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The Latest Breaking News from Patrick Gelsinger

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

"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.

Windows Central

Intel To Cut 15,000 Jobs In Turnaround Effort

Intel announces job cuts, restructuring to save billion, focus on AI technology and domestic manufacturing for long-term success.

Top News

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Intel Lunar Lake is 'almost entirely' outsourced as Panther Lake and Clearwater Forest get powered on

Intel's Lunar Lake may be expensive, but Intel 18A-based Panther Lake and Clearwater Forest processors look promising.

Tom’s Hardware

Intel confirms plans to lay off 15,000 employees following poor 2024 performance

Disappointed with its financial performance, including drop in quarterly revenue, Intel announced drastic plans.

TechRadar

Update: Intel Accelerated Ireland EUV Fab Ramp-Up as Meteor Lake Chips Were In Short Supply

Update 08/02: Patrick Moorhead has published a further tweet, clarifying that "Pat [Gelsinger] didn’t tell me l that there were yield issues. This was *my* interpretation." The text of the article has been updated accordingly to reflect this tweet, as well as Intel statements about accelerating their Ireland Fab 34…

AnandTech

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

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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

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

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

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Tom’s Hardware

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.

Barchart

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.

International Business Times

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.

Barchart

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?

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Fortune

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.

Tom’s Hardware

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.

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.

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."

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