Overview

• Intel will reduce its workforce by 15 percent, trimming payroll to about 75,000 employees by the end of 2025.
• Tan has ordered that new fabs proceed only with signed customer commitments, ending the era of “blank checks” in capacity build-outs.
• The company will slow or halt plant projects in Ohio, Poland and Germany while consolidating packaging operations from Costa Rica into Vietnam and Malaysia.
• Intel plans to scale its in-house 18A process for internal use and to tie investments in its next-generation 14A node to securing external foundry customers, with a potential exit if none emerge.
• After reporting flat second-quarter revenue of $12.9 billion and $1.9 billion in restructuring charges, Intel forecast a steeper third-quarter loss of 24 cents per share.