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foundry services

2+ articles
5N4Y StrategyCHIPS ActCo-CEOCompany StrategyDavid Zinsner

Intel's Bold Move: Over 10,000 Layoffs Shake Up Foundry Services

In a surprising move, Intel is laying off over 10,000 employees, targeting 15-20% of its Foundry Services team starting mid-2025. This restructuring aims to address financial woes and streamline operations amidst a competitive semiconductor landscape.

Jun 19
Intel's Bold Move: Over 10,000 Layoffs Shake Up Foundry Services

Intel's Co-CEO Drama: What's Next for the Chip Giant?

Intel's recent leadership shuffle sees CEO Pat Gelsinger stepping down in favor of a co-CEO structure with CFO David Zinsner and Michelle Johnston Holthaus. This strategic shake-up has raised eyebrows among analysts and investors, sparking concern over the future of Intel's ambitious 5-year 4-node (5N4Y) turnaround plan, crucial technological advancements in the semiconductor race, and what it means for the global chip leader's competitive standing.

Jan 5
Intel's Co-CEO Drama: What's Next for the Chip Giant?

Related Topics

5N4Y StrategyCHIPS ActCo-CEOCompany StrategyDavid ZinsnerFoundry ServicesIntelLeadership ChangeMichelle Johnston HolthausNvidia

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Intel's Bold Move: Over 10,000 Layoffs Shake Up Foundry Services
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Intel's Co-CEO Drama: What's Next for the Chip Giant?

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