News

The US tech industry is undergoing a significant transformation due to the rise of AI, leading to substantial layoffs at ...
Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...
Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.
Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...
The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 ...
Artificial intelligence companies are largely cheering President Trump’s “AI Action Plan” issued this week — no surprise, ...
Intel shares sank 8% on Friday after the company warned of exiting chip manufacturing if it fails to secure a major customer, ...