Intel Financial Risks, Layoffs, Foundry Ambitions
By Pablo Valerio, EETimes | April 24, 2025
Intel is poised for a critical juncture. The company just unveiled financial results that underscore the deep challenges facing the semiconductor giant. It could announce massive layoffs and increased focus on its foundry business.
Amid reports of a massive workforce reduction potentially impacting over 20% of its global staff, the company is aggressively pushing forward with a bold transformation aimed at reinventing itself as a dominant force in contract chip manufacturing, directly challenging the long-held supremacy of Taiwan Semiconductor Manufacturing Co. (TSMC).
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