Intel CEO Pat Gelsinger unveiled new AI processors for data centers. Intel CEO Pat Gelsinger delivers a speech at Taipei Nangang Exhibition Center during Computex 2024, in Taipei on June 4, 2024.
Tags: Intel
Intel Braces for Workforce Reductions as Losses Mount to $821 Million
Intel announces job cuts and office changes after reporting a $821 million loss in Q1 2025.
Chip Giants Broadcom and TSMC Consider Buying Parts of Intel in Potential Industry Shake-Up
Broadcom and TSMC explore potential acquisitions of Intel assets, sparking industry and national security concerns.
Intel Will Lay Off Over 15,000 Workers After Posting a $1.6bn Loss in Revenue
The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
Intel Announces Massive Job Cuts, Cites Cost-Cutting Measures
Intel announced that it was making thousands of jobs redundant in order to reduce costs and to be able to afford an ambitious effort to rebound from an earnings slump and recent weak market share performances.
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The United States has withdrawn several licenses that allow companies to move materials, such as semiconductors, to the sanctioned Chinese telecoms equipment manufacturer Huawei Technologies.
Intel and other major tech companies have launched the Open Platform for Enterprise AI (OPEA) project.
In a move to rival Nvidia's AI chip dominance, Intel announces its new Gaudi 3 chip, boasting superior efficiency and speed compared to competitors.
Malaysia is increasingly attracting semiconductor factories amid escalating tensions between the US and China.
Despite generating $18.9 billion in sales, Intel's foundry business experienced a widening operating loss compared to the $5.2 billion loss in 2022.
In response to the US House passing a TikTok ban bill and amid fears of Chinese retaliation, China has initiated measures to exclude US-manufactured microprocessors, particularly from Intel and AMD.
The Biden administration's $20 billion grant to Intel aims to strengthen the semiconductor chip output in the U.S. and reduce dependency on foreign chip production, particularly from China and Taiwan.
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Wall Street analysts have identified five promising stocks for sustained growth. These stocks include Domino's Pizza and Intel, among others.
