The Latest Breaking News from Intel Foundry

Amidst the backdrop of a weak quarterly earnings report that saw Intel lose money for the second quarter in a row, Intel today has announced that the company will be cutting costs by $10 billion in 2025 in an effort to bring Intel back to profitability. The cuts will touch…

Announced today, Intel is laying off 15,000 staff as part of a massive $10 billion cost cutting program described as the "most consequential changes in Intel's history."

To say that the global foundry market is booming right now would be an understatement. Demand for leading-edge process technologies driven by AI and HPC applications is unprecedented, and with Intel joining the contract chipmaking game, this market segment is once again becoming rather competitive as well. Yet, this is…

SMIC becomes the world's second-largest pure-play foundry as it eclipses GlobalFoundries and UMC, but this is only true if you exclude Intel and Samsung.

Intel is down 39% this year, and just released disappointing 1Q results. Here is what analysts think of the stock, and whether the worst is over yet.

Almost all of Intel's business units were profitable in Q1, except manufacturing unit that made record $2.5 billion loss.

Intel Foundry announced it had completed the assembly of the industry's first commercial High Numerical Aperture (High-NA) Extreme Ultraviolet (EUV) machine in its D1X fab in Oregon.

After switching to its financial reporting structure, Intel disclosed a $ 7 billion loss last year, resulting in the need to cut costs with the expectation to control operating costs and achieve profit for the foreseeable future in its foundry and product businesses.

Internal restructuring and foundry investments are the first steps back to profitability.