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Trump calls on Intel CEO Lip-Bu Tan to step down
U.S. President Donald Trump today called on Intel Corp. Chief Executive Officer Lip-Bu Tan to resign. “The CEO of INTEL is highly CONFLICTED and must resign, immediately,” Trump wrote in a post on his Truth Social social media platform. “There is no other solution to this problem. Thank you for your attention to this problem!”
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 ...
Not only is Intel unable to grow right now, it's unable to do so at a time when demand for all things AI is soaring. Peers ...
2don MSN
The tensions center on whether Intel should remain in the costly business of manufacturing its own chips, according to the Wall Street Journal.
Intel said it has yet to land “significant” customers for its Intel Foundry business, warning that it may abandon development ...
Intel reveals it will shed 24,000 employees this year and retreat in Germany, Poland, and Costa Rica $INTC ...
Intel announces major workforce reduction with plans to cut 25,000 jobs by the end of 2025 amid restructuring efforts to ...
4don MSN
The former Chip King is cutting again in hopes of finding a path to sustainable growth. In this podcast, Motley Fool analyst ...
While CEO Tan described the reduction as “approximately 15%” in his letter to employees, the actual mathematics of reducing from 96,400 to 75,000 employees represents a 22% workforce cut.
We recently published These 10 Stocks Have Collapsed. Intel Corporation (NASDAQ:INTC) is one of the worst-performing stocks ...
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