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The Latest Breaking News from LipBu Tan

Intel Exec Exodus As CEO Lip-Bu Tan Slashes Workforce, Delays Ohio Chip Plant In Major Shake-Up: Report

Intel Corp.'s (NASDAQ:INTC) new CEO, Lip-Bu Tan, is overhauling the chipmaker's manufacturing operations, cutting thousands of jobs, delaying projects and witnessing the retirement of key executives as part of a sweeping reset.

Benzinga

Is Intel Stock a Hidden AI Winner?

If Intel’s turnaround story is successful, the stock could see significant long-term gains. However, it will take patience and trust.

Barchart

Intel spins off Network and Edge computing groups in latest major company change

CEO Lip-Bu Tan wants to spin off Intel's Network and Edge Group to boost profitability.

TechRadar

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Intel spins off Network and Edge group as standalone business after posting $2.9b loss — seeking investors for NEX division amid massive internal restructuring

Intel will spin off its Network and Edge Group (NEX) into a standalone company, seeking external investors while keeping a minority stake. The move follows Intel’s $2.9B quarterly loss, a 15% workforce cut, and warnings that its 14A node could be canceled without a major external partner.

Tom’s Hardware

Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’

CEO Lip-Bu Tan sent a memo informing employees of significant ongoing layoffs and cost-cutting.

Fortune

'I do not subscribe to the belief that if you build it, they will come' says Intel's new CEO, calling past investments 'unwise and excessive'

Putting a stop to Gelsinger's 'bet it all' strategy.

PC Gamer

Intel's German megafab dream is over: CEO Lip-Bu Tan kills the project, beset with setbacks from EU funding to ancient neolithic remains, to save cash

The ambitious project was a win for Europe. Now it's resigned to wishful thinking.

PC Gamer

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Intel Stock Declines Over 7% In Friday Pre-Market: What's Going On?

Shares of Intel Corp. (NASDAQ:INTC) declined 7.34% in Friday pre-market, after its Q2 earnings per share (EPS) fell short of expectations.

Benzinga

Intel set to cut thousands more jobs as it cancels several fab projects

Intel wants to have 75,000 workers by the end of 2025, with many being forced to return to the office.

TechRadar

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 announces more job cuts and drops projects in Europe in plan to save the company

Continued lay-offs and further spending cuts are part of the turnaround plan of the US-based chipmaker to save the company's future, as it has just reported further losses for the second quarter of the year.

Euronews

US Chip Maker Intel Says Revenue Rose As It Cut Ranks

Intel on Thursday posted quarterly revenue that topped market expectations, saying it has cut about 15 percent of its workforce to be "more agile."

International Business Times

Intel CEO Says He's 'Making Hard But Necessary Decisions' As Chipmaker Announces Massive Layoffs, Project Cancellations

Intel Corporation (NASDAQ:INTC) is undertaking sweeping layoffs and global project cuts as part of a major overhaul aimed at restoring its competitive edge in the AI-dominated semiconductor landscape.

Benzinga

Dear Intel Stock Fans, Mark Your Calendars for July 24

As Intel gears up to lift the curtains on its second-quarter earnings on July 24, it might be wise to pay attention to the stock now.

Barchart

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TechRadar

Intel slashes even more workers to help meet 20% workforce cut goal

Intel is set to lay off 5,000 more workers, including 2,500 in Oregon and 2,000 in California, as it flattens company structure.

Tom’s Hardware

Intel allegedly planning more Oregon layoffs — new report says retreating operation could become a liability to the state

The Intel Oregon workforce is down to its lowest point in more than a decade, but there may be more cuts on the way.

Windows Central

Intel is laying off thousands of US workers in AI restructuring — CEO Lip-Bu Tan says it's "too late" to catch up with the competition

Intel CEO Lip-Bu Tan says it's "too late" to catch up with its rivals in the AI sector, laying off thousands of US workers to reduce its expenses.

Barchart

As Intel Spins Out Its AI Robotics Arm, How Should You Play INTC Stock Here?

Intel announced plans to spin out its robotics division to focus on core foundry operations. Is INTC stock a good buy right now?

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TechRadar

Intel CEO reportedly admits 'it is too late for us' to catch AI leaders like Nvidia, but here's how it could still recover

Lip-Bu Tan seemingly also said that "we are not in the top 10 semiconductor companies" any longer - a frank admission indeed.

Barchart

Intel Is Kicking Off a Major Layoffs Push. What Do the Job Cuts Mean for INTC Stock?

Intel’s sweeping layoffs highlight a dramatic push to cut costs and streamline operations as it battles to reclaim lost market share.

Tom’s Hardware

Intel CEO says it's "too late" for them to catch up with AI competition — reportedly claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the world

Intel CEO says it's "too late" for them to catch up with competition and claims Intel has fallen out of the "top 10 semiconductor companies" as the firm lays off thousands across the world and loses contract manufacturing for 18A node.

Barchart

As Intel Considers a Pivot From 18A Tech, How Should You Play INTC Stock?

Reports have emerged that the company is mulling shifting away from the tech to better compete with rival TSMC.

Barchart

Intel’s Chip Strategy Shifts Again: Time to Buy the Dip?

While the risk remains high, so does the opportunity for recovery under Intel’s new leadership.

Tom’s Hardware

Intel might axe the 18A process node for foundry customers, essentially leaving TSMC with no rival — Intel reportedly to focus on 14A (Updated)

Intel CEO Lip-Bu Tan is weighing whether to stop offering the company's 18A technology to external clients and instead focus on the next-generation 14A process, a move that could withdraw Intel from the broad foundry market for several years.

Benzinga

Intel (INTC) Stock Falls On Report Of Major Chip Strategy Shift

Intel Corp (NASDAQ:INTC) shares are trading lower Wednesday afternoon following a report that CEO Lip-Bu Tan is considering a strategic pivot away from marketing its costly 18A chipmaking process to external clients, per a Reuters report.

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