critical initiative of recovering from recent earnings declines and market share losses. Intel’s Chief Executive Officer Pat Gelsinger is investing heavily in research and development to improve the firm’s technology and restore its leading position in the semiconductor industry. Under Gelsinger's …

Discover Related