Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.

The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...

AMD gains momentum with AI chips ahead of Aug. 5 earnings, while Intel stumbles on foundry strategy and market share loss.

Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...

Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 ...

Several global tech companies, including TCS, Microsoft, Intel, Meta, and Panasonic, are laying off thousands of employees ...

OpenAI CEO Sam Altman says the AI industry's obsession with benchmarks is outdated—comparing it to the old Intel-AMD speed ...

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...

Apple could move to a dual-sourcing semiconductor strategy with next-gen 1.4nm chips using both Intel and TSMC for future ...

The US tech industry is undergoing a significant transformation due to the rise of AI, leading to substantial layoffs at ...

The rise of Artificial Intelligence (AI) and Large Language Models (LLMs) has revolutionized the digital world, but it has ...

Intel said Thursday it has mostly completed plans it announced last quarter to cut 15% of its workforce, as the struggling chipmaker attempts a turnaround.