In a move likely to raise a few taxpayer eyebrows, Intel said today that it will cut 15 percent of its workforce, or more than 15,000 jobs, as it struggles to rebound from disappointing results. In March, the US government said it would give Intel no less than $8.5 billion …
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When veteran engineer and executive Pat Gelsinger returned to Intel as CEO in 2021, the once-great chipmaker was in a slump. After failing to adapt to the mobile era and then missing several steps in cutting-edge microprocessor manufacturing, it was now also falling behind in supplying chips to feed the …
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Call it a comeback—with consequences not just for Intel but also the US government’s hopes of maintaining a lead in artificial intelligence. The troubled chipmaker’s CEO, Pat Gelsinger, announced today that Intel is relaunching and expanding its foundry business, which manufactures chip designs for other companies. Microsoft CEO Satya Nadella …
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