Page 2 - Intel

US acquires 10% stake in Intel under Trump's new approach to chip strategy

The move marks rare government intervention in the private sector to boost domestic manufacturing of semiconductors

Intel has agreed to a deal for US to take 10% equity stake, says Trump

The move marks a clear change of direction just weeks after Trump called for the resignation of the company's new chief Lip-Bu Tan over his "highly conflicted" ties to Chinese firms

Intel in talks with large investors for equity boost at discount: Report

The CNBC report, which cited people familiar with the matter, did not name the potential investors. Intel, whose shares fell 7 per cent, did not respond to a Reuters request for comment

US mulls equity stakes in Micron, Samsung, TSMC after Intel deal talks

The US government is considering taking equity stakes in companies, including Micron, Samsung, and Taiwan Semiconductor Manufacturing Co (TSMC) after its plan of getting 10% stakes in Intel

SoftBank invests $2 bn in Intel as chip giant hopes to revive fortunes

The shares of the chip giant lost 60% of their value last year as it could not gain traction in the artificial intelligence (AI) market, which is dominated by Nvidia

Trump admin in talks to take 10% stake in Intel via Chips Act grants

The federal government is considering a potential investment in Intel that would involve converting some or all of the company's grants from the US Chips and Science Act into equity

Intel shares rise 4% on report of possible US government stake purchase

Trump, who called the meeting "very interesting", has taken an unprecedented approach to interventions and deal-making with corporate America

Should Intel's treatment worry Silicon Valley's powerful Indian diaspora

The problem is a fear, both in Washington and in Silicon Valley, that the US and Chinese tech ecosystems are not complements but rivals.

Trump meets Intel CEO Lip-Bu Tan days after calling for his resignation

US President Donald Trump meets Intel CEO Lip-Bu Tan days after calling for his resignation over alleged China links amid US chip industry scrutiny

Intel CEO Lip-Bu Tan says board backs him amid Trump's call for resignation

Tan has reached out to the White House to clear up what he called "misinformation" about his track record, he said in a letter to staff posted on Intel's website

Trump demands 'conflicted' Intel CEO's resignation over China links

The company pleaded guilty in July to violating US export controls by selling hardware and software to China's National University of Defense Technology

Intel cutting more jobs as CEO Tan tries to fix manufacturing missteps

The job cuts - a majority of which have been completed already - are part of an effort by Tan since he took the helm in March to turn around the storied U.S. chipmaker

Intel cuts back spending, workforce as struggling chip maker eyes comeback

Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the struggling chipmaker that helped launch Silicon Valley but has fallen behind rivals like Nvidia Corp. In a memo to employees, CEO Lip-Bu Tan said Intel plans to end the year with 75,000 workers, down 31% from 108,900 employees at the end of last year, through layoffs and attrition. The company previously announced a 15% workforce reduction. I know the past few months have not been easy. We are making hard but necessary decisions to streamline the organization, drive greater efficiency and increase accountability at every level of the company, Tan wrote. In addition, Intel will scrap previously planned projects in Germany and Poland and also move assembly and test operations in Costa Rica to larger sites in Vietnam and Malaysia. Costa Rica will remain a home to key engineering teams and corporate functions, Tan said in the memo. In the U.S., the company said it will .

Intel to lay off over 10,000 factory workers as part of cost-cutting drive

The company said the layoffs will be driven by investment priorities, skills assessments and performance, and ruled out voluntary exits or buyouts

Intel to announce plans to cut over 20% of staff to streamline management

The cutbacks follow an effort last year to slash about 15,000 jobs - a round of layoffs announced in August. Intel had 108,900 employees at the end of 2024, down from 124,800 the previous year

Galaxy Book 5 Pro review: Best of Samsung, Microsoft, Intel rolled into one

With AMOLED display, strong performance, long battery life, and an expanding suite of AI features, the Samsung Galaxy Book 5 Pro ranks among the best Windows-based laptops currently available

Intel's new CEO plots overhaul of manufacturing and AI operations

The new trajectory includes restructuring the company's approach to AI and staff cuts to address what Tan views as a slow-moving and bloated middle management layer

Intel's new CEO Lip-Bu Tan gets pay package valued at about $69 million

Tan has also agreed to buy $25 million in Intel shares in the first 30 days of taking the job

Intel's new CEO Lip-Bu Tan has a history as a successful underdog

Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the "silicon" in Silicon Valley

Intel names semiconductor industry veteran Lip-Bu Tan as next CEO

Tan will assume the role on March 18, the company said in a statement Wednesday. He will rejoin the board as well after stepping down in August 2024