"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...

Shares of Intel Corporation fell sharply on Friday, down 5.8% in Frankfurt and 4.6% in US after-hours trading, after the ...

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 ...

COLUMBUS, Ohio (WSYX) — Intel is cutting projects and slowing construction in Ohio as the company slashes chip factory ...

In his Thursday, Aug. 1, letter to employees, Intel CEO Pat Gelsinger said the “painful” job cuts the company is making will deliver $10 billion in savings in 2025 and were necessary as the company’s ...

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO ...

In a news release sent out by CEO Lip-Bu Tan on July 24, he said Intel will be “further slowing construction in Ohio.” ...

The pending layoffs appear to be less profound than those Intel implemented in 2016, wrenching cuts that cost 12,000 workers their jobs. But the layoffs could still have an outsized impact in ...

The cuts come as Intel continues yo work on its $28 billion investment in Licking County where it is building two factories that will have 3,000 workers. Intel had 124,800 workers as of the end of ...

Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...

The latest cuts come four months after Intel secured $8.5 billion in subsidies from the federal CHIPS Act to expand in Arizona, Ohio and Oregon.

The company has faced criticism for failing to capitalise on the rise of mobile computing and artificial intelligence, areas ...