Intel Archives - GenixPlay Studios

Intel hits the brakes on its automotive business, and layoffs have started

Intel is shuttering its automotive architecture business and laying off most of its staff as part of a broader restructuring at the chipmaker. The news was first reported by The Oregonian/Oregon Live, which cited an internal memo that was shared with employees Tuesday morning. Intel confirmed to TechCrunch that plans to wind down the auto […]

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A timeline of the US semiconductor market in 2025

Hardware / Sasandara Dilmina

It’s already been a tumultuous year for the U.S. semiconductor industry. The semiconductor industry plays a sizable role in the “AI race” that the U.S. seems determined to win, which is why this context is worth paying attention to: from Intel’s appointment of Lip-Bu Tan to CEO — who wasted no time getting to work

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Intel to lay off up to 20% of Intel Foundry workers

Enterprise / Sasandara Dilmina

Intel will begin a new round of layoffs next month. The semiconductor giant plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, according to an internal memo originally reported on by The Oregonian. Intel Foundry designs, manufactures, and packages semiconductors for external clients. It’s unclear how many

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Intel is reportedly exploring a sale for its networking and edge unit

Hardware / Sasandara Dilmina

Intel CEO Lip-Bu Tan continues to consider ways to help semiconductor giant refocus on its core business. Intel is allegedly considering selling its networking and edge unit, according to reporting to Reuters, as Tan looks to shed business divisions that aren’t considered critical. This unit builds makes chips for telecom equipment and was responsible for

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A timeline of the U.S. semiconductor market in 2025

Hardware / Sasandara Dilmina

A timeline of the U.S. semiconductor market in 2025 Read More »

Intel’s chief commercial officer and sales lead, Christoph Schell, resigns

Enterprise / Sasandara Dilmina

Christoph Schell, Intel’s EVP and chief commercial officer, is leaving the company after two years in the role, according to a filing with the SEC. Schell notified Intel of his decision to leave on Monday, and will resign on June 30 “in order to pursue another career opportunity,” per the filing. It isn’t clear who will replace

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Intel reverses course, opts not to spin out Intel Capital

Enterprise / Sasandara Dilmina

Semiconductor giant Intel won’t spin out its venture arm, Intel Capital, after all. During Intel’s Q1 earnings call Thursday, Intel CEO Lip-Bu Tan said the company has reversed its decision to spin out its 34-year-old venture arm. Instead, Intel Capital will remain internal and continue to invest with Intel’s interests in mind. “We have made

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Intel mandates four days in the office

Enterprise / Sasandara Dilmina

Intel says that it’ll require employees to work from the office four days a week, a shift from the company’s current policy. CEO Lip-Bu Tan made the announcement during Intel’s Q1 2025 earnings call on Thursday. Previously, Intel allowed staff to work from home two days a week, but Tan said that adherence to the

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Intel reportedly plans to lay off over 21,000 employees

Hardware / Sasandara Dilmina

Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with an announcement due this week, according to a Bloomberg report. The news comes ahead of Intel’s Q1 earnings call helmed by recently appointed CEO Lip-Bu Tan, who replaced longtime chief Pat Gelsinger last year. With the layoffs, Tan aims to

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Intel agrees to sell controlling stake in Altera chip business

Enterprise / Sasandara Dilmina

Intel on Monday announced that it has entered into a definitive agreement to sell 51% of its Altera semiconductor business to Silver Lake, a private equity firm. The deal, which values Altera at $8.75 billion, will make Altera “operationally independent,” Intel said in a press release. Intel will retain 49% ownership in Altera, which will

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