Intel Faces Challenges as CEO Retools. 20m. ... but there are no quick fixes as we work to get back on a path to gaining market share and driving sustainable growth,” Tan said.

Intel is preparing to lay off around 5,500 employees across the United States as part of a sweeping cost-cutting exercise under new CEO Lip-Bu Tan. This new round of job cuts, which spans engineers, ...

Intel announces nearly 5,000 job cuts across California, Oregon, Arizona, and Texas as part of a major restructuring and cost-cutting effort under new CEO Lip-Bu Tan.

The move is intended to tackle rising costs and help the company navigate through persistent financial and competitive challenges, particularly in the AI and chip manufacturing sectors.

Intel: Challenges For The New CEOs. Dec. 03, 2024 12:23 PM ET Intel Corporation (INTC) Stock, INTC:CA Stock INTC, INTC:CA 9 Comments. ... Looking for a helping hand in the market?

New CEO Lip-Bu Tan told employees this week that he doesn’t consider Intel among the leading chip companies, a bracing message as the chipmaker began expansive layoffs in the face of severe technical ...

Once the premier maker of semiconductors and a stalwart of Oregon's "Silicon Forest," Intel is struggling. A breakup is even possible.

Intel is set to lay off 5,000 more workers, including 2,500 in Oregon and 2,000 in California, as it flattens company ...

Intel can point to its blockbuster 2018 as a sign that everything's okay -- the company made a $21.1 billion profit over the year -- but the PC market is still in a serious decline.

Intel shares surged nearly 15% on Thursday, closing up 14%, as investors welcomed the appointment of Lip-Bu Tan as the company's new CEO. Tan, a former Intel board member and long-time chip ...

Intel CEO vows to challenge Nvidia, market is "hungry" for alternative GPUs Did Nvidia get lucky with AI? By Zak Islam October 17, 2021, 9:47 38 comments. Serving tech enthusiasts for over 25 years.

One of Oregon’s largest employers is under new leadership as of Sunday. Major chipmaker Intel announced Monday that CEO Pat Gelsinger has retired after spending four years at the helm.