News

Cryptopolitan on MSN1d
Intel stock plunges after CEO's strategy shift
On Friday, Intel shares tumbled 8.5% as remarks from CEO Lip‑Bu Tan prompted concerns that he’s emphasizing expense ...
‘Hard but Necessary Decisions’ — Intel to Cut Jobs, Cancel Expansions
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...
Intel slumps as potential foundry exit deepens investor gloom
Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...
Read: Intel’s internal note to customers on spinning off its networking division
Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.
Intel’s CEO needs a path to profits to win over stock skeptics
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...
CRN1d
Exclusive: Intel Reveals Plan To Spin Off Networking Business In Memo
Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...
As sales slump, new Intel CEO's contract manufacturing plan to face investor scrutiny
Intel is set to report its sixth consecutive net loss on July 24, while revenue is expected to drop for a fifth straight ...
Hoodline1d
Intel Decelerates Ohio Project Construction, CEO Cites Alignment With Market Demand Amid Financial Adjustments
Intel has announced a slowdown in the construction of its Ohio projects to align spending with market demands.
Cards Wire19d
Intel's new CEO considers big chipmaking shift, Reuters reports
Since taking the company's helm in March, CEO Lip-Bu Tan has moved fast to cut costs and find a new path to revive the ailing ...
Intel is laying off 24,000 employees and retreating from some countries
Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around ...