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Intel beats on revenue, slashes foundry investments

Barron's on MSN · 1h

Intel Stock Tumbles After CEO Says ‘No More Blank Checks’ for Chip Foundry

Acree kept a Hold rating on Intel stock with no price target.

Computerworld · 3h

Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

The chipmaker plans to reduce headcount from 96,400 to 75,000 employees amid restructuring and steeper Q3 losses.

NBC New York · 18h

Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks'

Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock ticked higher in extended trading. Here's how the chipmaker did versus LSEG consensus estimates:

Intel, Tech Job Cuts

Fast Company · 2h

Intel’s CEO just revealed why more layoffs are coming. His memo shows the grim impact of course correction

The sum beat Wall Street forecasts, according to consensus estimates cited by CNBC, but it wasn’t enough to offset news about higher losses, additional layoffs, and the scaling back of Intel’s foundry business.

Investopedia · 17h

Intel Says More Layoffs Are Coming, In Latest Big Tech Job Cuts

The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company's latest financial results, that it plans to end the year with a workforce of around 75,

Shacknews · 17h

Intel (INTC) plans to cut 15% of its core workforce by the end of 2025

Intel’s latest quarterly earnings report is out and in addition to providing revenue and EPS numbers for the latest period, the report also brings the news that Intel has officially begun laying off employees as part of a plan to cut their workforce by 15 percent before the end of the year.

14hon MSN

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO ...

33m

Intel CEO on layoffs: 'Hard but necessary decisions'

Just a week after Intel Corp. started laying off what will amount to 227 job cuts at its Rio Rancho plant, company officials expressed optimism in a corporate earnings call about how the company's ...

55m

Intel Beats Q2 Earnings Estimates As CEO Promises A More Disciplined Foundry Play

Intel CEO Lip-Bu Tan remained upbeat as the chip maker disclosed a $2.9 billion loss for the second quarter of 2025, compared ...

3hon MSN

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

Even in the US, where there's a push for more domestic manufacturing, especially in semiconductors, by consecutive ...

1h

Intel cuts back spending, workforce as struggling chip maker mounts comeback

In a memo to employees Thursday, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 “core” workers excluding ...

7hon MSN

Intel sees 15% workforce reduction as CEO Tan plans revival

Intel (INTC) is planning to cut 15% of jobs and plans to end the year with a global headcount of ~75,000 as a part of ...

5h

Intel announces it will be 'further slowing construction' in Ohio

In a news release sent out by CEO Lip-Bu Tan on July 24, he said Intel will be “further slowing construction in Ohio.” ...

22h

Intel’s CEO needs a path to profits to win over stock skeptics

Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...

1d

As sales slump, new Intel CEO's contract manufacturing plan to face investor scrutiny

Intel is set to report its sixth consecutive net loss on July 24, while revenue is expected to drop for a fifth straight ...

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