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The Latest Breaking News from LipBu Tan

Intel announces more job cuts and drops projects in Europe in plan to save the company

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.

Euronews

US Chip Maker Intel Says Revenue Rose As It Cut Ranks

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

International Business Times

Intel CEO Says He's 'Making Hard But Necessary Decisions' As Chipmaker Announces Massive Layoffs, Project Cancellations

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.

Benzinga

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Dear Intel Stock Fans, Mark Your Calendars for July 24

As Intel gears up to lift the curtains on its second-quarter earnings on July 24, it might be wise to pay attention to the stock now.

Barchart

Intel slashes even more workers to help meet 20% workforce cut goal

Intel is set to lay off 5,000 more workers, including 2,500 in Oregon and 2,000 in California, as it flattens company structure.

TechRadar

Intel allegedly planning more Oregon layoffs — new report says retreating operation could become a liability to the state

The Intel Oregon workforce is down to its lowest point in more than a decade, but there may be more cuts on the way.

Tom’s Hardware

Intel is laying off thousands of US workers in AI restructuring — CEO Lip-Bu Tan says it's "too late" to catch up with the competition

Intel CEO Lip-Bu Tan says it's "too late" to catch up with its rivals in the AI sector, laying off thousands of US workers to reduce its expenses.

Windows Central

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As Intel Spins Out Its AI Robotics Arm, How Should You Play INTC Stock Here?

Intel announced plans to spin out its robotics division to focus on core foundry operations. Is INTC stock a good buy right now?

Barchart

Intel CEO reportedly admits 'it is too late for us' to catch AI leaders like Nvidia, but here's how it could still recover

Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.

TechRadar

Intel Is Kicking Off a Major Layoffs Push. What Do the Job Cuts Mean for INTC Stock?

Intel’s sweeping layoffs highlight a dramatic push to cut costs and streamline operations as it battles to reclaim lost market share.

Barchart

Intel CEO says it's "too late" for them to catch up with AI competition — reportedly claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the world

Intel CEO says it's "too late" for them to catch up with competition and claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the world and loses contract manufacturing for 18A node.

Tom’s Hardware

As Intel Considers a Pivot From 18A Tech, How Should You Play INTC Stock?

Reports have emerged that the company is mulling shifting away from the tech to better compete with rival TSMC.

Barchart

Intel’s Chip Strategy Shifts Again: Time to Buy the Dip?

While the risk remains high, so does the opportunity for recovery under Intel’s new leadership.

Barchart

Intel might axe the 18A process node for foundry customers, essentially leaving TSMC with no rival — Intel reportedly to focus on 14A (Updated)

Intel CEO Lip-Bu Tan is weighing whether to stop offering the company's 18A technology to external clients and instead focus on the next-generation 14A process, a move that could withdraw Intel from the broad foundry market for several years.

Tom’s Hardware

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Benzinga

Intel (INTC) Stock Falls On Report Of Major Chip Strategy Shift

Intel Corp (NASDAQ:INTC) shares are trading lower Wednesday afternoon following a report that CEO Lip-Bu Tan is considering a strategic pivot away from marketing its costly 18A chipmaking process to external clients, per a Reuters report.

Benzinga

Intel CEO Lip-Bu Tan Weighs Ending Marketing Of Expensive Chip Manufacturing As Losses Mount And Rival TSMC Surges Ahead: Report

Intel Corp. (NASDAQ:INTC) CEO Lip-Bu Tan is reportedly evaluating whether to stop marketing the company's costly 18A chipmaking process to outside customers, a move that could signal a major strategic pivot amid mounting financial losses and fierce competition from Taiwan Semiconductor Manufacturing Company (NYSE:TSM)

Windows Central

Intel’s former CEO speaks out — "I wanted to finish what I started"

Former Intel CEO Pat Gelsinger says he wasn’t allowed to finish what he started and suggests the company forced him out before his turnaround was complete.

TechRadar

Intel set to transfer marketing jobs to an AI which could ironically be running on Intel processors

Accenture and AI to lead Intel marketing in company restructuring.

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Tom’s Hardware

Intel lays off hundreds of engineers in California, including chip design engineers and architects — automotive chip division also gets the axe

Intel has begun laying off employees in California — including design engineers — as part of CEO Lip-Bu Tan's plan to cut 15–20% of the workforce. The company is also to shut down its automotive chip division.

Barchart

Intel’s New CEO Is Dumping This Tech Stock. The Rest of Wall Street Thinks It’s a ‘Strong Buy.’

Credo is a chip stock that has returned more than 600% to shareholders since its initial public offering (IPO) in 2022. Is CRDO overvalued given that Intel’s CEO is dumping this stock?

Barchart

Is INTC Stock a Buy Now as Intel Prepares for Another Round of Mass Layoffs?

Intel is considering firing between 15% and 20% of its foundry workers. While the move would help lower costs, the company needs much more than cost cuts to regain investor confidence.

TechRadar

Intel set for huge factory job cuts as it makes a major policy shift

Intel is still looking to cut costs - and up to one in five factory workers could lose their jobs.

Tom’s Hardware

Intel draws a line in the sand to boost gross margins — new products must deliver 50% gross profit to get the green light

In a presentation at Bank of America's global technology conference this year, Intel Products CEO Michelle Johnston Holthaus discussed some of Intel's intense moves to get back into contention against a fierce chip industry.

MarketBeat

Intel’s Turnaround May Be the Best Bet No One’s Watching

Intel's capture of an alleged embezzlement highlights CEO Tan's efficiency push, suggesting its undervalued stock presents a unique long-term opportunity.

Barchart

Is Intel Stock a Buy on Rumors of Networking Business Sale?

Intel is moving away from underperforming businesses. Could selling its networking and edge unit improve INTC stock outlook?

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