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Chips

20 stories about Chips

$100M in savings not enough to justify Intel’s coffee cut

10.11.24|CTech

Intel reinstates coffee and tea service, acknowledging the importance of small perks for employee morale. “Although Intel still faces cost challenges, we understand that small comforts play a significant role in our daily routines,” the company stated.

Intel restores car benefit, citing progress on savings goals: "We understand the importance of this to employees"

07.11.24|Allon Sinai

New allowance plan comes as Intel restores key perks, amid efforts to stabilize morale during massive cost reductions. “Given our progress against our savings objectives, we have decided to retain the car benefit,” Christy Pambianchi, Intel's Executive Vice President and Chief People Officer, wrote to employees.

Intel Israel's layoffs are less severe than global cuts, but ambiguity persists

06.11.24|Allon Sinai

The exact number of job losses remains uncertain due to a decentralized approach to workforce reductions.

Intel aims to net billions in Altera stake sale, targeting $17 billion valuation

05.11.24|Reuters

Buyout firms Silver Lake, Bain Capital and Francisco Partners are among the potential suitors that are likely to compete to acquire a minority stake in Altera. "We remain focused on selling a stake in Altera on a path to its IPO in the coming years. To that end, we have begun discussions with potential investors and expect to conclude in early 2025," said Intel CEO Pat Gelsinger.

מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Four years and billions later, Intel’s Habana Labs is still searching for success amid layoffs

03.11.24|Allon Sinai

As Intel grapples with layoffs and massive cost-cutting, its high-stakes $2 billion acquisition of Habana Labs in 2019 has struggled to make a dent in Nvidia’s dominance.

Intel's workforce questions its future amid layoffs and shrinking benefits

01.11.24|Allon Sinai

Intel’s challenges in the AI-driven chip industry are well-documented, as the company strives to pivot away from its traditional PC business and focus on data centers, AI, and foundry services. Yet, for employees, the more immediate reality is a mix of diminishing benefits, increased pressure, and fading morale.

Intel’s struggles deepen with $16.6 billion loss but AI chip growth provides hope

31.10.24|Sophie Shulman

Company eyes AI and data center demand as it cuts costs and reorganizes.

Intel issues ultimatum to employees to decide whether to take severance or fight layoffs

30.10.24|CTech

Following months of delay, Intel workers in Israel have days to decide whether to take a layoff package or appeal their terminations.

NextSilicon takes on Nvidia with Maverick-2 chip, secures tens of millions in sales

30.10.24|Meir Orbach

Over the last year, the company has raised an additional $100 million, reaching a valuation of $1.6 billion.

Pat Gelsinger’s Intel vision: An unfulfilled mission with mounting losses

29.10.24|Reuters

With revenue declines, strained TSMC ties, and unmet AI targets, Intel’s comeback strategy under Gelsinger reflects both ambition and deep-seated challenges.

Intel's biggest revenue decline in five quarters to hit amid broad layoffs and missed AI boom

29.10.24|Reuters and CTech

With revenues slipping and layoffs underway, Intel faces renewed questions on its data center strategy and generative AI prospects.

NVIDIA announces xAI's Colossus supercomputer, based on technology developed in Israeli R&D center

29.10.24|James Spiro

Elon Musk has dubbed it “the most powerful AI training system in the world.”

"Why should I stay at Intel?" Employees question future as layoffs loom

28.10.24|Omer Kabir

Amid layoffs and new austerity measures, Intel Israel employees weigh whether loyalty to the company still holds value.

Trump and Harris align on keeping China out of AI competition

27.10.24|Omer Kabir

Despite fierce rivalry, both camps stand united on limiting China’s chip access before the elections.

Intel cuts free coffee, braces for next layoff wave

27.10.24|Omer Kabir

Intel Israel employees face empty kitchen stations as company cost-cutting intensifies ahead of layoff notices.

פרוסת סיליקון נכנסת ל מכונת מדידה של נובה בתהליך ייצור שבבים

ASML forecast cuts $1 billion from Israeli chip manufacturer Nova’s market cap

21.10.24|Adiel Eithan Mustaki

Nova, Tower, and Camtek face steep losses after ASML signals slower growth for 2025, impacting global chip demand.

Intel lays off over 2,200 in the US as cutbacks continue in full force

17.10.24|CTech

The chip giant parted ways with thousands of employees in Oregon, Texas, California and Arizona this week, according to reports in the US, as it closes on its target of cutting 15,000 jobs. Hundreds of employees are set to be laid off in Israel at the end of October.

Strengthening x86: Intel and AMD’s alliance rooted in Israeli innovation

16.10.24|Reuters and CTech

The two companies work together to ensure software consistency as they face challenges from Arm Holdings' architecture.

Intel pushes layoffs of hundreds of employees in Israel to end of October

14.10.24|CTech

While many Intel employees across the world will find out this week if they are being let go, the cutbacks in Israel won’t take place before the last week of October following the conclusion of the Jewish holidays.

Intel employees brace for layoff notices as cuts to move into high gear next week

09.10.24|CTech

With employees who selected early retirement officially leaving the company at the end of September, layoffs are set to ramp up soon.

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