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...

· 1d · on MSN

Intel cuts 15% of its staff as it pushes to make a comeback

· 20h · on MSN

Intel stock falls after company details job, spending cuts

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

Intel Corp. hinted that it might be open to a strategic shift down the road, but its stock is sliding 9% Friday as earnings failed to settle the score on major issues dogging the company.

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Intel’s CEO just revealed why more layoffs are coming. His memo shows the grim impact of course correction

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Intel shares drop almost 6% on disappointing guidance, job cuts

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Intel: Q2 Earnings Snapshot

For the current quarter ending in September, Intel said it expects revenue in the range of $12.6 billion to $13.6 billion.

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Intel’s CEO needs a path to profits to win over stock skeptics

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

Intel to lay off 22% of workforce

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

Intel will reduce its workforce by 22% to 75,000 employees by the end of 2025 as new CEO Lip-Bu Tan implements sweeping changes designed to transform the struggling chipmaker into a more disciplined, ...

· 1d · on MSN

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

· 17h · on MSN

Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’

· 1d

Intel Expects Work Force to Shrink by 25,000

Intel, the ailing semiconductor giant, said on Thursday that it expected its work force to shrink by more than 25,000 employees this year as the company continues searching for a turnaround.

· 20h

Intel abandons European manufacturing sites as part of turnaround plan

· 14h

‘Hard but Necessary Decisions’ — Intel to Cut Jobs, Cancel Expansions

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Intel to slash workforce by year-end as it forecasts steeper losses than expected

The company said it expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG.

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Intel slides after CEO struggles to show turnaround on track

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The Layoffs Keep Coming as the Remaking of Intel Rolls On

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.

WinBuzzer8h

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.

1don 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 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.

Fox Business9y

Intel to Shutter Costa Rica Assembly, Test Unit - Fox Business

Chipmaker Intel, struggling with a shrinking personal computer market, is shutting its assembly and test operation in Costa Rica and eliminating 1,500 jobs. Fox Business Personal Finance

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

Fox News2y

Costa Rica says China apologized for intel operation over its territory ...

Costa Rica's government said Monday that China apologized for a intel operation flying over the Central American country's airspace. The incident came after a separate Chinese spy balloon traveled ...

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.