Intel

24 Apr

Intel to lay off more than 20,000 employees

hightechz.net1 CommentBusiness, Trendingai, Intel, Intel lay off, lay off, Lip-Bu Tan, technology

Intel plans to cut 20% of its workforce, or more than 20,000 people, to save costs and streamline its organization. Reuters reported that Intel will announce plans to cut its workforce by 20% this week as part of a turnaround plan by new CEO Lip-Bu Tan. As of December 28, 2024, Intel had 108,900 employees, including thousands of employees at Altera, an independent company co-owned by Intel and Silver Lake. Photo: Reuters. Intel previously laid off about 15,000 people in August 2024. The new cuts will mainly affect non-technical positions, such as administrative, sales, marketing and support functions. The manufacturing…

24 Sep

Qualcomm wants to buy Intel

hightechz.net0 CommentsBusiness, Technologybusiness, Intel, Qualcomm, technology

On September 20, U.S. media reported that chip company Qualcomm had approached Intel in recent days and made an offer to acquire the competitor. CNBC, citing sources close to the matter, reported that it is still unclear whether Intel has begun negotiations with Qualcomm or what the specific terms might be. The Wall Street Journal also revealed that this deal is not yet certain. Even if Intel wants to negotiate, the deal is likely to attract attention from antitrust authorities. To complete the merger and acquisition (M&A), Qualcomm might have to sell off some of Intel's assets or business units…