[ad_1] Donald Trump said the U.S. would take a 10% stake in Intel under a deal with the struggling chipmaker and is planning more such moves. Image for representation only | Photo Credit: Reuters U.S. President Donald Trump said on Friday (August 22, 2025) that the U.S. would take a 10% stake in Intel under […]
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[ad_1] 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 Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue “no more blank checks.” The job cuts – a majority of which have […]
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[ad_1] Intel’s new chief executive is exploring a big change to its contract manufacturing business to win major customers, two people familiar with the matter told Reuters, in a potentially expensive shift from his predecessor’s plans. If implemented, the new strategy for what Intel calls its “foundry” business would entail no longer marketing certain chipmaking […]
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[ad_1] Intel’s top strategy executive, Safroadu Yeboah-Amankwah, is departing the company, the latest change since Lip-Bu Tan took the chipmaker’s helm in March, two people familiar with the matter told Reuters. Intel confirmed the departure, saying, “We are grateful for Saf’s contributions to Intel and wish him the best.” Yeboah-Amankwah, who has served as Intel’s […]
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[ad_1] FILE PHOTO: Intel is reportedly planning to layoff between 15% to 20% of its factory workers. | Photo Credit: Reuters Intel is reportedly planning to layoff between 15% to 20% of its factory workers, The Verge stated adding that most of these cuts would be implemented in July. The outlet cited a memo seen […]
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[ad_1] Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does not see as crucial, three sources familiar with the matter said. Talks about the potential sale of the group, once called NEX in Intel’s financial results, are a part […]
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[ad_1] Intel Corp said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage […]
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