Intel is planning to cut over 20% of its workforce, amounting to over 21,000 employees, this week as part of a drastic restructuring effort under new CEO Lip-Bu Tan, according to a recent Bloomberg report citing sources familiar with the matter.
Intel has announced on April 14, that it will sell a 51 percent stake in its Altera semiconductor division to private equity firm Silver Lake, in a deal that values the business at $8.75 billion.
Intel's newly appointed CEO, industry veteran Lip-Bu Tan, is set to receive a base salary of $1 million, with the potential to earn up to $2 million in bonuses each year, according to a regulatory filing. Additionally, he is eligible for about $66 million in stock options and grants tied to his performance over the next few years.
Intel, the US-based chipmaking giant, has named industry veteran Lip-Bu Tan as its new CEO, effective March 18. The appointment comes as Intel seeks to recover from one of its most challenging periods, marked by declining market share, falling stock prices, and intense competition in the semiconductor industry.
Intel CEO Patrick Gelsinger has stepped down after less than four years, as the company struggles to compete with industry leaders like Nvidia and TSMC. The decision followed a board meeting where directors expressed concerns about the slow progress of Gelsinger’s turnaround plan.
The US Commerce Department has finalised a $7.86 billion government subsidy for Intel, down from an earlier $8.5 billion figure announced in March, as per a recent report by Reuters.
The change took into account a $3 billion contract Intel had been offered to make chips for the Pentagon, the people told the Times.
Here is a brief look at the key moments in Intel's history, including notable milestones the chip production company has accomplished in a given year.
The semiconductor industry stands at a pivotal moment in its history, with Taiwan Semiconductor Manufacturing Company (TSMC) and Intel competing for dominance in advanced chip manufacturing. Let's take a look at how these two companies are battling for the ultimate chip supremacy.
Qualcomm, the American tech company, has recently approached Intel regarding a potential takeover, according to a recent report by The Wall Street Journal.
Qualcomm has in recent days approached Intel to explore a potential acquisition of the troubled chipmaker, a source familiar with the situation said on Friday, in what could be a transformational deal in the sector but faces many hurdles
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.
If you have been on the hunt for a new laptop, you might be seeing Intel Evo and vPro everywhere. What exactly do these platforms offer, and why should you care? Let’s break it down.
Intel's Arrow Lake series, officially known as the Core Ultra 200 series, is scheduled for release on 10th October, according to a report from Benchlife.
Intel was recently sued by its shareholders, who claim that the chip production company has "fraudulently concealed problems" that led to lower market value, job cuts, and divided suspension, among other issues.
Intel Corp is halting plans for a $25 billion factory in Israel, as per Calcalist, an Israel-based financial news website. According to Reuters, Intel has yet to make an official statement regarding this development.
Considered one of the biggest technology trade shows in the world, this year's Computex is showcasing tech such as semiconductor chips and gadgets from companies such as Intel, Nvidia, AMD, Asus, MSI, and more. Here is a quick breakdown of some of the gadgets and technology unveiled so far at Computex Taiwan 2024.
Microsoft will use its 18A technology to make an undisclosed chip and that it now expects $15 billion of foundry orders
US to award billions of dollars in subsidies to companies including Intel and TSMC for building new factories
