Lip-Bu Tan

The company is expected to officially announce the layoffs later this week, reports Bloomberg.

Kevin O'Buckley, senior vice president and general manager of Intel Foundry Services, confirmed that risk production has begun for the company's upcoming 18A semiconductor node. The announcement,...

Intel executives described their expectations for the next-gen Panther Lake chip, while outlining their priorities for 2025. Hint: They involve AI.

Intel's new CEO sets out plans for the company

The changes to the board come after Intel named Lip-Bu Tan as its new CEO earlier this month.

Shares of INTC jumped over 8% on news that Tan has a turn-around plan for Intel, which could include staff layoffs and resurrected manufacturing.

The chipmaker's stock popped on word that Lip-Bu Tan is rethinking AI plans and weighing layoffs

Chipmaker's stock rises after hiring Lip-Bu Tan as shareholders hope he can revive business

We're excited to announce our $20M seed round funding round led by Lux Capital. It's an honor to reach this milestone with the support of incredible investors who believe in our mission: to empower innovation and creativity by providing leading open-source generative AI models and an innovative clou

Intel plans to cut more than 20% of its workforce this week, marking the first major restructuring under new CEO Lip-Bu Tan, according to Bloomberg. The cuts aim to eliminate bureaucracy and restore an engineering-centric culture at the struggling chipmaker. This follows last year's reduction of app...

Intel has been showing off its liquid cooling products in Taiwan

Taking a tech industry titan back to the heights from which it once reigned is no easy task for anyone. Just ask Pat Gelsinger, former CEO and...

US must boost R&D to gain "semiconductor leadership."…

The information comes from Timothy Arcuri, an analyst at Swiss investment bank UBS. He stated in a press note to investors that Nvidia is closer than Broadcom...

Return of former board member sends shares in US chip group 15% higher

Lip-Bu Tan, who was named CEO of Intel this week, will receive $1 million in salary and about $66 million in stocks and grants vesting over the coming years.

The semiconductor pioneer appointed Lip-Bu Tan, a well-known tech investor and executive, as its new leader.

US president's ultimatum has pushed New Delhi towards a broader realignment on trade

Tan will have work to do, as Intel has lost much of its market share after missing the AI boom, but INTC stock is up on the news.

For a company that has traditionally promoted CEOs from within its ranks, considering an outsider to lead would mark a significant departure from Intel's long-standing practices. Since...