Barely a month into the job, Mr Tan is already making big changes. Pat Gelsinger, his predecessor, had already cut 15% of the ...

There was. Under former chief executive Pat Gelsinger, the great turnaround hope for the company was a planned shift to a foundry model, where Intel makes chips for other companies alongside its own.

Tan was appointed CEO of Intel on March 12. He took the non-interim mantle after Pat Gelsinger who wrote to employees in August 2024 that the company would by 2025 reduce its workforce 15% — or ...

The 22,000 layoff figure, if accurate, would be larger than Intel’s last round of mass layoffs in August 2024, when then-Intel CEO Pat Gelsinger announced 15,000 job cuts. Intel’s CEO ...

"This is changing the way that we do business internally and really streamlining the business," Pitzer told MarketWatch, adding that the cuts under previous CEO Pat Gelsinger "didn't go after a ...

Tan, an electronics veteran, took over as Intel's CEO last month. His appointment came after Pat Gelsinger suddenly left the role in December. It's a tumultuous time for the once dominant ...

It's the chipmaker's first earnings report since Tan took over as CEO in March, after Pat Gelsinger stepped down in December under pressure from board members and investors. Gelsinger's tenure was ...

Talks about spinning out got more serious last year — and reportedly had support from Intel’s ex-CEO Pat Gelsinger. The original plan was for Intel Capital to become independent by the third ...

Intel's drive to become a contract manufacturer of chips, a strategy championed by Tan's predecessor, Pat Gelsinger, has strained the company's finances as it pours billions of dollars into ...

Former Intel CEO Pat Gelsinger admitted Nvidia's AI chip dominance stemmed from superior execution by CEO Jensen Huang and strategic advantages like NVLink and CUDA. Intel's missteps, including ...

1. For Intel’s staff, the specter of cuts might feel like déjà vu. Last August, former CEO Pat Gelsinger announced a 15% layoff with an email bluntly diagnosing the company’s struggles ...