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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 ...
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 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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Intel's new CEO considers big chipmaking shift, Reuters reports
Since taking the company's helm in March, CEO Lip-Bu Tan has moved fast to cut costs and find a new path to revive the ailing ...
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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, investing billions in Ohio plants, considers big change
Intel CEO seeks advantages over TSMC. Persuading outside clients to use Intel's factories remains key to its future. As its 18A fabrication process faced delays, rival TSMC's N2 technology has ...