Intel Exit Costa Rica

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Intel cuts back spending, workforce

Intel cuts back spending, workforce as struggling chip maker mounts comeback

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...

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Intel stock falls after company details job, spending cuts

GlobalData on MSN · 22h

Intel plans deep job cuts to streamline operations

therookiewire.usatoday · 1d

'No more blank checks': Intel looks committed to Arizona, even as it retreats elsewhere

Intel Corp. appears to remain committed to its ongoing site expansion in Arizona, even as it retreats from planned projects abroad and slows construction on new chip factories in Ohio.

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Intel slumps as potential foundry exit deepens investor gloom

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Intel earnings bring more questions than answers, sending the stock lower

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Intel abandons European manufacturing sites as part of turnaround plan

John Pitzer, Intel vice-president of investor relations, said the rollback of overseas manufacturing meant the company was “focusing more of our capex spending in the US”, with the group “fully aligne...

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Intel to lay off 22% of workforce as CEO Tan signals ‘no more blank checks’

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Intel Q2: Fragile Foundry Ambitions Collide With A Strategic About-Face

Intel to lay off 15% more staff by year-end and scale back foundry investments

The layoffs are one of the first major decisions made by Intel Chief Executive Lip-Bu Tan (pictured), who took over the company’s top job in March, replacing former head honcho Pat Gelsinger in an effort to arrest a long, slow slide into financial trouble.

2don MSN

Intel says it is laying off 15% of workers as chipmaker grapples with manufacturing challenges

Intel said on Thursday it is laying off 15% of its workforce and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks." The plans are part of the effort by Tan,

1don MSN

Intel announces mass job cuts, sounds alarm for Ohio

"We are making hard but necessary decisions to streamline the organization," writes the tech giant's CEO in a memo to employees.

Intel to lay off almost a third of its staff and scale back foundry investments

The disclosure came as Intel published its second-quarter financial results today. The chipmaker said it plans to end the year with a “core workforce” of around 75,000 staff, which would mean it loses almost a third of its employees in a space of about 12 months. The reductions will come via layoffs and attrition, the company said.

WinBuzzer20h

Intel to Spin Off Networking Business in Painful Restructuring

Intel confirms it will spin off its Network and Edge Group (NEX) as part of a massive restructuring under CEO Lip-Bu Tan to refocus on core chip businesses.

2don MSN

Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps

Intel is going to end the year with a workforce that is over a fifth smaller than last year, it said on Thursday, and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks.

EconoTimes2d

Intel Slashes Workforce 22% as New CEO Lip Bu Tan Enforces Cost Discipline

Intel (NASDAQ: INTC) will end 2025 with a workforce over 20% smaller than last year as new CEO Lip Bu Tan pushes aggressive cost-cutting to revive the struggling chipmaker. The company plans to reduce headcount to 75,

2don MSN

Intel continues to pull back on its manufacturing projects

Intel canceled multiple manufacturing projects in Europe and delayed its Ohio chip plant for the second time this year.

Business Facilities1y

Intel To Invest $1.2B In Costa Rica - Business Facilities Magazine

Intel To Invest $1.2B In Costa Rica Over the next two years, U.S. chip manufacturer Intel is planning to invest $1.2 billion in Costa Rica, where it employs 3,300 workers. 09/06/2023

The Tico Times1y

Intel Investing $1.2 Billion in Costa Rica - The Tico Times

That agreement opens access to U.S. funding starting in 2024 to position Costa Rica as a hub for this critical high-tech industry. With the U.S. Chips and Science Act enacted in 2022 to boost American semiconductor competitiveness versus China, Intel’s commitment demonstrates Costa Rica’s strategic importance in this global technological race.