The Latest Breaking News from David Zinsner

Intel cut 20,500 jobs under new CEO Lip-Bu Tan — totaling 35,500 in two years — and reduced R&D spending by over $800 million per quarter as it streamlines operations, cancels lower-priority projects, and concentrates investment on strategic projects.

Intel's third-quarter results were constrained by production and substrate shortages, forcing the company to prioritize data center CPUs over client chips, which will likely make Raptor Lake CPUs more expensive going forward.

Intel CFO David Zinsner admitted Arrow Lake CPUs fell short in pricing and performance, but says Nova Lake will bring a stronger high-end desktop lineup to challenge AMD.

The US now owns 9.9% of Intel and wants the chipmaker to retain control of its foundry business.

Intel sees performance of Panther Lake processors as competitive, but it admits lower-than-desired 18A yields and weak offerings on desktop and data center markets.

Intel’s deal with the US Government may have just hit the road rolling with a $5.7 billion payout.

In a dramatic intervention to rescue America’s faltering chip manufacturing ambitions, the Trump administration has converted billions in CHIPS Act grants into a $5.7 billion equity stake in Intel (NASDAQ:INTC), giving the U.S. government a 10% ownership and significant leverage over the struggling company’s future.

CFO David Zinsner has also downplayed concerns that Intel’s manufacturing arm could fall under outside control.

Intel Corp. (NASDAQ:INTC) is signaling a dramatic shift in its capital expenditure strategy, with plans for aggressive cuts in 2026, as CEO Lip-Bu Tan pledges to prioritize demand-driven investments over what he describes as “unwise and excessive” spending of the past.