Intel cancelled planned fab projects in Germany and Poland, and will consolidate its testing and assembly operations in Vietnam and Malaysia
Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company's new CEO Lip-Bu Tan announced significant cuts in chip factory construction.
CNBC Kif Leswing
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Discussion
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@quinnypig.com
Corey Quinn
on bluesky
German and Polish officials reportedly devastated to miss out on future Intel layoffs. [embedded post]
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@markhachman
Mark Hachman
on bluesky
Intel says that the “majority” of layoffs have concluded, with the goal to reduce its workforce by 15%. $1.9B of restructuring charges as a result. Target: 75K employees by end of year. — Canceling “projects” in Germany and Poland, moving Costa Rica assembly to Vietnam/Malays…
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@snowdayfan1
@snowdayfan1
on bluesky
Reminder that Intel got handed $8.5 billion in taxpayer money from the CHIPS act and has done nothing but stock buybacks and layoffs since. One of the greatest thefts ever perpetrated against the American people [embedded post]
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@joshdwalrath
Josh Walrath
on x
Crazy to think that basically one out of every four employees at Intel were let go over the past year. I think we knew a few! Some serious shifts in the industry, and Intel did not capitalize on their once dominant engineering/manufacturing position.
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@ljkawa
Luke Kawa
on x
Unless you think journalists are very good and quick with math, Intel really did some nice behind the scenes work to ensure that “more layoffs coming!” would be a headline the heavyweights ran with during a quarter in which they disappointed.
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@firstadopter
Tae Kim
on x
Intel now expects to have 75,000 employees at year end - down from 116,500 in June 2024. Nvidia CEO said they now have 42,000 employees yesterday - up from 36,000 in January 2025. Massive shifts.
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@gurgavin
@gurgavin
on x
INTEL EMPLOYEE COUNT BY YEAR 2022: 131,900 2023: 124,800 2024: 108,900 2025: 75,000 INTEL HAS LAID OFF NEARLY 45% OF ITS WORKFORCE OVER THE LAST 4 YEARS $INTC
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@force_to_black
Paul Cremers
on x
$INTC - “Over the past several years, the company invested too much, too soon-without adequate demand, he wrote. Going forward, our investment in Intel 14A will be based on confirmed customer commitments. There are no more blank checks. Every investment must make economic sense.”
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r/technology
r
on reddit
Intel will cancel 14A and following nodes if it can't win a major external customer — move would cede leading-edge nodes to TSMC and Samsung
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r/hardware
r
on reddit
Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks’
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r/business
r
on reddit
Intel beats on revenue, slashes foundry investments as CEO says ‘no more blank checks’
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r/intelstock
r
on reddit
Lip-Bu Tan: Steps in the Right Direction
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@thetranscript_
@thetranscript_
on x
$INTC CFO: “We felt like tariffs might be a headwind in the second quarter and would further unsettle the economy. None of that transpired.”
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@lady0fcrypt0s
@lady0fcrypt0s
on x
$INTC The callers were trying to manufacture a negative from the call. It was ridiculous. That one caller that was trying to get them to say they were scrapping 14a. The most advanced chip in the world is in production at Intel right now. Confirmed on time during CC.
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@firstadopter
Tae Kim
on x
Intel CFO tells me he expects capex to be DOWN for 2026.
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@firstadopter
Tae Kim
on x
He basically implied 18A yield sucked. It can't be just about performance.
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@sowmaler
Saratoshi Nagamoto
on x
Nvidia's a small-fry chip company churning out graphics cards for PC gamers, and it's going nowhere fast. Their stock's languishing around five bucks, and for good reason. Nobody cares about their tech outside of geek circles. Intel owns the CPU space, and ATI's eating their
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@markhachman
Mark Hachman
on x
Intel reports a GAAP net loss of $2.9B, down 81 percent from a year ago when it reported a loss of $1.6B. (Non-GAAP profit of $0.1B.) Revenue was basically flat at $12.9B. GAAP EPS a net loss of $0.67, or $0.10 non-GAAP. Panther Lake on track, 18A in prod. Outlook: $12.6B-$13.6B.
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@benbajarin
Ben Bajarin
on x
$INTC A new baseline of financial discipline. [image]
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r/LinusTechTips
r
on reddit
Intel to shed 24,000 employees, cancel mega fab projects and retreat from Germany, Poland, and Costa Rica
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r/wallstreetbets
r
on reddit
Intel reveals it will shed 24,000 employees this year and retreat in Germany, Poland, and Costa Rica
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r/PortlandOR
r
on reddit
Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica
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r/hardware
r
on reddit
Intel CEO Letter to Employees
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r/intel
r
on reddit
Intel CEO Letter to Employees
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r/technology
r
on reddit
Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica
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r/intel
r
on reddit
Intel reveals it will lose 33,000 employees this year and retreat in Germany, Poland, and Costa Rica
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r/AMD_Stock
r
on reddit
Intel Reports Second-Quarter 2025 Financial Results
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r/intelstock
r
on reddit
Intel Reports Second-Quarter 2025 Financial Results
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r/hardware
r
on reddit
US chipmaking nears death: Intel warns it may give up on cutting-edge chips