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Intel Stock Tumbles After CEO Says ‘No More Blank Checks’ for Chip Foundry
Intel stock was down sharply Friday after the chip maker reported better-than-expected revenue but failed to resolve doubts ...
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Intel to spin off networking unit in latest streamlining effort
The decision to spin off the networking unit should come as little surprise. Intel’s new CEO Lip-Bu Tan, who took over the ...
Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’
The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
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Intel’s new CEO ‘isn’t thinking about massive changes’
New Intel CEO Lip-Bu Tan is shaking up the company’s organizational structure and cutting costs but isn’t remaking its strategy, one of his top lieutenants told investment bankers Tuesday.
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Intel Decelerates Ohio Project Construction, CEO Cites Alignment With Market Demand Amid Financial Adjustments
Intel has announced a slowdown in the construction of its Ohio projects to align spending with market demands.
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Exclusive: Intel Reveals Plan To Spin Off Networking Business In Memo
Intel on Thursday confirmed its plan to spin off its Network and Edge Group in a memo to customers and said it will seek ...
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Intel's new CEO considers big chipmaking shift, Reuters reports
Intel's new chief executive is exploring a big change to its contract manufacturing business to win major customers, two ...
USA Today22d
Intel, investing billions in Ohio plants, considers big change
Intel's new CEO considers big chipmaking shift, Reuters reports Max A. Cherney, Jeffrey Dastin, Stephen Nellis Reuters 0:05 ...