US EditionIntel to cut 15% of workers as chipmaker grapples with manufacturing challenges
UNITED STATES, JUL 25 – Intel plans to reduce its workforce to about 75,000 by year-end and halt key factory projects in Europe and the US to better match chip production with market demand.
- On Thursday, Intel announced eliminating more than 15,000 jobs, workforce stood at 96,400 at the end of June.
- Competition from Nvidia and AMD weakened Intel, prompting restructuring as underperformance in AI chips and PC semiconductors increased rival gains.
- According to Reuters, management layers were halved, CFO David Zinsner said restructuring costs reached $1.9 billion.
- Staffing will fall to about 75,000 by year-end, Intel will consolidate packaging and slow or halt factory builds in Ohio, Poland and Germany.
- Intel forecasts about $17 billion in savings in 2025, and may exit advanced manufacturing without external 14A customers.
247 Articles
247 Articles
Promises made but not kept as Intel delays again
It gets a little harder each time to match state officials’ public optimism that Intel will live up to all its promises to Ohioans, when the news is that — again — the company is letting off the gas. In fact, last week Intel said it will “further slow” the pace of construction on a microchip facility that was supposed to be up and running THIS year. The last time we got such news, The Columbus Dispatch reported Intel was delaying its opening to …
The giant Intel semiconductor is preparing for a deep restructuring, with mass shipments and the cancellation of expansion projects in Europe. These measures, led by the Lip-Bu Tan Executive Director, are seeking to reverse their...
Intel technology announced this Friday that it will fire 15% of its workforce and cancel its expansion to Europe, where it planned to invest several AI chip projects.According to the company, the reduction of personnel is aimed at creating a faster and more agile organization, as stated in its second quarter results report.The change of strategy is one of the first important decisions taken by its new executive director, Lip-Bu Tan, according to…
Intel Pulls Back on European Manufacturing, Leaving EU’s Chip Future in Doubt
Intel has scrapped plans to build two major semiconductor facilities in Europe, halting a €30 billion factory in Germany and a test and assembly site in Poland—moves officially announced in the company’s Q2 2025 financial filings. The company cited unsustainable costs, unsuccessful subsidy negotiations with the German government, and its push to consolidate operations in […]
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
