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Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks'
Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock fell about 5% in extended trading. Here's how the chipmaker did versus LSEG consensus estimates:
This news follows layoffs of 15% last year and a memo from Tan earlier this year that referenced “critical changes [that] ...
Intel Corp. tumbled in premarket trading after Chief Executive Officer Lip-Bu Tan sparked concerns that he was more focused ...
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...
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Intel stock plunges after CEO's strategy shiftOn Friday, Intel shares tumbled 8.5% as remarks from CEO Lip‑Bu Tan prompted concerns that he’s emphasizing expense ...
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...
Intel employed 109,800 people at the end of 2024, of which 99,500 were “core employees,” so the company is pushing out around ...
Intel plans to cut over 25,000 jobs by 2025 to cut costs and recover from recent losses. The company will halt some factory ...
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