Intel has announced plans to spin off its Network and Edge Group (NEX) into an independent company, as part of a broader restructuring initiative under CEO Lip-Bu Tan. In a memo sent to customers, ...

The news comes after company leaders said they were planning reductions amid an organization-wide overhaul prompted by a flagging performance.

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 confirms it will spin off its Network and Edge Group (NEX) as part of a massive restructuring under CEO Lip-Bu Tan to ...

In 2024, Intel’s stock declined by 60%, and the company fell from first to second place on Gartner’s list of top global ...

Intel may be forced to leave the chip manufacturing business if it can’t find a major external partner for its 14A process.

Intel is preparing to lay off nearly a quarter of its workforce, around 24,000 employees, by the end of 2025. It is one of ...

Despite layoffs, Intel appears to remain committed to its ongoing site expansion in Arizona as it retreats from other planned ...

Unlike previous Intel layoffs, which offered severance or buyouts, the 2025 job cuts provide no such safety net.

In a memo to employees on Thursday, Tan said Intel will reduce its “core” workforce excluding subsidiaries to 75,000 by the ...

Intel Corp. will lay off 172 workers at its campus in Chandler, according to a regulatory filing. The news comes after company leaders said they were planning reductions amid an organization-wide ...

Intel CEO Lip-Bu Tan started his first quarterly earnings presentation at the helm of the troubled chipmaker by announcing a major workplace overhaul that aims to boost innovation.