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The Latest Breaking News from Patrick Gelsinger

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

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.

Top News

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.

International Business Times

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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.

PC Gamer

"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."

Windows Central

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.

Tom’s Hardware

Intel allegedly plans imminent lay off of thousands of employees to fuel turnaround

According to sources familiar with Intel's plans for the future, the tech giant could be preparing to lay off thousands of its employees.

Tom’s Hardware

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AI avatars may soon be attending meetings for us and that sure feels like a slippery slope towards an AI future none of us want

AI is entering the workplace and a bright future awaits, we're told. I'm really not so sure.

PC Gamer

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

2 Turnaround Stocks to Buy This July Amid Shaky Markets

While 'turnaround' is a much-abused word in the corporate world, Disney and Intel look like two turnaround stocks that can reward long-term and patient investors.

Barchart

Intel CEO Optimistic On Company's $1 Billion Cumulative Software Revenue By 2027

In 2021, the year that its current CTO was brought in from VMware by CEO Pat Gelsinger to help steer the company's software strategy, Intel made more than $100 million in software revenue.

International Business Times

Is This Chip Giant a Buy Near 52-Week Lows for Its Attractive Dividend?

Intel is one of those dot-com stocks that have yet to reclaim their all-time highs after nearly 25 years. Is the stock a buy now, including for its 1.6% dividend yield?

Barchart

Why this chief technology officer put his retirement on hold when Intel’s CEO called with a daunting fix-it job

Greg Lavender signed on as Intel CTO in June 2021, working to revamp the chipmaker's execution and its mindset amid fierce competition from Nvidia and AMD.

Fortune

Intel CEO says China must make its own chips if sanctions become too restrictive, points to EUV as key cutoff point

Intel CEO Pat Gelsinger told Tom's Hardware during a question and answer session at Computex 2024 that China must make its own processors if US sanctions on the latest chips become too restrictive.

Tom’s Hardware

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Fortune

x86 strikes back: Intel comes out swinging as AI PC market explodes

The new category of Copilot+ PCs is no longer all Qualcomm's, as Intel and AMD reveal competitors to the Arm-based Snapdragon X Elite chipset.

Investors Business Daily

Intel To Undercut Rivals On AI Accelerator Pricing

Intel announced plans to price its next Gaudi AI accelerator chips at a steep discount to its rivals. However, Intel stock dipped.

Laptop

Intel CEO on Nvidia's Jensen Huang: 'Moore's law is alive and well' and here's the AI chip to prove it

Intel's Computex keynote revealed all about the next generation of Lunar Lake Core Ultra chips and silenced some high-profile doubters along the way.

PC Gamer

Intel says it's happy to make the very Arm chips that threaten its x86 hegemony

CEO Pat Gelsinger keeping his options open.

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PC Gamer

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."

International Business Times

Intel Unveils New Chip Tech In AI Battle With Nvidia, AMD

For decades, Intel has dominated the market for the chips that run everything from laptops to data centers. But in recent years, its competitors, especially Nvidia, have soared ahead on specialized AI processors.

TechRadar

Intel Computex 2024 keynote: Intel CEO lays out its AI PC plans for the year

Intel's Computex 2024 keynote lays out the future of the company's AI PC plans.

AnandTech

The Intel Computex 2024 Keynote Live Blog (8:00pm PT/03:00 UTC)

Closing out the last of the major PC-focused keynotes at Computex 2024 this evening, we have Intel. The long-reigning leader of the PC CPU market, Intel is in the middle of executing its plans to get back on track on both the manufacturing and chip design aspects of the business.…

Tom’s Hardware

Watch Intel's Computex 2024 keynote live stream here at 11 pm ET, 8 pm PT or 3 am UTC

CEO Pat Gelsinger is expected to unveil some new CPUs.

Barchart

This Underperforming Chip Stock Wants to Take On Nvidia. Is It a Buy?

With YTD losses in excess of 40%, Intel is the worst-performing S&P 500 constituent in 2024, and has completely missed out on the rally in chip stocks that helped catapult Nvidia to record highs. Is INTC stock a buy after its long stretch of underperformance?

TechRadar

Intel boss confirms Panther Lake is on track for mid-2025 release date - with some bold claims

Intel CEO Pat Gelsinger has doubled down on Panther Lake coming in mid-2025 with some bold performance claims in a recent earnings call.

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