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Intel’s Steady Decline Continues With 15% Cut to Staff and Scrapped Factory Plans
Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15%—more than 25,000 jobs—aiming to end the year with about 75,000 employees worldwide. The cuts are part of the struggling chipmaker’s efforts to turn things around and compete in the booming AI market.
Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...
The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...
Intel to lay off 24,000 employees, nearly a quarter of its workforce, by year-end 2025. The move addresses losses, ...
Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 ...
Samsung and TSMC could benefit from the move, while makers of wafer fab equipment may lose out, according to Bernstein ...
Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.
The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global ...
Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...
Companies like Intel are at the forefront of this movement, working hard to ensure that the benefits of AI are available to all. One challenge with AI tools, like generative AI, is their high ...
Experts highlighted that cognitive intelligence represents an advanced stage in AI development, currently progressing at an ...
Compared to its last-generation chips, Intel claims that Meteor Lake delivers 1.7 times the performance in generative AI and is 2.5 times as power efficient in the UL Procyon AI inference ...
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AI don't know: Enterprises slow to pick up on Copilot+ PCs
Businesses don't seem to care about exclusive features like Recall Copilot+ PCs are so far failing to penetrate the enterprise as IT decision makers remain understandably unimpressed with the ...
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