News

Intel is 'breaking up'; to sell its networking division; read the note sent to customers
Intel is planning to spin off its Network and Edge Group (NEX) into a stand-alone company and is seeking strategic investors.
Intel: No Easy Way Out Of The Malaise
Intel's restructuring focuses on AI and data centers, tempering CapEx to boost cash flow. Read here to know why we are ...
Intel is spinning off its Network and Edge group
Intel will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
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Intel's Strategic Pivot: Abandoning European Manufacturing Plans Amid Turnaround Efforts
Intel Corporation has announced the cancellation of planned manufacturing facilities in Europe as part of a broader ...
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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 ...
Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’
Intel’s stock jumped early in 2025 as optimism built around new leadership, but shares fell over 9% after Thursday’s Q2 ...
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% ...
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.
Intel says a fifth of its workforce will be gone by year’s end
A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...
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Intel could leave the chip manufacturing business unless it adds a next-gen tech partner
Intel may be forced to leave the chip manufacturing business if it can’t find a major external partner for its 14A process.
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DeWine says Intel has affirmed its commitment to Ohio as company slows work in New Albany
State and local officials are reacting to Intel's announcement that the company was slowing construction on its $28 billion ...