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The Latest Breaking News from Patrick Gelsinger

Intel may lose billions of dollars once set aside by the US CHIPS Act, unless it can get its act together

Intel is set to receive $8 billion in funding from the US Chips Act and an additional $11 billion in loans. But that funding may be in jeopardy due to the chipmaker's struggles.

Windows Central

Nvidia is a bargain now that AI is going beyond the hyperscalers, says Goldman Sachs

The investment bank argues Nvidia is oversold, with the stock trading at a 2025 earnings multiple in the low 20s.

Fortune

Everyone assumes it's game over, but Intel's huge bet on 18A is still very much game on

The opportunity for Intel remains absolutely enormous.

PC Gamer

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Looks like Intel has quietly killed the 20A process, announcing that no Arrow Lake chip will use its first Angstron Era node

The Intel 20A process seems like it's going to go down in history as purely a test platform for backside power and GAAFET.

PC Gamer

Intel says defect density at 18A is 'healthy,' potential clients are lining up

Intel discloses defect density of 18A process technology for the first time, says clients are inclined to use it.

Tom’s Hardware

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

Tom’s Hardware

Intel CEO expected to pitch cost-saving measures to revive chip competition

In response to poor financial performance and competition from AMD and Nvidia, Intel might take more action.

TechRadar

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Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch

An action plan seems imminent for the beleaguered chip giant.

PC Gamer

Intel CEO Wants To Slim Down Company, Cut Costs: Report

Pat Gelsinger will pitch the plan to the board of directors in the wake of last month's $1.6 billion quarterly loss, a source told Reuters.

International Business Times

Intel Considers Splitting Product-Design, Manufacturing Divisions: Report

The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.

International Business Times

Intel Stock 2025 Forecast: Will INTC Recover and Go Back Up?

Intel stock fell to a decade low earlier this month after disastrous Q2 earnings. What's the 2025 forecast for Intel, and can the company recover from its lows?

Barchart

Intel Braces for an Even Tougher Road Ahead

Amid a long, costly turnaround, Intel resets expectations again. Its new woes raise questions about U.S. industrial policy and global chip competition.

Kiplinger

Intel faces lawsuit and accusations of inflating its stock price by sharing 'materially false or misleading statements'

Intel now faces a lawsuit from its shareholders that claims the company shared false or misleading information about its manufacturing capacity. Intel announced 15,000 layoffs earlier this month and reported a net loss of $1.61 billion in the most recent quarter.

Windows Central

Intel's short-sightedness to OpenAI's potential and the sprouting AI trend had sold its wildest dreams to NVIDIA

OpenAI reportedly offered Intel a 15% stake for $1 billion and asked the chip maker to develop AI chips for its advances at cost. Intel turned down the offer because it did not believe in the technology's growth.

Windows Central

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Fortune

Intel, now struggling against AI competitors, turned down an opportunity to own 15% of OpenAI

OpenAI is now worth about the same as the semiconductor company.

PC Gamer

Intel CEO says Panther Lake CPU on its new 18A node is already up and running with production slated for next year

Promises, promises. And a few hail Marys?

Fortune

Why Intel is doing worse in this notebook recovery than it did a decade ago

As Data Sheet turns 10, we look back at what's changed and what's stayed the same.

PC Gamer

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

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Tom’s Guide

Intel laying off 15,000 employees and slashing R&D in biggest cuts ever — here’s why

Intel suffered a massive financial loss in its recent reports, and the company has responded by announcing layoffs of 15% of its work layoffs.

Windows Central

"We stand behind our products," says Intel as it extends 13th and 14th Gen CPU warranties and a class action lawsuit investigation begins

It's no recall, but Intel is clearly feeling the heat by extending 13th and 14th Gen CPU warranties. This comes on the heels of a class action lawsuit investigation, which you can contribute to as an affected customer.

Top News

Intel To Cut 15,000 Jobs In Turnaround Effort

Intel announces job cuts, restructuring to save billion, focus on AI technology and domestic manufacturing for long-term success.

Tom’s Hardware

Intel Lunar Lake is 'almost entirely' outsourced as Panther Lake and Clearwater Forest get powered on

Intel's Lunar Lake may be expensive, but Intel 18A-based Panther Lake and Clearwater Forest processors look promising.

TechRadar

Intel confirms plans to lay off 15,000 employees following poor 2024 performance

Disappointed with its financial performance, including drop in quarterly revenue, Intel announced drastic plans.

AnandTech

Update: Intel Accelerated Ireland EUV Fab Ramp-Up as Meteor Lake Chips Were In Short Supply

Update 08/02: Patrick Moorhead has published a further tweet, clarifying that "Pat [Gelsinger] didn’t tell me l that there were yield issues. This was *my* interpretation." The text of the article has been updated accordingly to reflect this tweet, as well as Intel statements about accelerating their Ireland Fab 34…

AnandTech

Intel Bleeds Red, Plans 15% Workforce Layoff and $10B Cuts For 2025

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…

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