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Intel's future in limbo following key three-day board summit

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Intel

20 stories about Intel

Intel's future in limbo following key three-day board summit

12.09.24|Omer Kabir

With the company in turmoil, drastic options like asset sales and project delays are on the table.

Intel may lay off over 1,000 employees in Israel as global cuts begin

10.09.24|Meir Orbach

Major workforce reductions come as Intel pushes for $10 billion in savings worldwide.

פט גלסינגר אינטל

Qualcomm eyes Intel's PC design unit to expand chip portfolio

06.09.24|Reuters

As Intel looks to shed assets, Qualcomm explores a potential move to strengthen its product lineup.

מימין מנכ"ל אינטל העולמית פט גלסינגר ונשיא ומנכ"ל מובילאיי אמנון שעשוע

Intel weighs selling part of Mobileye to raise much-needed capital

Amid revenue declines and market pressures, Intel is considering selling part of its 88% stake in the Israeli automated driving systems provider.

מטה אינטל ב קליפורניה

Intel races against time to complete layoffs amid financial losses

Failed Broadcom chip test threatens foundry plan as Intel looks to 2027.

“The results speak for themselves. Israel will remain at the center of Intel's global efforts”

04.09.24|Itai Smuskowitz

Zohar Tsaba, Vice President of the Client Computing Group at Intel and the head of its Lunar Lake program, has no doubt that the chip giant will continue to invest in its Israel center despite undergoing dramatic cutbacks. “There is depth and technological and professional expertise here that really doesn't exist anywhere else.”

הדור השני של מעבדי Intel Core Ultra

Intel's Lunar Lake chips driven by Israeli innovation challenge Qualcomm and AMD

03.09.24|Itai Smuskowitz

Development centers in Haifa and Petah Tikva played a crucial role in Intel's AI-powered processors.

מנכ"ל אינטל פט גלסינגר משיק שבב AI גאודי 3

Intel faces Dow Jones ouster: Is Nvidia set to take its place?

03.09.24|Reuters

With Intel's shares down more than 70% from a record high in August 2000, the Dow may turn to Nvidia as the new tech heavyweight.

מנכ"ל אינטל פט גלסינגר 2 אפריל 2024

Intel's CEO to unveil aggressive cost-saving measures at pivotal board meeting

02.09.24|Reuters

Gelsinger’s strategy could include selling Altera and freezing factory expansions.

משרדי אינטל ב פתח תקווה

Intel ends car leasing program in latest cost-cut

01.09.24|Meir Orbach

The chip giant’s Israel management is aiming to save around $3.3 million by axing leasing as part of a broader layoff prevention strategy.

מנכ"ל אינטל פט גלסינגר אפריל 2024

Intel CEO Pat Gelsinger: "We see the finish line in sight"

"We respect some of the skepticism we've received from the market, but we believe we're up for the challenge," he added, despite the company's stock falling 59% this year and the significant cutbacks announced earlier this month.

Intel Ignite Tel Aviv hub

Intel shutting down startup accelerator Ignite amid massive cuts

29.08.24|Meir Orbach

Ignite is set to officially close in November, with the ninth and final cohort getting underway this past May.

Intel's layoff plan enters new phase after voluntary retirement program closes

28.08.24|Meir Orbach

With initial retirements complete, Intel focuses on additional layoffs and operational scaling.

משרדי אינטל פתח תקווה

Intel’s AI struggles and bureaucratic culture led to key board member’s abrupt exit

27.08.24|Reuters

Lip-Bu Tan’s departure highlights internal conflicts and strategic misalignments at the faltering chip maker.

Lawsuit alleges Intel fired Jewish VP for complaining about anti-Israel bias

14.08.24|Reuters

Former IDF soldier sues after alleging retaliation for reporting supervisor's anti-semitic posts.

מטה אינטל ו סם אלטמן

How Intel passed on OpenAI: The billion-dollar what-if

07.08.24|Reuters

In 2017 and 2018, Intel executives discussed buying a 15% stake in OpenAI for $1 billion, with the option of an additional stake if they provided hardware at cost. However, Intel ultimately declined the deal, as then-CEO Bob Swan doubted generative AI would reach the market soon enough to justify the investment.

פט גלסינגר מנכ"ל אינטל ה עולמית

Up to 19 months of pay: What Intel is offering employees for early retirement

Employees with five years of service will receive four months' salary, those with over 10 years will be entitled to 10 months' salary, and employees with more than 30 years of service will receive 19 months' salary upon retirement.

Intel laying off more than 15% of workforce, cutting costs by $10 billion

02.08.24|Omer Kabir

The chip giant said it will part ways with around 15,000 employees globally by the end of the year after registering a loss of $1.6 billion in the second quarter of 2024.

פט גלסינגר אינטל

Intel’s mass layoffs: A desperate move that might not be enough

01.08.24|Omer Kabir

Cutting thousands of jobs may offer temporary relief, but Intel’s long-term outlook remains shaky.

Startup Nation prepares for Intel layoffs - and Israel's Most Promising Startup just got more money

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