Intel articles

struggling intel intel altera pat gelsinger chipmakers intel foundry

Struggling Intel is considering selling divisions and slashing expenditures

The company's Altera programmable chips unit could be on the chopping block
In brief: Desperate times call for desperate measures at Intel. The once-dominant chipmaker is putting everything on the table as it scrambles to regain its footing in the AI era. According to sources familiar with the company's plans, CEO Pat Gelsinger and other top executives are preparing an ambitious proposal to streamline Intel's operations. This strategy, set to be presented to the board later this month, could see the company shedding entire business units and slashing capital expenditures.
intel lawsuit class action shareholder intel foundry

Intel faces shareholder class-action lawsuit for allegedly concealing foundry business problems

Intel execs are accused of making "materially false and misleading" statements
What just happened? Things are going from bad to worse for Intel. In addition to the nightmare that is the Raptor Lake CPU crisis and the backlash over eliminating 15,000 jobs, the company is now being sued by shareholders over accusations it fraudulently concealed problems in its foundry business.
intel stock market financials

Intel faces crisis as revenue misses and a bleak forecast shakes investor confidence

Bottom line: Intel's latest quarterly earnings were nothing short of ugly, prompting restructuring plans. It is quite the change for a company that was once among the 30 best stocks in the world. Analysts are increasingly skeptical about CEO Pat Gelsinger's ability to execute a successful turnaround, especially as Intel struggles to keep pace with AMD and Nvidia.