Intel Foundry Investment Cuts

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Intel to lay off 22% of workforce

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:

Computerworld · 1d

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

Fortune on MSN · 19h

Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’

Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 earnings and layoff announcement, threatening to erase

Intel, Drop Chip and Deep Job Cuts

ExtremeTech on MSN · 17h

Intel Plans Deep Job Cuts, Could Drop Chip Manufacturing

Intel’s plans appeared to deflate investors. Intel shares took a hit, with Intel’s market value showing a loss of $8 billion at one point, according to Reuters. Meanwhile, AMD is riding the AI wave to greater sales, and Nvidia’s value has exploded over the past few years, also thanks to its AI-friendly chips.

Zee Business on MSN · 1d

Intel Layoffs: Chipmaker to cut 24,500 jobs, scrap European projects in major overhaul

In a memo to employees on Thursday, Tan said Intel will reduce its “core” workforce excluding subsidiaries to 75,000 by the end of the year, down from 99,500 at the end of last year.

AOL · 1d

Intel beats on Q2 revenue, plans to cut 15% of workforce, cancels factory plans

Intel (INTC) reported its second quarter earnings after the bell on Thursday, beating on revenue but missing on earnings per share (EPS) due to impairment charges. The company said it is also cutting its headcount by 15% and expects to have approximately 75,

1don MSN

Intel says a fifth of its workforce will be gone by year’s end

A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...

1don MSN

Intel shares slide on quarterly loss, foundry business exit risk

(Reuters) -Intel shares fell 8% in early trading on Friday after the chipmaker forecast steeper-than-expected quarterly ...

Intel: No Easy Way Out Of The Malaise

Intel's restructuring focuses on AI and data centers, tempering CapEx to boost cash flow. Read here to know why we are ...

21hon MSN

Intel stock falls after company details job, spending cuts

Intel‘s stock sank 9.3% Friday after it reported mixed financial results Thursday and revealed it would cut its workforce by 22% this year. That added to a decline from the day prior, before Intel ...

The Next Platform21h

Intel Puts The Process Horse Back In Front Of The Foundry Cart

It is beginning to look like Intel plans to milk the impending 18A manufacturing process for a long time. The 18A process is ...

23h

Intel Q2: Fragile Foundry Ambitions Collide With A Strategic About-Face

Intel Corporation's latest Q2 earnings have embedded several bombshell updates to its turnaround strategy. Click here to find ...

Fierce Electronics1d

Intel continues cutting amid solid Q2, but 18A avoids the blade

Intel delivered better-than-expected revenue for its second quarter and issued a fairly positive outlook for its third ...

The American Bazaar23h

CEO Lip-Bu Tan’s Intel overhaul: 15% job cuts, factory pauses

There are no more blank checks,” says new Intel CEO Lip-Bu Tan, as the company slashes jobs, restructures operations, and ...

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