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

Intel provided more detail about the scope of its planned changes while sharing its second-quarter earnings results.

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

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 ...

The Oregon layoffs are likely part of a broader belt-tightening at the tech giant. In mid-June, the company said it was ...

The job cuts - a majority of which have been completed already - are part of an effort by Tan since he took the helm in March ...

Intel announces major workforce reduction with plans to cut 25,000 jobs by the end of 2025 amid restructuring efforts to ...

Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...

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

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals ...

Intel plans over 2,300 job cuts in Oregon, part of a global restructuring to become leaner amid intense AI competition.

(Reuters) -Intel's promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany now expected to be completed only by 2030, the struggling ...