2025-08-08
Intel CEO Lip-Bu Tan responds to Trump comments that he should resign
Intel CEO Lip-Bu Tan has responded after Donald Trump accused him of being "highly conflicted" and said he should resign, according to The Financial Times. "There has been a lot of misinformation circulating about my past roles," Tan said in a letter to Intel staff. "I wanted to be absolutely clear... I have always operated within the highest legal and ethical standards." Tan said that Intel was engaging with the White House "to address the matters that have been raised and ensure they have the facts."
Trump's Truth Social post demanding Tan's resignation reportedly came about due to letter to Tan from Tom Cotton, the Republican head of the Senate Intelligence C [...]
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2025-08-22
The US government is taking an $8.9 billion stake in Intel
President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still fort [...]
2025-08-22
The US government is taking a 10 percent stake in Intel
President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still fort [...]
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2025-04-25
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Beleaguered chipmaker Intel has confirmed plans to restructure in a shift that will involve an unspecified number of layoffs. It was reported this week that the company could lay off around 20 percent [...]
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Intel may be preparing to lay off 20 percent of its staff
Intel is reportedly preparing to further reduce its headcount, this time by laying off more than 20 percent of its employees. It could announce a plan to do so as soon as this week. The struggling com [...]
2025-04-14
Intel is selling off a majority stake in chip-maker Altera for $4.46 billion
Intel is selling off its majority share in chip-maker Altera as part of its new CEO's first steps toward stabilizing the company. The 51 percent stake sold today for $4.46 billion in a deal that [...]