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

Samsung and TSMC could benefit from the move, while makers of wafer fab equipment may lose out, according to Bernstein ...

Intel to lay off 24,000 employees, nearly a quarter of its workforce, by year-end 2025. The move addresses losses, ...

Key Points Intel scaled back its AI accelerator ambitions earlier this year.The company now appears to be refocusing on AI ...

The storied chipmaker cut management layers by half and plans to reduce its overall workforce by 15% amid a broader austerity ...

AMD gains momentum with AI chips ahead of Aug. 5 earnings, while Intel stumbles on foundry strategy and market share loss.

Intel CEO Lip-Bu Tan told employees in a staff-wide memo yesterday that the company plans to cut its workforce by roughly 15% ...

Intel is looking for investors in order to spin-off its long-running Network and Edge Group (NEX), which generated $5.8 ...

Several global tech companies, including TCS, Microsoft, Intel, Meta, and Panasonic, are laying off thousands of employees ...

The American chip-making giant is facing a strategic crossroads as it chases rivals like Nvidia and TSMC in the global ...

A number of high-profile technology companies have announced job cuts this summer as the industry faces rapid change.

Experts highlighted that cognitive intelligence represents an advanced stage in AI development, currently progressing at an ...