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The Latest Breaking News from Patrick Gelsinger

Intel CEO will reportedly present plans to cut assets at an emergency board meeting — chipmaker may put $32B Magdeburg plant on hold and sell off Altera

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

Tom’s Hardware

Intel CEO expected to pitch cost-saving measures to revive chip competition

In response to poor financial performance and competition from AMD and Nvidia, Intel might take more action.

TechRadar

Intel's CEO is reportedly set to present cost-cutting plan to the board and may 'slice off unnecessary businesses'. Ouch

An action plan seems imminent for the beleaguered chip giant.

PC Gamer

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Intel CEO Wants To Slim Down Company, Cut Costs: Report

Pat Gelsinger will pitch the plan to the board of directors in the wake of last month's $1.6 billion quarterly loss, a source told Reuters.

International Business Times

Intel Considers Splitting Product-Design, Manufacturing Divisions: Report

The deliberations, which remain confidential, include the possibility of scaling back certain factory projects and even a potential merger or acquisition.

International Business Times

Intel Stock 2025 Forecast: Will INTC Recover and Go Back Up?

Intel stock fell to a decade low earlier this month after disastrous Q2 earnings. What's the 2025 forecast for Intel, and can the company recover from its lows?

Barchart

Intel Braces for an Even Tougher Road Ahead

Amid a long, costly turnaround, Intel resets expectations again. Its new woes raise questions about U.S. industrial policy and global chip competition.

Kiplinger

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Intel faces lawsuit and accusations of inflating its stock price by sharing 'materially false or misleading statements'

Intel now faces a lawsuit from its shareholders that claims the company shared false or misleading information about its manufacturing capacity. Intel announced 15,000 layoffs earlier this month and reported a net loss of $1.61 billion in the most recent quarter.

Windows Central

Intel's short-sightedness to OpenAI's potential and the sprouting AI trend had sold its wildest dreams to NVIDIA

OpenAI reportedly offered Intel a 15% stake for $1 billion and asked the chip maker to develop AI chips for its advances at cost. Intel turned down the offer because it did not believe in the technology's growth.

Windows Central

Intel, now struggling against AI competitors, turned down an opportunity to own 15% of OpenAI

OpenAI is now worth about the same as the semiconductor company.

Fortune

Intel CEO says Panther Lake CPU on its new 18A node is already up and running with production slated for next year

Promises, promises. And a few hail Marys?

PC Gamer

Why Intel is doing worse in this notebook recovery than it did a decade ago

As Data Sheet turns 10, we look back at what's changed and what's stayed the same.

Fortune

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

PC Gamer

Intel laying off 15,000 employees and slashing R&D in biggest cuts ever — here’s why

Intel suffered a massive financial loss in its recent reports, and the company has responded by announcing layoffs of 15% of its work layoffs.

Tom’s Guide

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Windows Central

"We stand behind our products," says Intel as it extends 13th and 14th Gen CPU warranties and a class action lawsuit investigation begins

It's no recall, but Intel is clearly feeling the heat by extending 13th and 14th Gen CPU warranties. This comes on the heels of a class action lawsuit investigation, which you can contribute to as an affected customer.

Top News

Intel To Cut 15% Of Staff In B Cost Reduction

Intel's strategic cost-cutting measures, job reductions, and pivot towards manufacturing competitors' processors to stay competitive in the chip market.

International Business Times

Intel Says It Will Slash Workforce To Cut Costs

US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.

PC Gamer

Intel is laying off 15,000 people: 'We are making some of the most consequential changes in our company's history'

Announces revenue of $12.8 billion for the quarter with operating income of zilch.

Windows Central

"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."

Tom’s Hardware

Intel to layoff more than 15% of workforce — 15,000 or more employees — encountered Meteor Lake yield issues, suspends dividend

Intel announced plans to lay off more than 15% of its workforce amid troubling results.

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