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The Latest Breaking News from Patrick Gelsinger

Intel Eyes Aggressive 2026 CapEx Cuts After 'Excessive' Spending: 'We Will Build What Customers Need, When They Need It,' Says CEO Lip-Bu Tan

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.

Intel plans to layoff 24,000 employees in 2025 — it will also pull back from several projects including some in Germany, Poland, and more

Intel plans to layoff 24,000 employees in 2025 — it will also pull back from several projects including some in Germany, Poland, and more

Intel has revealed plans to reduce its total workforce to 75,000 "core employees" and also expects to pull back from projects in Germany, Poland, the United States, and more.

Windows Central

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

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.

Windows Central

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Ex-Intel CEO Pat Gelsinger gives Japan's new leading-edge chipmaker advice, says Rapidus needs unique tech to compete with TSMC

Rapidus plans to produce 2nm chip production with integrated packaging by 2027, but ex-Intel CEO Pat Gelsinger cautions that it needs unique technology to compete with TSMC.

Tom’s Hardware

From Power-Hungry AI to Energy Saver: Snowcap's $23M Move to Revolutionize Computing

Snowcap Compute, a semiconductor startup developing superconducting AI chips, announced a $23 million seed round on Monday. According to Reuters, the company is backed by Playground Global and led by former Intel CEO Pat Gelsinger, who will also serve as board chair.

Former CEO Pat Gelsinger reveals he was 'not given the opportunity' to finish his job at Intel as he predicts the future of computing will be a 'trinity' of traditional, AI and quantum machines

'The decision to step down from Intel was an extremely difficult one.'

Intel admits it doesn't have any 'significant' commitments from customers to make advanced chips in its fabs

That all-important 18A node has yet to convince the likes of Nvidia or AMD to jump onboard.

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Intel Arc Celestial discrete GPUs have hit pre-silicon validation and that makes me a little more hopeful for their eventual launch

Intel Arc Celestial discrete GPUs have hit pre-silicon validation and that makes me a little more hopeful for their eventual launch

Though validation could take a while.

Intel will reportedly fire fully 20% of its workforce and focus on 'engineering', a plan that sounds all too familiar at this point

Intel will reportedly fire fully 20% of its workforce and focus on 'engineering', a plan that sounds all too familiar at this point

New CEO, same old staff cuts?

Intel To Cut Over 21,000 Jobs As New CEO Reshapes Company Strategy: Report

Intel To Cut Over 21,000 Jobs As New CEO Reshapes Company Strategy: Report

The layoffs are part of CEO Lip-Bu Tan's plan to simplify management and focus on rebuilding a strong engineering culture. At the end of last year, Intel had about 108,900 employees after already cutting 15,000 jobs in August 2024.

International Business Times

Pat Gelsinger turns to particle accelerators for a new way to make chips, joins xLight

Pat Gelsinger turns to particle accelerators for a new way to make chips, joins xLight

Pat Gelsinger is back in the semiconductor game with xLight, a company that plans to make an EUV light source using a collider.

Tom’s Hardware

Intel's former CEO puts money into a little-known hardware startup that wants to make Nvidia obsolete

Intel's former CEO puts money into a little-known hardware startup that wants to make Nvidia obsolete

UK-based startup Fractile wants to make Nvidia obsolete and is backed by NATO and Intel's former CEO.

Intel announces 18A process node has entered risk production — crucial milestone comes as company ramps to Panther Lake chips

Intel announces 18A process node has entered risk production — crucial milestone comes as company ramps to Panther Lake chips

At its Vision 2025 conference, Intel announced that its 18A process node has entered risk production, a crucial milestone. This comes as the company gets ready to ramp up production of the upcoming Panther Lake chips and signifies the final steps of the 'five nodes in four years' plan started…

Tom’s Hardware

Same plan, different CEO: Intel's Lip-Bu Tan laments 'past mistakes' while promising a brighter 'engineering focused' future

Same plan, different CEO: Intel's Lip-Bu Tan laments 'past mistakes' while promising a brighter 'engineering focused' future

Show me the innovation!

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Tom’s Hardware

Ex-Intel CEO Gelsinger warns TSMC's $165B investment will not restore U.S. semiconductor leadership

Although TSMC will build an R&D facility in the U.S., its core R&D will remain in Taiwan, so the U.S. will keep following Taiwan even after TSMC builds out its Fab 21 site with six fab modules and two packaging facilities, says former CEO of Intel.

Former Intel CEO, Pat Gelsinger becomes executive chairman of a 'Technology Platform Connecting the Faith Ecosystem' to work on Christian AI using DeepSeek

Looks like Gloo is stuck with him.

Windows Central

Intel's new CEO, Lip-Bu Tan, will deliver a keynote speech to enterprise audiences at Vision 2025 — Streamed live on YouTube

Lip-Bu Tan prepares an opening keynote as the new Intel CEO, while his predecessor, Pat Gelsinger, wishes him well.

Tom’s Hardware

Pat Gelsinger supportive of Lip-Bu Tan, warns him about 'the short-termism of Wall Street'

Pat Gelsinger expressed strong support for successor Lip-Bu Tan and the IDM 2.0 strategy, while acknowledging the immense financial and market pressures that made the transformation difficult.

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Tom’s Hardware

Pat Gelsinger becomes executive chairman, head of technology at church-focused platform Gloo

Pat Gelsinger to lead development of one of the industry's first vertical industry clouds for faith and values-aligned AI at religious-oriented tech company Gloo.

Tom’s Hardware

At Nvidia's GTC event, Pat Gelsinger reiterated that Jensen 'got lucky with AI,' Intel missed the boat with Larrabee

Intel's struggles with AI were a result of the failed Larrabee project in 2009 – 2010.

INTC Stock Forecast: Can Lip-Bu Tan Create the ‘New Intel’ That Pat Gelsinger Couldn’t?

Intel stock has rallied since the company appointed Lip-Bu Tan as its CEO.

Tom’s Hardware

Intel’s new CEO gets a $1 million salary plus $68 million in bonuses

Lip-Bu Tan will get a $1 million base annual salary for leading Intel, but his performance-related bonuses are worth so much more than that.

Windows Central

Intel appoints industry veteran as new CEO to right the ship of the chipmaker

Intel just appointed industry veteran Lip-Bu Tan as its new CEO, giving him the challenge of turning around the struggling chipmaker. Tan, a former Intel board member and longtime semiconductor leader, replaces Pat Gelsinger after his sudden departure.

Intel reveals its new CEO

Intel has gained a new CEO three months after Pat Gelsinger announced he’d be leaving – Lip-Bu Tan to take post.

Intel's incoming Malaysian-born CEO is the latest Fortune 500 semiconductor exec to hail from Asia

Lip-Bu Tan, who was born in Malaysia and went to university in Singapore, will take over as Intel's CEO on March 18. The news sent shares up over 10%.

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