Pat Gelsinger

Intel Corp. (NASDAQ:INTC) CEO Pat Gelsinger acknowledged investor concerns following a significant drop in the company’s stock price. What Happened: Gelsinger said the company is working diligently to address these concerns. He made these remarks during a fireside chat at Deutsche Bank’...

In a move that mirrors Tesla Inc's (NASDAQ:TSLA) dramatic workforce reduction earlier this year, Intel Corp (NASDAQ:INTC) reportedly plans to slash 15% of its workforce. This planned reduction, according to The Verge, is part of Intel's ambitious turnaround strategy aimed at regaining its footing...

Intel Corp (NASDAQ:INTC) is set to slash its workforce after receiving billions of dollars from the federal government. The tech giant said it plans to cut 15% of its workforce, or about 15,000 jobs, after it received $8.5 billion in grants from the U.S. government, Fox Business reported. The...

In a move that has shaken the tech industry, Intel Corp (NASDAQ:INTC) is set to fire about 15,000 employees, amounting to over 15% of its workforce, as part of a drastic cost-cutting measure aimed at saving $10 billion by 2025. The announcement, which came shortly after Intel’s disappointing...

Intel Corp (NASDAQ:INTC) is making waves with its ambitious plans to revamp its operations, thanks to a hefty $8.5 billion boost from the CHIPS Act, a $280 billion package President Joe Biden signed into law in 2022. The goal? To transform into a manufacturing powerhouse that could potentially...

Computex Taipei, one of the tech industry's most anticipated events, is just around the corner. As industry giants like Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC) and Advanced Micro Devices Inc (NASDAQ:AMD) prepare to unveil their latest innovations, investors are keenly watching for...

Intel Corp (NASDAQ:INTC), a tech giant often overshadowed by competitors, is sparking discussions among Reddit’s ValueInvesting community. Despite recent setbacks, including declining revenue and earnings, investors are intrigued by Intel’s potential for a turnaround and long-term...

Intel Corporation (NASDAQ:INTC) has disclosed a significant increase in operating losses for its foundry business, a development that has caused a dip in the company’s shares. What Happened: Intel revealed on Tuesday that its manufacturing unit suffered $7 billion in operating losses for 2023...

Intel Corporation (NASDAQ:INTC) and Microsoft Corporation (NASDAQ:MSFT) announced that Microsoft will be using Intel's 18A process to manufacture its own chip design. The Details:  The announcement was made Wednesday at Intel Foundry Direct Connect by Microsoft CEO Satya Nadella.  “...

Chipmaker Intel Corporation (NASDAQ:INTC) reported fourth quarter financial results after market close Thursday. Here are the key highlights. What Happened: Intel reported fourth-quarter revenue of $15.4 billion, which was up 10% year-over-year. The revenue total came in ahead of a Street consensus...

The escalating competition for chip supremacy demands a concerted effort from industry and government, warns Intel (NASDAQ:INTC) CEO Pat Gelsinger. He emphasizes the critical role of technology supply chains in shaping geopolitical dynamics. According to Barron’s report,...

Semiconductor company Intel Corp (NASDAQ: INTC) reported second-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Intel reported second-quarter revenue of $12.9 billion, which was down 15% year-over-year. The revenue came in ahead of a Street...

Chipmaker Intel Corporation (NASDAQ: INTC) reported first-quarter financial results after market close Thursday. Here are the key highlights. What Happened: Intel reported first-quarter revenue of $11.7 billion, which was down 36% year-over-year. The revenue total beat a Street consensus estimate...

Intel Corp (NASDAQ: INTC) shares are volatile Wednesday morning after the chipmaker updated its long-term strategy, reiterated its forward guidance and cut its dividend. What Happened: Intel reaffirmed its first-quarter revenue guidance of $10.5 billion to $11.5 billion. The company also said...

Semiconductor company Intel Corporation (NASDAQ: INTC) reported third-quarter (Q3) financial results after the market close Thursday. Here are the key highlights. What Happened: The Santa Clara, California-based company's Q3 revenue was $15.3 billion. That's down 20% year-over-year. The...