Shocking Intel shake-up: CEO Pat Gelsinger retires, dual leaders step in

Pallavi Madhiraju- December 3, 2024

Intel Corporation has announced the retirement of Chief Executive Officer Pat Gelsinger, marking the end of a distinguished 40-year tenure with the company. Effective December ... Read More

Intel receives $7.86bn CHIPS Act funding to boost US chipmaking dominance

Pallavi Madhiraju- November 27, 2024

Intel Corporation has secured up to $7.86 billion in funding under the U.S. CHIPS and Science Act, marking a significant leap forward in domestic semiconductor ... Read More

Intel unveils aggressive cost-cutting measures amid struggles in semiconductor market

Pallavi Madhiraju- September 18, 2024

Intel Corporation is implementing a series of cost-reduction strategies and operational changes aimed at reviving its standing in the competitive semiconductor market. These efforts come ... Read More

Intel’s shocking layoff announcement: 15,000 jobs cut in $10bn cost-cutting overhaul

Pallavi Madhiraju- August 3, 2024

Intel Corporation announces significant layoffs and restructuring plans aimed at achieving $10 billion in savings by 2025. The American semiconductor giant, Intel Corporation, has revealed ... Read More

Regulatory hurdles compel Intel, Tower Semiconductor to scrap $5.4bn deal

Pallavi Madhiraju- August 16, 2023

Intel Corporation has confirmed its decision to abort the planned $5.4 billion acquisition of Tower Semiconductor (Nasdaq: TSEM), pointing to unexpected delays in obtaining necessary ... Read More

Intel, Germany finalize deal for €30bn wafer fabrication site in Magdeburg

Pallavi Madhiraju- June 19, 2023

Intel has inked a revised letter of intent with the German federal government regarding the development of its wafer fabrication site in Magdeburg, Germany's Saxony-Anhalt ... Read More

Intel selects Poland for $4.6bn semiconductor assembly and test facility

Pallavi Madhiraju- June 19, 2023

Intel has announced its selection of a site near Wrocław, Poland, for a new state-of-the-art semiconductor assembly and test facility. The facility aims to address ... Read More

Intel to acquire Israeli semiconductor company Tower Semiconductor

Pallavi Madhiraju- February 16, 2022

Intel has signed a deal worth approximately $5.4 billion to acquire Israeli semiconductor company Tower Semiconductor in a move to creates a globally diverse end-to-end ... Read More

Intel to invest $20bn in two new chip factories in Licking County, Ohio

Pallavi Madhiraju- January 23, 2022

Intel said that it will make an initial investment of over $20 billion to build two new chip factories in Licking County, Ohio with an ... Read More

Intel breaks ground on $20bn computer chip factories in Chandler

Pallavi Madhiraju- September 27, 2021

Intel Corporation has started construction on a couple of new computer chip factories dubbed Fab 52 and Fab 62 at its Ocotillo campus in Chandler, ... Read More