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Intel CEO Says ‘No More Blank Checks’ For Contract Chip Business
On Intel’s second-quarter earnings call, CEO Lip-Bu Tan made it clear that things are going to be different under his leadership than they have under his predecessor Pat Gelsinger. The biggest change is that Intel will only invest in building factories to manufacture chips for other companies if there is enough customer demand to justify the capital expense.
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...
Intel Corp. is again slowing the speed of construction of two $28-billion semiconductor fabrication plants in central Ohio.
The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...
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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 ...
"I think is too late for us" to catch up with Nvidia's position in AI, said Lip-Bu Tan. But he said Intel has other ...
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 on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...
Intel shares plunged Friday, a day after the chipmaker reported mixed results amid uncertainty about its ability to engineer ...
Pat Gelsinger, former Intel CEO, advocated for Trump's sovereign wealth fund, calling it crucial for US tech leadership ...
Intel has released its second-quarter earnings report and its plan to lay off about 24,000, or a third of its current ...
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