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Intel, Amazon
Hosted on MSN · 1d
Intel CEO Suggests More Layoffs Could Be Coming as Company Accepts $3 Billion in Direct Funding from U.S. Government
Intel CEO Pat Gelsinger announced in August that Intel would be reducing its head count by roughly 15,000 roles (or 15% of its workforce) as part of a $10 billion cost savings plan for 2025, but even more layoffs may be coming,
Bloomberg L.P. · 2d
Intel to Make Custom AI Chip for Amazon
Intel CEO Pat Gelsinger has landed Amazon’s AWS as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker.
Inc. on MSN · 2d
Pentagon to Manage Intel's Latest $3 Billion Grant Under CHIPS Act
As foreign rivals leave the marquee chip maker behind, Intel gets a boost from the government, which wants to keep some semiconductor manufacturing securely and reliably based in the U.S., with generous cash incentives.
1d
You’ll Wish You Hadn't Ignored Intel Stock
Intel will produce the specialized "AI fabric chip" for Amazon, using its 18A manufacturing process, which is the company’s ...
2don MSN
Intel Downsizing Leaves Staff Waiting on Lay Off Decisions
The tech giant is only halfway through its 15,000 worker cull, with staff waiting until October to discover their fate.
2d
A comprehensive list of 2024 tech layoffs
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
1d
Portland employment has been flat of late but layoffs may leave a mark
Local employment certainly bounced back after the pandemic but it hasn't made significant gains beyond the pre-pandemic high ...
22h
Tech Layoffs Intensify: Cisco Cuts Over 1,000 Jobs In Second Layoffs Of 2024, Shifts To AI Investments
Cisco, the US tech conglomerate, has announced a major round of layoffs amid declining demand and ramping up investments in ...
1d
Intel's Rebound: Why I Am Skeptical
Intel stock remains a hold despite being at multi-year lows due to poor earnings, weak guidance, and management struggles.
2d
Intel forges path to probable capital incineration
Intel is a chipmaker, just not one of the exciting ones. Boss Pat Gelsinger is trying desperately to change that: on Monday ...
Albuquerque Journal1d
Report: Intel in Rio Rancho could benefit from new chips deal with federal government
It isn’t clear if the new contract with the federal government, which will provide $3 billion in direct funding to Intel, ...
3don MSN
Intel’s Latest Plans Send Its Stock Soaring—What You Need To Know
Key Takeaways Intel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s ...
6don MSN
Intel is in trouble. Here are 5 things tech companies can learn to avoid the same struggles
Intel once saw cash flow of $10 billion per year. Those days are long gone—and there doesn't appear to be much hope for a ...
newsbytesapp.com2d
Intel to spin off chipmaking business amid financial struggles
Intel has announced its decision to spin off its chipmaking division, a move aimed at reversing significant financial losses ...
2don MSN
Intel Held Days of Pivotal Meetings to Create a Plan to Turn Things Around: 'No Shortage of Rumors and Speculation'
Intel CEO Pat Gelsinger sent a message to employees on Monday with a plan for a path forward after meeting with the board for ...

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