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The Latest Breaking News from Intel Foundry

Intel loses $1.6 billion as data center CPU and foundry divisions struggle

Intel announces major cost-cutting plan to resize and refocus as it loses $1.6 billion on $12.8 billion revenue in Q2 2024.

Tom’s Hardware

Intel Bleeds Red, Plans 15% Workforce Layoff and $10B Cuts For 2025

Amidst the backdrop of a weak quarterly earnings report that saw Intel lose money for the second quarter in a row, Intel today has announced that the company will be cutting costs by $10 billion in 2025 in an effort to bring Intel back to profitability. The cuts will touch…

AnandTech

"This is painful news for me to share. I know it will be even more difficult for you to read," Intel gears up for 15,000 layoffs in devastating cost cut

Announced today, Intel is laying off 15,000 staff as part of a massive $10 billion cost cutting program described as the "most consequential changes in Intel's history."

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Intel hires Micron's technology development chief to lead Intel Foundry manufacturing operations

Naga Chandrasekaran joins Intel as head of Intel Foundry's worldwide manufacturing operations.

Tom’s Hardware

Intel's EMIB packaging tech is now supported by industry-standard design and test tools

EDA tools from Cadence, Siemens, and Synopsys now support Intel's EMIB interconnection technology.

Tom’s Hardware

Intel slapped with class action lawsuit over foundry revenues — litigants allege securities fraud

Class action attorneys call Intel investors to sue the company over not properly disclosing losses generated by the manufacturing division.

Tom’s Hardware

Intel's latest processor is mostly made by its biggest manufacturing rival because it had 'a better process technology at that point in time'

Though for its successor, Panther Lake, "almost all of the tiles are on Intel."

PC Gamer

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Rapidus Adds Chip Packaging Services to Plans for $32 Billion 2nm Fab

To say that the global foundry market is booming right now would be an understatement. Demand for leading-edge process technologies driven by AI and HPC applications is unprecedented, and with Intel joining the contract chipmaking game, this market segment is once again becoming rather competitive as well. Yet, this is…

AnandTech

Blacklisted China chipmaker SMIC becomes the world's second-largest pure-play foundry by revenue — outsells GlobalFoundries and others

SMIC becomes the world's second-largest pure-play foundry as it eclipses GlobalFoundries and UMC, but this is only true if you exclude Intel and Samsung.

Tom’s Hardware

Down 39% YTD, Is It Too Early to Buy the Dip in Intel Stock?

Intel is down 39% this year, and just released disappointing 1Q results. Here is what analysts think of the stock, and whether the worst is over yet.

Barchart

Intel's revenues are up year-over-year, but foundry unit loses $2.5 billion

Almost all of Intel's business units were profitable in Q1, except manufacturing unit that made record $2.5 billion loss.

Tom’s Hardware

Intel completes assembly of first commercial High-NA EUV chipmaking tool — addresses cost concerns, preps for 14A process development in 2025

Intel Foundry announced it had completed the assembly of the industry's first commercial High Numerical Aperture (High-NA) Extreme Ultraviolet (EUV) machine in its D1X fab in Oregon.

Tom’s Hardware

Intel confirms new round of layoffs in its Sales and Marketing Group

After switching to its financial reporting structure, Intel disclosed a $ 7 billion loss last year, resulting in the need to cut costs with the expectation to control operating costs and achieve profit for the foreseeable future in its foundry and product businesses.

Tom’s Hardware

Intel Stock Tanks After Chipmaker Discloses Ugly Foundry Financials

Intel stock fell Wednesday after the chipmaker disclosed worse-than-expected financials for its nascent foundry business.

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PC Gamer

Intel's chip foundry keeps losing billions of dollars but CEO Gelsinger says this is it, this year is 'the trough'

Internal restructuring and foundry investments are the first steps back to profitability.

AnandTech

Intel to Hold Webinar to Discuss Long-Term Vision for Foundry, Separating Fab and Design Reporting

As Intel prepares to move its fabs into its new Intel Foundry business, it will change the way it reports results in the coming months. To discuss the company's long-term vision and give investors a better understanding of how Intel's business will move forward with Intel Foundry and Intel Products…

Laptop

The Microsoft custom chip is not as custom as we thought — here's what we know

Microsoft's new proprietary chipset will actually be built by Intel's Foundry division.

Investors Business Daily

Intel Creating Systems Foundry For AI Era, Adds Microsoft As Customer

Intel detailed plans to create the first systems foundry for the artificial intelligence era and added Microsoft as a customer.

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AnandTech

IFS Reborn as Intel Foundry: Expanded Foundry Business Adds 14A Process To Roadmap

5 nodes in 4 years. This is what Intel CEO Pat Gelsinger promised Intel’s customers, investors, and the world at large back in 2021, when he laid out Intel’s ambitious plan to regain leadership in the foundry space. After losing Intel’s long-held spot as the top fab in the world…

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