November 15, 2024
Random News

News Express

News at your Finger Tips

Tag: Intel

How Intel CEO Pat Gelsinger could not get 56-year old chipmaker’s comeback plan right – Times of India

admin09 mins

Intel CEO Pat Gelsinger‘s ambitious three-year effort to restore the 56-year-old American chipmaker to its former glory has faltered amid strategic blunders, manufacturing setbacks, and deepening financial losses, forcing the company to lay off 15,000 employees and fundamentally restructure its operations.Under Gelsinger’s watch, Intel’s revenue has plummeted to $54 billion in 2023, nearly one-third below…

Read More

Intel mass layoffs begins: Over 2,000 jobs in these locations impacted – Times of India

admin02 mins

FILE PHOTO: FILE PHOTO: llustration taken January 8, 2024. REUTERS/Dado Ruvic/File Photo/File Photo Intel has begun implementing mass layoffs that it announced back in August, impacting more than 2,000 jobs across several US states. The company says these workforce reductions are part of its broader cost-cutting measures. Employees in Oregon, Arizona, and these other US…

Read More

Intel tells Arm its chip business ‘not for sale’ – Times of India

admin03 mins

FILE PHOTO: FILE PHOTO: llustration taken January 8, 2024. REUTERS/Dado Ruvic/File Photo/File Photo Arm, the chip design powerhouse, recently approached Intel about potentially acquiring its product division, but was told the business is not for sale, according to a Bloomberg report citing a person with direct knowledge of the matter.The high-level inquiry from Arm specifically…

Read More

Intel is giving up on one of its biggest plans announced years ago, here’s why it means a major change – Times of India

admin04 mins

Intel is cancelling the development of its 20A process node, which was expected to be used for the production of upcoming Arrow Lake processors. Instead it plans to go with external manufacturers to produce the chips externally. Intel will now rely on outside foundries, likely TSMC, to produce all Arrow Lake components while Intel will…

Read More

Tech layoffs cross 100,00 in July 2024: Intel, Microsoft, Dyson, UKG and these companies cut thousands jobs – Times of India

admin08 mins

The wave of tech industry layoffs persisted through July 2024, with over 8,000 professionals across 34 technology companies lost their jobs this month. The total layoff count for 2024 has now reached 124,517 employees from 384 companies worldwide. Intel mass layoffs, over 15,000 employees to let go Intel is laying off over 15,000 employees, representing…

Read More

Intel shares see biggest-ever drop in 50 years, loses $30 billion-plus in market value in one day – Times of India

admin04 mins

Intel Corporation suffered its worst single-day stock decline since 1974 on Friday, losing over $30 billion in market value, as the chip giant announced drastic measures to fund a costly turnaround. The company suspended its dividend and plans to cut 15% of its workforce amid growing concerns about its ability to compete with rivals like…

Read More