Intel Totals Automotive Group

Intel is closing its automotive chipmaking business

Intel is shutting down its business dedicated to making processors for cars. In a memo seen by The Oregonian, Intel tells workers that it plans to lay off “most” employees in the division, citing plans to shift focus to its “core client and data center portfolio.” “As part of this work, we have decided to wind down the automotive business within our client computing group,” Intel writes in the memo. “We are committed to ensuring a smooth transit…

Intel totals automotive group

: Lip-Bu Tan calls in the crusher

Intel to close auto chip unit

Intel is to close its automotive chip unit and lay off ‘most’ of its employees. The unit operates out of Munich and designs chips for infotainment, vehicle controls, and software-defined ... The post Intel to close auto chip unit appeared first on Electronics Weekly.

Intel Hits the Brakes on Auto Unit, Plans Massive Job Cuts

According to various media reports, chipmaker Intel is closing its automotive branch and terminating the majority of its workforce. In the communication, the corporation stated that it intends to shut down its automotive Intel architecture division.It further stated that although it will complete current obligations to clients, "the majority" of the employees in that company will be let go.Intel clarified in a written statement to a media house …

Intel closes automotive chip business

Intel is to close its automotive chip business in the next couple of weeks. The company has emailed staff at its Oregon site as part of staff layoffs planned for July 15th. The layoffs, which could impact as many as 10,000 staff, aim to save $1.5bn as part of plans announced in April by new […] The post Intel closes automotive chip business appeared first on eeNews Europe.