Intel Faces Uncertain Future Amid Massive Losses and Restructuring

Despite significant setbacks, Intel aims to stabilize through cost-cutting and new AI chip opportunities.

Intel's stock has plummeted 60% in 2024, reaching levels not seen since 2012.
The company reported a net loss of $1.65 billion in the second quarter, with revenue expected to fall further.
Intel plans to lay off 15,000 workers and cut non-essential operations to save $10 billion by 2025.
The company's pivot to AI hardware has underperformed, facing stiff competition from Nvidia and AMD.
Government subsidies through the CHIPS Act could aid Intel's long-term recovery and foundry business.