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Intel CEO Says He's 'Making Hard But Necessary Decisions' As Chipmaker Announces Massive Layoffs, Project Cancellations
Intel is slashing 31% of its workforce and halting global expansion projects in a sweeping restructuring effort as it struggles to compete with AI chip leader Nvidia and regain its edge in the rapidly evolving semiconductor industry.
Intel has officially withdrawn from its $4.6 billion plan to build a semiconductor facility in Miękinia near Wrocław, citing ...
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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Magdeburg politicians raise concerns about possible Intel fab ... - MSN
Magdeburg politicians raise concerns about possible Intel fab cancellation — plans drawn up for anchor investor withdrawal. ... unlike some other building project commitments in Ohio. However ...
Despite setbacks, businesses, leaders confident Intel project will thrive by: Eric Halperin. Posted: Apr 23, 2025 / 07:00 PM EDT. Updated: Apr 23, 2025 / 06:30 PM EDT.
The federal CHIPS funds are a hefty piece, but they aren’t the whole pie for a project reliant on government dollars. The state has also already disbursed $600 million in onshoring grants for ...
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