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

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

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 ...

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

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 ...

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

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

Intel CEO Lip-Bu Tan announces 15% job cuts and cancels expansion plans as the company refocuses on core products, cost ...

Artificial intelligence companies are largely cheering President Trump’s “AI Action Plan” issued this week — no surprise, ...