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Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks'
Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock fell about 5% in extended trading. Here's how the chipmaker did versus LSEG consensus estimates:
This news follows layoffs of 15% last year and a memo from Tan earlier this year that referenced “critical changes [that] ...
Intel is planning to separate its networking and communications unit into a stand-alone company and has begun the process of ...
Gov. Mike DeWine and the JobsOhio president responded to Intel's delayed Ohio plant, citing the chip industry's global ...
Back in April, Intel Corp.’s newly appointed Chief Executive Officer Lip-Bu Tan told investors on his inaugural earnings call ...
Intel Corp. is shedding thousands of workers and cutting expenses as its new CEO works to revive the fortunes of the ...
Intel Corp. gave a stronger-than-anticipated revenue forecast for the current period, offering investors a glimmer of hope as ...
I’m also instituting a policy. Every major chip design needs to be personally reviewed and approved by me before tape out. He ...
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