Overview

• Kaizad Mistry, Ryan Russell and Gary Patton will retire as part of CEO Lip-Bu Tan’s sweeping restructuring of Intel’s technology development group
• Intel will advance its next-generation 14A node only on the basis of confirmed external customer orders, suspending unbacked projects
• The 18A process will be reserved exclusively for in-house products to secure viable returns instead of being offered to external clients
• The company plans targeted cuts to its manufacturing capacity planning team and portions of its engineering staff under the reorganized development division
• Construction of the Ohio semiconductor fab has been further delayed and planned expansions in Germany and Poland are paused, with some assembly and testing shifted from Costa Rica to Vietnam and Malaysia