"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to ...

Intel’s plans appeared to deflate investors. Intel shares took a hit, with Intel’s market value showing a loss of $8 billion at one point, according to Reuters. Meanwhile, AMD is riding the AI wave to ...

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

Shares of Intel Corporation fell sharply on Friday, down 5.8% in Frankfurt and 4.6% in US after-hours trading, after the ...

COLUMBUS, Ohio (WSYX) — Intel is cutting projects and slowing construction in Ohio as the company slashes chip factory ...

Intel, the horse to which Ohio has hooked its economic wagon and which is investing $28 billion into two new computer chip factories here, just announced it was letting go 15,000 workers, or about 15% ...

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

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 ...

Intel delivered better-than-expected revenue for its second quarter and issued a fairly positive outlook for its third ...

Intel has operations in New Mexico, Arizona and Oregon in the U.S. and in countries around the world. It's investment in Ohio and the three other U.S. sites is expected to top $100 billion, the ...

The latest cuts come four months after Intel secured $8.5 billion in subsidies from the federal CHIPS Act to expand in Arizona, Ohio and Oregon.