The Latest Breaking News from LipBu Tan

CEO Lip-Bu Tan wants to spin off Intel's Network and Edge Group to boost profitability.

Intel will spin off its Network and Edge Group (NEX) into a standalone company, seeking external investors while keeping a minority stake. The move follows Intel’s $2.9B quarterly loss, a 15% workforce cut, and warnings that its 14A node could be canceled without a major external partner.

CEO Lip-Bu Tan sent a memo informing employees of significant ongoing layoffs and cost-cutting.

Putting a stop to Gelsinger's 'bet it all' strategy.

The ambitious project was a win for Europe. Now it's resigned to wishful thinking.

Shares of Intel Corp. (NASDAQ:INTC) declined 7.34% in Friday pre-market, after its Q2 earnings per share (EPS) fell short of expectations.

Intel wants to have 75,000 workers by the end of 2025, with many being forced to return to the office.

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.

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's future, as it has just reported further losses for the second quarter of the year.

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be "more agile."

Intel Corporation (NASDAQ:INTC) is undertaking sweeping layoffs and global project cuts as part of a major overhaul aimed at restoring its competitive edge in the AI-dominated semiconductor landscape.