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Intel plans to spin off its NEX unit into a new company; read the full memo sent to customers by Sachin Katti.
Intel is planning to spin off its Network and Edge Group (NEX) into a stand-alone company and is seeking strategic investors.
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 will remain an anchor investor in the stand-alone company, which produced $5.8 billion in revenue in 2024.
Intel Corporation has announced the cancellation of planned manufacturing facilities in Europe as part of a broader ...
The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.
Intel's restructuring focuses on AI and data centers, tempering CapEx to boost cash flow. Read here to know why we are ...
A prominent investment analyst warned Intel may be cutting too deep, eliminating "pivotal" resources in the name of ...
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’s turnaround plan includes major layoffs and outsourcing marketing to Accenture’s AI. Can the chipmaker regain its edge ...
Intel’s decision to slow the pace of construction is not expected to change its timeline to open, which is set for 2030 or ...
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