The Biden administration has decided to cut Intel ... showed a 6% drop in sales and ongoing efforts to cut 15,000 jobs. Pat Gelsinger, Intel’s CEO, had positioned the company as a key player ...

Intel chief executive Pat Gelsinger has been forced out less than ... billions of dollars that the administration of President Joe Biden has pledged to support the construction of US chip ...

Intel CEO Pat Gelsinger helped lead the campaign for the ... U.S. less vulnerable to supply chain disruptions in Asia. The Biden administration announced in March it would direct $8.5 billion ...

The troubled American semiconductor giant said it will cut spending despite benefiting from a Biden-era program designed to boost U.S. chip production.

Intel CEO Pat Gelsinger has retired ... Last week, it was revealed that US President Joe Biden's administration plans on reducing part of Intel’s $8.5 billion (€8 billion) in federal funding ...

US chip giant Intel announced today (2 December) that CEO Pat Gelsinger will step down ... the award was implemented in the last days of the Biden administration, at roughly $600m lower than ...

Before ‘America First’ became the Trump administration’s mandate for foreign policy and trade, one sector was already working ...

The regulations, which were to go into effect May 15, were designed to limit AI advancement in certain nations – “non-trusted ...

Nvidia's AI chip market success comes from competitive moats, said Pat Gelsinger. Intel's new CEO, Lip-Bu Tan, acknowledged the company's issues in an address last month. Ex-Intel CEO Pat Gelsinge ...

The news comes ahead of Intel's Q1 earnings call helmed by recently appointed CEO Lip-Bu Tan, who replaced longtime chief Pat Gelsinger last year. With the layoffs, Tan aims to "streamline ...

Intel’s struggles could create challenges for President Donald Trump, who despite criticizing Biden’s chip policies ... In December, chief executive Pat Gelsinger retired.