Tag: intel update

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

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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 been […]

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Intel’s new CEO explores big shift in chip manufacturing business

Intel’s new CEO explores big shift in chip manufacturing business

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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 technology, […]

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