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 new CEO Lip-Bu Tan announced significant cuts in chip factory construction.

· 17h · on MSN

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

· 1d

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

· 1d

Intel shares drop almost 6% on disappointing guidance, job cuts

Shares of Intel were down 5.8% in Frankfurt on Friday after the company said it expects steeper losses than Wall Street forecasts in the third quarter and announced plans to slash jobs.

· 1d

Intel Expects Work Force to Shrink by 25,000

· 20h

Intel abandons European manufacturing sites as part of turnaround plan

· 1d

Intel to slash workforce by year-end as it forecasts steeper losses than expected

The company said it expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG.

· 1d

Intel slides after CEO struggles to show turnaround on track

· 1d

The Layoffs Keep Coming as the Remaking of Intel Rolls On

23hon MSN

Intel slumps as potential foundry exit deepens investor gloom

Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, a potentially drastic move by the new CEO to cut spending and revive the struggling American icon.

ExtremeTech on MSN20h

Intel Plans Deep Job Cuts, Could Drop Chip Manufacturing

Intel shared some grim news this week when it reported its Q2 results. CEO Lip-Bu Tan’s turnaround efforts appear to be gaining traction, with Intel bringing in higher-than-expected revenue this quarter.

1don MSN

Intel outlines $18B 2025 CapEx and signals strategic foundry shift amid cost cuts and AI focus

Discover insights from Intel's Q2 2025 earnings call, covering revenue growth, foundry strategy, AI advancements, and cost-cutting measures.

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 losses and warned of a potential exit from its foundry business despite new CEO Lip-Bu Tan's turnaround plans.

BW Businessworld7d

Intel To Cut 5,500 Jobs As New CEO Targets 20% Workforce Reduction Amid AI Race Setback

Intel is preparing to lay off around 5,500 employees across the United States as part of a sweeping cost-cutting exercise under new CEO Lip-Bu Tan. This new round of job cuts, which spans engineers, senior leaders,