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Intel shares plummeted in premarket trading after reporting Q2 EPS of -$0.10, missing expectations by 171.81%.
Intel's stock jumped 4.84% to $23.07 as the company continues global layoffs to become more efficient, with Citigroup raising its price target to $24.
Intel stock declined over 4% as reports emerged that the company may abandon efforts to sell its 18A chip manufacturing process to external customers.
Intel's stock jumped over 5% following news of major marketing workforce reductions and AI-driven outsourcing to Accenture.
Intel's CEO Lip-Bu Tan is restructuring the company's leadership to better compete in the AI chip market.
Intel is selling a 51% stake in Altera to Silver Lake for $4.46 billion, aiming to refocus on core business areas.
Tan's priorities are well-grounded. Now investors get to see the execution.
Intel appoints Lip-Bu Tan as CEO, sparking a positive market reaction and setting expectations for strategic growth.
TSMC's proposed joint venture with Intel aims to revitalize Intel's foundry division by collaborating with major U.S. chip designers.
Former President Donald Trump has reignited debate over the Chips Act by proposing its termination in favor of tariffs.
Intel's latest Core Ultra 9 processor outperforms AMD's flagship Ryzen chip by 7% in certain benchmarks.
Intel announces the retirement of CEO Pat Gelsinger, effective December 1, 2024, with David Zinsner and Michelle Johnston Holthaus stepping in as interim Co-CEOs.
Nvidia is set to replace Intel in the Dow Jones Industrial Average, highlighting a shift in the semiconductor industry as Intel struggles with declining performance.