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The Latest Breaking News from David Zinsner

Intel Eyes Aggressive 2026 CapEx Cuts After 'Excessive' Spending: 'We Will Build What Customers Need, When They Need It,' Says CEO Lip-Bu Tan

Intel Corp. (NASDAQ:INTC) is signaling a dramatic shift in its capital expenditure strategy, with plans for aggressive cuts in 2026, as CEO Lip-Bu Tan pledges to prioritize demand-driven investments over what he describes as “unwise and excessive” spending of the past.

Benzinga

Intel plans to layoff 24,000 employees in 2025 — it will also pull back from several projects including some in Germany, Poland, and more

Intel has revealed plans to reduce its total workforce to 75,000 "core employees" and also expects to pull back from projects in Germany, Poland, the United States, and more.

Windows Central

Intel's ex-CEO said he bet the company on the 18A node but now a new report claims Intel is pushing customers to next-gen 14A instead

18A lives on for Intel's Panther Lake CPUs, but will that be enough?

PC Gamer

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Intel says foundry business won't break even until 14A in 2027

Intel expects its loss-making Foundry division to reach breakeven by 2027, driven by internal adoption of its 18A process, and contributions from packaging, and mature nodes.

Tom’s Hardware

Tariffs and TSMC delays could turn Apple into an Intel Foundry customer

During a conversation at the J.P. Morgan's Global Technology, Media, and Communications conference in Boston, Intel's CFO David Zinsner confirmed that Intel doesn't have a significant volume of external chips. At least on the 18A process node but things should change with 14A.

Laptop

Intel admits it doesn't have any 'significant' commitments from customers to make advanced chips in its fabs

That all-important 18A node has yet to convince the likes of Nvidia or AMD to jump onboard.

PC Gamer

Intel reportedly set to announce huge layoffs - 20% of workforce could be cut

Intel reportedly planning to lay off 21,000 workers.

TechRadar

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Intel Stock Rises On New CEO, But Rough Road Ahead

Wall Street responded positively to the appointment of Lip-Bu Tan as Intel's new chief executive officer. But Intel stock faces a rocky road ahead.

Investors Business Daily

Intel Stock Rallies As Chip Giant Names New CEO

Intel stock rallied late Wednesday after the chip giant named Lip-Bu Tan as its new CEO.

Investors Business Daily

Here comes Intel's new CEO: a semiconductor veteran that won the same prestigious award as Jensen Huang and Lisa Su

Lip-Bu Tan has a degree in physics, a masters in nuclear engineering, and won the semiconductor industry's top award, the Robert N. Noyce award.

PC Gamer

Intel shareholder lawsuit dismissed — complaints stemmed from single-day $32B devaluation in 2024

Judge did not find enough evidence that Intel and its management did anything wrong with its financial reporting.

Tom’s Hardware

Chipmaker Intel Beats Revenue Expectations Amidst Q4 Loss

Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.

International Business Times

Intel ex-CEO Gelsinger and current co-CEO slapped with lawsuit over Intel Foundry disclosures — plaintiffs demand Gelsinger surrender salary earned

The plaintiffs seek the entire sum of Gelsinger's $207 million salary that he earned during his tenure, which would then be paid back to Intel.

Tom’s Hardware

Qualcomm claps back at Intel, denies high return rates of Snapdragon PCs

Qualcomm has denied claims of high return rates for Arm PCs. Recently, Intel's co-CEO stated that retailers see higher return rates for PCs powered by Qualcomm chips than systems powered by Intel processors.

Windows Central

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PC Gamer

After the 'change of regime', spinning off Intel Foundry is an 'open question' for the CPU manufacturer

Intel could be in for a weird year.

Tom’s Hardware

Intel executive says spinning off manufacturing unit is an 'open question'

Intel's co-CEO thinks that spinning off fabs is not a wise idea, but the actual decision will be made by 'someone.'

Laptop

How competition and quality sent Intel spiraling into survival mode

Now Intel needs to beat Apple's M4 or die trying

PC Gamer

Intel's interim CEO suggests Gelsinger's replacement should have chip fabrication experience, giving a glimmer of hope that Intel foundry could remain

Could it be ride or die for Intel's chip fabrication?

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Benzinga

Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts

Intel Corp (NASDAQ: INTC) narrows search for new CEO, ex-board member Lip-Bu Tan a potential candidate. Struggling chipmaker's stock down 52% YTD.

Fortune

Intel's CFO has a tough new job: Serve as co-CEO to keep its finances from further 'deteriorating'

Michelle Johnston Holthaus will also act as interim co-CEO following Pat Gelsinger's departure.

TechRadar

Pat Gelsinger retires as Intel CEO following poor company performance

After a troubling financial period, Intel CEO Pat Gelsinger has stepped down after 40 years’ service to the company.

The Independent UK

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired

Investors Business Daily

Stock Market Today: Dow Jones Dips As Intel Fades After CEO Exit; This Warren Buffett Stock On 44% Run Clears Entry (Live Coverage)

The Dow Jones fell even as a Warren Buffett stock cleared an entry. Tesla rose on the stock market today but Intel gains faded.

PC Gamer

Intel CEO Pat Gelsinger retires: 'Leading Intel has been the honor of my lifetime'

Co-CEOs to take over for the interim as a successor is found.

Tom’s Hardware

Intel CEO Pat Gelsinger retires, effective immediately — two co-CEOs step in

Intel announced that CEO Pat Gelsinger will retire and has stepped down from the board of directors, effective immediately.

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